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Demand for ‘natural’ drives new $50M fund for early-stage Canadian tech companies

NPC Ventures is a $50-million investment fund for early-stage Canadian companies developing naturally-derived alternatives to synthetic products. The fund is led by Kristi Miller, who says she believes there exists a “tremendous opportunity for Canadian companies to meet this exponential demand for ‘natural’.”

Ocean Supercluster embarks on aquaculture data project in effort to ramp up ocean economy

The Ocean Supercluster is participating in a nearly $27-million data analytics project led by Norway-based Grieg Seafood, an international salmon producer, alongside partners Innovasea, SubC Imaging, AKVA Group and High-Tech Communications. Kendra MacDonald, CEO of the Ocean Supercluster, says Canada’s coastlines have long been underutilized compared to other countries.

The Short Report – March 17, 2021: Canadian government invests heavily to bolster biomanufacturing, D-Wave Systems gets funding for quantum tech, Canada’s largest study on aging gets a top-up, and more

The Government of Canada seeks to bolster Canada’s biomanufacturing capacity, D-Wave receives $40 million to accelerate Canada’s quantum technology development, the federal government invests in Canada’s longest-ever study on aging, Quebec’s Lion Electric gets ready to break ground on a new battery manufacturing plant, and more.

New 10-year CIHR strategy focuses on health equity, Indigenous research and knowledge mobilization

The Canadian Institutes of Health Research has released a strategic plan that calls health equity “the most pressing health-related challenge in our country” and charts a course toward reducing health inequalities across Canada over the next decade. Researchers say inadequate funding and low success rates continue to be major problems, which have been exacerbated by the COVID-19 crisis, and also need to be addressed.

Oil and gas innovation network has yet to spend $80 million of federal funding for cleaner technologies

A pan-Canadian oil and natural gas innovation network has yet to spend the bulk of $100 million of federal funding on commercializing new, cleaner technologies, two years after Ottawa announced the funding and seven months after a contribution agreement was signed. The Clean Resource Innovation Network, which aims to produce the world’s cleanest hydrocarbons, plans to announce details of its planned three technology competitions by end of March 2021.