Bioindustrial Innovation Canada (BIC) received $15 million from FedDev Ontario “to promote new sustainable innovations and bring business support to Eastern Ontario in Canada.” Along with partners the St. Lawrence Corridor Economic Development Commission and St. Lawrence College, BIC will establish the Ontario Bioindustrial Innovation Network (OBIN), a hybrid chemistry cluster in Brockville, Ontario. The network aims to…
Topic: scale up
The Short Report, June 5, 2019 – McMaster endowment, AI, timber research, green jet fuel
BDC Capital has launched the $250-million Industrial Innovation Venture Fund to invest in early to late stage tech firms and entrepreneurs accelerating the transformation of core Canadian industries including ag-tech, advanced manufacturing, oil and gas and mining tech. Venture capital veteran Joe Regan joins as the fund’s managing partner. “Industrial sectors tend to be slow…