Bioindustrial Innovation Canada (BIC) is a not-for-profit business accelerator based in Sarnia, Ontario, Canada. Established in 2008 with a $30 M in total funding ($15 M from the National Centres of Excellence’s (NCE) Centre of Excellence for Commercialization and Research (CECR) program, $10 M from the Government of Ontario’s Ministry of Research and Innovation and $5 M from the County of Lambton Community Development Corporation (CLCDC).
In 2015, BIC expanded its current business model and accelerator capability with the launch of the $27 M Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) through a $12 M contribution from Fed Dev’s Investing in Regional Diversification (IRD) Program under the Economic Action Plan 2013, a $3 M grant from the Province of Ontario and a minimum $12 M in matching contributions from BIC, its partners and COMM SCI commercialization projects.
BIC is focused on enabling Ontario and Canada to become a global leader in converting renewable resources, such as agricultural and forestry by-products and residues, into value-added bioenergy, biofuel, biochemical and biomaterials for use in a wide range of commercial applications along the chemistry value chain to advanced manufacturing (autos and aerospace).
BIC initially worked with Sarnia-Lambton to become North America’s leading manufacturing region for industrial bioproducts. This is being accomplished by companies working together in an emerging Hybrid Chemistry Cluster. BIC has played a critical role in attracting anchor companies such as BioAmber and Origin Materials to the region, which form key assets in the cluster's chemistry value chain. These anchor companies in Sarnia-Lambton has attracted significant follow-on investment.
BIC invests in early stage companies who develop clean, green and sustainable technologies. BIC’s proven approach of support for clean, green and sustainable chemistry-based companies offers an ideal platform for the investment necessary to advance hybrid chemistry value chains, providing not only local business development and job benefits, but access to global markets. The BIC method offers the critical advantage of reducing the time to successful commercialization of disruptive technologies which can mitigate climate change by reducing greenhouse gas emissions through their novel products and processes
VISION & MISSION
BIC has expanded its current business support model and accelerator facility to launch COMM SCI. COMM SCI will be a hub for commercialization of sustainable chemistry and bio-based innovation, providing business and technical support to participating SMEs. COMM SCI services will offer participating companies expert training, mentorship, and access to risk capital for technology demonstration and scale-up.
At BIC we have the funding to support organizations and attract new ones to build out the cluster based on experiences in the past. Currently we have 27 organizations in our portfolio right now, and we hope to see that double in the future. Overall, as a hybrid cluster, we are not trying to replace the chemical companies, we are simply trying to leverage off them and grow.
Since 2008, BIC has developed a successful foundation by working nationally and internationally with multiple and diverse stakeholders in both industry and government to accelerate the development and commercialization of bio-based and sustainable chemistry based products – including the development of Canada’s first manufacturing and technology hybrid cluster in heart of Canada’s largest petrochemical cluster and the Southwestern Ontario agricultural community. By building on its track record and operating model, BIC is well positioned to deliver on a coordinated “customer” focused approach for the development of clean, green and sustainable technologies
supporting a low carbon economy.
BIC has proven that it can create jobs and economic value sustainably for Canada.
BIC currently has MOU's with. . .
BIC has signed Memorandum of Understanding (MOU) agreements with SPRING in Italy, Biobased Delta in the Netherlands; VITO in Belgium and Life Sciences Queensland in Australia. All partners are focused on creating a strong program on cluster development in their region and country, but with the knowledge that creating a stronger relationship between our organizations and countries with respect to building the bio economy at home and internationally is a key ingredient.