Government awards $1M in funding to SiliCycle
Nov. 16, 2018 – The federal government is giving SiliCycle, a manufacturer of silica-based products, a repayable contribution of $1 million from Canada Economic Development (CED) for Quebec. The company wants to develop and commercialize products resulting from the conversion of residual biomass.
These funds will result in 10 new jobs and enable the company to purchase specialized equipment, as well as conduct business development activities abroad.
SiliCycle designs many lines of patented products, including silica-based research and production tools, as well as those produced by the conversion of residual biomass.
“The Government of Canada has made concrete commitments to demonstrate that a clean environment and a strong economy go hand in hand. One of these commitments is to invest strategically, including in clean technologies and products resulting from the conversion of residual biomass,” said Navdeep Bains, Minister responsible for CED.