The Ontario BioAuto Council Investment Fund is a $5-million fund that targets commercialization and market development of biomaterials destined for Ontario’s automotive sector.
BioAuto Investment Fund projects are expected to commercialize bio-based materials. This could include incorporating existing market-ready bio-based materials into Ontario-made products, application projects and new material concepts. Commercialization must be illustrated through product sales or buyer commitment at the end of the project.
Commercialization is expected before March 31, 2010.
Projects that involve only proof of concept research will not be funded.
Projects that do not involve a renewable feedstock will not be funded.
Bio-fuel technologies are not eligible, though projects which involve the use of byproducts from bio-fuel production to produce other biomaterials will be welcomed.