BROCKVILLE, ONTARIO – Based in Sarnia-Lambton, Bioindustrial Innovation Canada (BIC) is a not-for-profit business accelerator that provides critical strategic investment, advice and services to business developers of clean, green and sustainable technologies.
Today, BIC celebrated the official opening of the new regional office in Brockville Ontario. With a recent contribution from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), BIC has developed the Ontario Bioindustrial Innovation Network (OBIN). OBIN will continue to support the growth of the Hybrid Chemistry Cluster in Sarnia- Lambton and to enable to launch a new Sustainable Chemistry Cluster in the Eastern Ontario St. Lawrence Corridor region centred around Brockville and Maitland. BIC will offer its services for the Ontario Bioindustrial Innovation Network from this new location.
Attending the opening ceremony were senior representatives from BIC, Kate Young, Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedDev Ontario), local representatives from the St. Lawrence Corridor Economic Development Commission (SLCEDC) as well as local representatives from industry, academia and municipal government from the surrounding townships.
On February 13, the Honourable Mélanie Joly, Minister of Economic Development and Official Languages, visited BIC’s Sarnia location and announced $15 million to create a new sustainable chemistry hub to help 150 innovative clean tech companies scale up and grow and create and maintain 700 jobs in southern Ontario.
“The investment in BIC is allowing it to expand its reach to Eastern Ontario, which will help bring businesses to this area, and create a regional sustainable chemistry cluster here with the potential to grow, create jobs, and diversify local economies, while helping to bring new, green technologies to the world. Not only is this great news for Eastern Ontario, but this project will have positive impacts on the sustainable chemistry and clean tech sectors across the province: giving companies access to two diverse cluster sites with a wider range of expertise and
Kate Young, Parliamentary Secretary to the Minister of Economic Development and Official Languages (FedDev Ontario)
“We are incredibly happy to open this new BIC office in Brockville. We are excited to see the future development of a second hybrid chemistry cluster that will create jobs, support innovative companies in sustainable chemistry and clean technologies to overcome setbacks to
A.J. (Sandy) Marshall, Executive Director of Bioindustrial Innovation Canada (BIC)
About Bioindustrial Innovation Canada:
Creating jobs and economic value sustainably for Canada is the vision driven by Bioindustrial Innovation Canada (BIC). With support from the Government of Canada, BIC is a not-for-profit business accelerator for sustainable chemistry, who has created a successful foundation to support an emerging hybrid chemistry cluster in Sarnia-Lambton, and Brockville Ontario. BIC sees the future development and expansion of the bioeconomy in southwestern Ontario, which can grow alongside traditional petrochemical industries.
BIC further focuses on critical strategic capital investment in SMEs with compelling business plans where innovation in science and engineering can bring about major advances in sustainable chemistry. Sustainable chemistry is playing an important role in the development of solutions to the impacts of climate change, peak oil, energy security, the need for safe water, and the use of scarce natural resources. The increasing global demand for green and safer products offers the opportunity to create thousands of new jobs for Canadians. BIC’s proven approach 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 regional economic development and job benefits, but access to global markets.