Bioindustrial Innovation Canada (BIC) teams up with an economic development agency in Quebec

NEWS RELEASE - French Version Available Here SARNIA, ONT - Bioindustrial Innovation Canada (BIC), a national not-for-profit organization based in Sarnia, Ontario, with a goal to help Canada become a globally recognized leader in the field of sustainable technologies and Innovation et Développement économique Trois-Riviéres (IDETR), an economic development agency incorporated under the laws of Quebec, have signed a Memorandum of Understanding.

BIC provides critical investment, advice and services to early stage companies with clean, green and sustainable technologies. BIC is funded by federal government agencies with matching support from the provinces.

IDETR is a provincially funded economic development agency with a mission to help business leaders successfully implement their projects in Trois-Riviéres.

BIC and IDETR recognize that they share a mandate and priority to provide services to early stage, Canadian companies developing sustainable, chemistry-based technologies.

Together, BIC and IDETR offer an enhanced, integrated services package to small-medium enterprises (SME) clients and enable them to accelerate commercialization within this regional hybrid chemistry cluster.

The Memorandum of Understanding (MOU) – with immediate effect – was signed by BIC’s Executive Director, A.J. (Sandy) Marshall and IDETR’s Executive Director, Mario De Tilly, in Quebec.

The goals of this partnership are to develop greater business relationships between their respective networks, work together to support and fund the development of a hybrid chemistry cluster in the Trois Riviéres and Bécancour region and jointly promote each other’s activities to federal and provincial funding agencies.

“From the first visit to the region in 2017, we recognized that the Trois Riviéres and Bécancour region had a real opportunity to develop a strong hybrid chemistry cluster. We look forward to working together to establish a Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) which can support early stage companies to successfully commercialize within Quebec,” says A.J. (Sandy) Marshall.

"In recent years, BIC has helped position the City of Sarnia as an international leader in environmental technologies, a niche that is currently emerging in both Trois-Rivières and Bécancour. This new partnership will help take our regional ecosystem to another level," says Mario De Tilly, Executive Director of IDE Trois-Rivières.

For more information please contact:

A.J. (Sandy) Marshall Executive Director Bioindustrial Innovation Canada Email: [email protected]

About Innovation et Développement économique Trois-Riviéres (IDETR):

Innovation et Développement économique Trois-Rivières is a paramunicipal organization mandated by the City of Trois-Rivières and the City of Bécancour to support economic development in both areas. It has a team of 10 professionals specifically dedicated to supporting business ventures, whether they be start-up, expansion or implementation projects. The organization also manages a real estate portfolio that includes technological buildings, such as the Technocentre, which provides specialized services and equipment to companies in the bioindustrial sector.

About Bioindustrial Innovation Canada (BIC):

Bioindustrial Innovation Canada (BIC) is a nationally focused not-for-profit organization based in Sarnia, Ontario. The Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) acts as a hub for the commercialization of sustainable chemistry and bio-based innovation, providing businesses and technical support to participating small- and medium-sized enterprises (SMEs) in southern Ontario. COMM SCI was established with support from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and additional support from the Ontario Ministry of Economic Development, Job Creation and Trade. BIC creates jobs and economic value sustainably for Canada. We provide critical strategic investment, advice and services to business developers of clean, green and sustainable technologies. Our expertise in commercialization builds a stronger Canada.

For more information visit: [email protected] Twitter: @BICSarnia