Innovative Solutions Canada (ISC), a funding program focused on R&D and prototype testing, outlined a series of new programming and funding opportunities for startups and early-stage ventures at an event hosted by Cleantech Commons in Peterborough on Friday, February 14, 2020.
Éric-Aimé Patry, the Manager of Outreach and Engagement at Innovative Solutions Canada & Build in Canada Innovation Program, detailed the new programme and explained how cleantech startups can take advantage.
ISC is a Government of Canada program aimed at innovators and entrepreneurs. The program helps Canadian innovators by funding R&D and testing prototypes in real-life settings.
ISC has combined funding of over $140 million dedicated to Canadian innovators who want to start, grow and get to market by facilitating early development, testing and validating prototypes, and preparing a pathway to commercialization.
If a startup’s idea is selected, the venture could receive up to $150,000 to develop a proof of concept.
If proof of concept is approved, the company could receive up to $1 million to develop a prototype.
And if the developed innovation solves the identified “challenge”, the government could become your first customer.
ISC is now actively seeking cleantech innovators to solve various new “cleantech challenges“. These were detailed at the Cleantech Commons event in Peterborough.
At GLOBE Forum 2020 earlier in the week, the Minister of Environment announced three winners of $1 million each to develop prototypes of their new technologies designed to address plastic waste from food packaging and construction.
The companies include: Axipolymer Inc., based in Montreal, will create a recyclable multi-layer film that can be used for food packaging, GreenMantra Technologies from Brantford, will transform polystyrene insulation waste into new insulation, and MgO Systems from Calgary will use PVC waste from construction to produce new insulating materials.
The minister also announced the launch of nine new challenges.
Those were revealed at the Cleantech Commons event in Peterborough two days later.
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