Skip to main content

Market Overview

Innovate BC Awards $900,000 to Three BC Research Projects

Share:

Accelerates commercialization of innovation for cleantech, mining, biotech

VANCOUVER, BC, Feb. 24, 2021 /CNW/ - Innovate BC announced $900,000 awarded for three BC research projects. The funding, through Innovate BC's Ignite program, accelerates the commercialization of the following three cleantech, mining and biotech projects.

Compostable bioplastics for single-serve coffee pods
Plastic single-serve coffee pods are being dumped into landfills. UBC's Canada Research Chair in Sustainable Chemistry, Dr. Zachary Hudson and NEXE Innovations' Darren Footz teamed up to develop compostable pods as a sustainable alternative. They seek to improve the bioplastic formulation and optimize product shelf-life to retain the bold, fresh taste of brewed coffee.
Award: $300,000

Linking orebody knowledge to real-time sensor information
Mining is moving underground, where risks are high, and costs are huge. The application of deep cave knowledge is essential to the future of mining in BC. UBC's Dr. Bern Klein and Dr. Andrew Csinger from the Centre for Innovation in Mineral Resource Engineering are developing advanced tools for cave mining to improve safety and productivity.
Award: $300,000

Radiopharmaceuticals for immune imaging
Oncologists are challenged to identify which patients will benefit from immune-based cancer therapies. TRIUMF's Dr. Paul Schaffer and ARTMS' Dr. Michael Cross (with BC Cancer and Lawson Health Research Institute) are developing PET-isotopes and antibodies for non-invasive imaging of the immune system in order to improve management of cancer treatments. 
Award: $300,000

Each year Innovate BC's Ignite Program selects research projects in cleantech and applied sciences, awarding up to $300,000 per project. To date it has funded 31 projects for a total value of $7.4M. Get notified when the next round of Ignite applications open. Sign up here.

Quotes

Raghwa Gopal, President + CEO, Innovate BC

"We're excited to help supercharge game-changing innovation. Past winners have solved billion-dollar market problems that companies like Goodyear have tried to solve for 50 years."

Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation

Innovation is one of the pillars of economic growth and will become increasingly important as we rebuild from the impacts of COVID. These companies are producing breakthrough technologies that will help protect the environment, stimulate the economy, and benefit people's lives."

About Innovate BC, www.innovatebc.ca

Innovate BC is rebooting BC's economy by helping innovators build great companies. We deliver cost-effective, high-impact programs to address the biggest pain points of BC businesses. 

SOURCE Innovate BC

Cision View original content: http://www.newswire.ca/en/releases/archive/February2021/24/c1495.html

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com