Government of Canada invests $3 million to help early-stage companies adopt low-carbon processes and products

FedDev Ontario investment to support more than 65 SMEs, 80 technologies or processes and more than 110 jobs

July 27, 2022 – Sarnia, Ont.

As the industry looks to accelerate the adoption of new clean technologies to drive decarbonization and the transition to a green recovery, there is a growing demand for made-in-Ontario solutions to achieve this goal. The Government of Canada is committed to supporting this transition to a green economy and promoting clean growth innovators in this space.

Today, on behalf of the Honorable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDevOntario), Peter Fragiskatos, Parliamentary Secretary to the Minister for National Revenue and Member of Parliament for North Central London, announced a $3 million investment to Lambton College of Applied Arts and Technologyin association with Fanshawe College (London), Mohawk College (Hamilton) and Loyalist College (Belleville), to establish the Canadian Bio-Cleantech Applied Research Network (CBARN).

The CBARN will provide research, technical and commercialization support to 65 Southern Ontario-based early-stage SMEs in the clean biotech sector, leading to the development of 80 technologies, processes or products and supporting more than 110 positions of work.

Aim for at least 25 percent of CBARN-supported SMEs to be owned or operated by underrepresented groups, such as Indigenous Peoples, people with disabilities, Black communities, members of racialized communities, women, youth, members of the LGBTQ2+ community, and newcomers. to Canada. Additionally, students from CBARN institutions in the fields of science and technology will have the opportunity to develop and apply their skills in support of participating SMEs, enhancing their employability and contributing to a skilled workforce.

The CBARN network will provide companies with access to applied research and technical expertise from all partner universities to develop and improve commercially viable products and technologies, grow their business, and diversify the skills of their workforce. Timely access to specialized experts and teams at Ontario post-secondary institutions can be a key support in helping these companies fully commercialize their products and bring them to market sooner.

Through this project, early-stage SMEs will undertake collaborative projects that focus on new low-carbon processes and products, greenhouse gas reduction, and other environmental benefits. Ultimately, the project seeks to help companies participating in CBARN gain a competitive advantage through the development of new and more efficient products, processes and services compared to their national and international competitors. These industry-driven projects would be commercially viable and lead to increased economic activity, including circular economy outcomes.

Additional details related to CBARN and the application process can be found at https://cbarn.webflow.io/.

Leave a Comment