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- Innovate BC invests $1.5 million into five R&D projects
Innovate BC invests $1.5 million into five R&D projects
Each of the companies were recognized for their commercial and technical viability, and potential to be market-ready within three years.
Lisa Tanh
November 29, 2024
(L - R) Dr. Shaun Barker, associate professor at SFU and Gary Agnew, co-founder of Ideon Technologies, Dr. Anthony Marotta, chief executive and scientific officer at Peqish Group, Oscar Malpica, CEO of Rockburst Technologies and a lab technician, Dr. Macarena Cataldo-Hernandez, co-founder of Viridis Research, and a vile of fluid related to Geno10X’s rapid diagnostic tests. Photo: Innovate BC.
Five B.C. startups have received $300,000 each for their R&D projects. Each venture focuses on equipping various industries to address critical challenges, such as enhancing healthcare accessibility and reducing greenhouse-gas emissions in mining, while also boosting the province’s competitiveness and creating more jobs.
The funding was awarded by crown agency Innovate BC as part of its Ignite program, which is designed to support projects in natural resources, applied science, and engineering. The companies were selected based on their commercial and technical viability, as well as their potential to be market-ready within three years. To qualify for the funding, the projects had to be implemented by teams led by both academic and industry experts.
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