Vive Nano: Toronto company funded

Congrats to MaRS client, Vive Nano, the recipient of nearly $3.8 million from the Ontario government! The Toronto-based company uses an environmentally friendly process to create nanotechnology-based products.

The investment, issued through the Innovation Demonstration Fund, will help Vive Nano build a pilot plant to expand R&D and increase production. The plant is expected to create 19 new jobs for chemists, technicians and engineers over the next two years.

Vive Nano’s first application is crop protection. The technology is used to reformulate pesticides, increasing the effectiveness of the active ingredient.  The end result is that farmers use less pesticide, thereby reducing environmental impact.  The company also uses nanotechnology to develop more efficient catalysts, with future products expected to influence development of other green technologies including biofuels and environmental remediation.

The Innovation Demonstration Fund, administered by the Ministry of Research and Innovation, funds the commercialization and pilot/demonstration of innovative green technologies, processes or products.  The fund has made investments in 12 cleantech companies.

Congratulations Vive Nano!

Find out more:

• Vive Nano
• Vive Nano Creating Jobs in Toronto
• Ontario Innovation Demonstration Fund

Related Blogs

 

Congratulations Deloitte Technology Fast 50™ winners!
Wednesday night, the Deloitte Technology Fast 50™ recognized some of Canada’s most innovative, promising and environmentally conscious high-growth companies. Among the celebrated were clients

TiE one on: MaRS clients stand out at TiEQuest awards
Monday night (April 18), the 2011 TiEQuest awards were held at the Toronto Board of Trade. And two MaRS clients were major winners! Congrats to RNA Diagnostics and NIMTech for their amazing performan

Xerox nominated for the Manning Innovation Awards
There are currently 800 trillion pages of printed information shared every year across the globe. Dr. Hadi Mahabadi, VP of the Xerox Research Centre of Canada (XRCC), sees his role in this explosion

One step closer to better chemo for cancer
Congratulations to MaRS client RNA Diagnostics Inc., winners of the 2010 sanofi pasteur Healthcare and Biotechnology Venture Challenge (HBVC)! Rna Diagnostics’ product target is called RNA Disr

Will you be the next on the list of the Deloitte Fast 50™?
Leadership. Innovation. Excellence. Qualities the Deloitte Technology Fast 50™ is looking for. Our clients and other start-ups in this community have often come up in the winner’s circle for

GreenHeroes: Saving the planet, one story at a time
Think helping companies move to a new low-carbon economy makes a green hero? We do! We’re honored that our very own Tom Rand has been nominated for a GreenHeroes Award by inspiring business to

Tags: Advanced Materials and Engineering, awards & competitions, cleantech, clients, nanotechnology, vive