THE ONTARIO BIOINDUSTRIAL INNOVATION NETWORK (OBIN)
With a $15M contribution from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), BIC has developed the Ontario Bioindustrial Innovation Network (OBIN).
With Government of Canada support through FedDev Ontario, OBIN will continue to foster the growth of the Hybrid Chemistry Cluster in Sarnia-Lambton and help drive the launch of a new Sustainable Chemistry Cluster in Eastern Ontario St. Lawrence Corridor region centered around Brockville and Maitland. BIC will offer its services for the Ontario Bioindustrial Innovation Network from this new location.
BIC's OBIN will deliver results through three fundamental ways:
Support the continued growth of the established Hybrid Chemistry Cluster in Sarnia-Lambton and launch a new Sustainable Chemistry Cluster in the Eastern Ontario.
BIC will use its funding to provide investment, advice, services, knowledge and experience regionally to develop high performing clusters that build clean technology companies that generate jobs, create economic value and support the transition towards a sustainable, net-zero carbon economy.
This will include utilizing the Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) projects and investments as tools for growth.
Build stronger hybrid chemistry value chains in Southern Ontario by identifying and addressing value chain gaps.
BIC will accelerate clean economic growth and support competitive technology companies to grow in southern and eastern Ontario by building robust raw material supply chains, by leveraging regional and global partners along the value chain to strengthen market pull and by removing barriers to commercialization through COMM SCI projects.
Support emerging competitive technology companies to grow to global scale and become world-class players by providing larger COMM SCI investments (up to $1 million) with matching investments (minimum of $4 million) from venture capital partners.