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27 Jul 2016

New funding aimed at growing Alberta’s bioeconomy

Author: AITF Staff  /  Categories: Food and Fibre, Corporate  / 

Alberta Innovates - Bio Solutions (AI-Bio) has approved nearly $13 million in funding for 61 projects by researchers and companies. The grants are for the development of new industrial bioproducts or technologies using Alberta agriculture and forestry byproducts or other biomass.

The funding is provided under the Alberta Bio Future research and innovation program, the province's flagship bioindustrial initiative. It is aimed at diversifying and strengthening the provincial economy by adding value to Alberta's renewable resources.

The funding annoucement was made on July 27 at Alberta Innovates - Technology Futures' (AITF) Edmonton facility in its cellulose nanocrystals (CNC) pilot plant, where stakeholders from government, academia, and industry were invited to take part.


 
Left: Alberta Minister of Economic Development and Trade Deron Bilous (L) made the announcement alongside (from second
-from-L to R) Alberta Innovates transition CEO Pam Valentine, AI-Bio CEO Steve Price, BioFoam Inc. CEO Mike Kennedy,
and University of Calgary Associate Professor of Physical Chemistry Belinda Heyne. Right: AITF Biomass Conversion and
Processing Team Lead Benji Ahvazi (R) explains cellulose nanocrystals (CNC) to the Minister (L).

"The economy of the next 30 years is going to be very different than the economy of the past 30 years, and Alberta's innovators are leading the way in finding solutions to future challenges and capitalizing on future opportunities," said Alberta Economic Development and Trade Minister Deron Bilous. "Using renewable materials in fascinating new ways, they are helping to diversify our economy and keep our province competitive."

Read the full release.

Read more from the Edmonton Journal.

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