Canada’s Leading Bioeconomy Organization
Building world-class companies and delivering economic value for Canada, sustainably.
Founded in 2008, Bioindustrial Innovation Canada provides critical strategic investment, advice and services to business developers of clean, green and sustainable technologies. Our expertise in commercialization builds a stronger Canada.
We pursue our mission by investing in emerging companies that are commercializing technology which supports the transition towards a sustainable, net-zero carbon economy.
Our Proven Track Record
32
strategic & critical early stage investments.
5,800+
jobs created.
1 Mt +
reduction of CO2 by BIC portfolio companies.
$400M
leveraged in third-party investment.
The Latest News
Canada is in a pivotal period in our economic history. Global shifts in trade, energy, and geopolitics—alongside rising concerns around productivity and economic competitiveness—demand bold action and strategic investment. Canada is poised to weather this global economic shift and well positioned with our unique assets to become a preferred global partner.
Canada is in a pivotal period in our economic history. Global shifts in trade, energy, and geopolitics—alongside rising concerns around productivity and economic competitiveness—demand bold action and strategic investment. Canada is poised to weather this global economic shift and well positioned with our unique assets to become a preferred global partner.
Napanee, Ontario-based FireRein Inc. has introduced a groundbreaking approach to firefighting with its bio-based water additive to displace surfactant foams. Made entirely from 100% food-grade ingredients, FireRein’s Eco-Gel™ offers a non-toxic, environmentally friendly, and PFAS-free (perfluoroalkyl and polyfluoroalkyl substances) alternative to traditional firefighting additives.
Bioindustrial Innovation Canada (BIC) was first introduced to Evercloak in 2022 as an advanced materials innovation spin-out from the University of Waterloo. BIC’s introduction to Evercloak was at the request of a national venture capital investor looking for technical due diligence support.
GreenMantra is a leader in producing value-added polymer additives and other offsets to fossil-derived chemicals from recycled plastics. It is the first company in the world to commercialize molecular recycling of post-consumer and post-industrial plastics to high-value additives. To date, GreenMantra has successfully commercialized various grades of synthetic waxes derived from multiple polymer additives that meet specific performance requirements for application across a wide range of industrial applications.
Bioindustrial Innovation Canada, a leader in supporting the commercialization of clean, green, and sustainable technologies, is pleased to announce the appointment of Rose Marie Gage as the new Chair of the Bioindustrial Innovation Canada (BIC) and Sustainable Chemistry Alliance (SCA) Boards. BIC also extends its gratitude to outgoing Chair, Jean Hamel, for his dedicated service to BIC, SCA and the greater bioeconomy ecosystem.
In 2018, e-Zinc demonstrated through a Sustainable Development Technology Canada (SDTC) project that a 50-watt air-zinc battery could act as long-term storage for solar energy. e-Zinc was looking to scale the technology to a 100-watt cell and improve its system.
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