Innovate BC has awarded $944,600 through its Ignite program.
“Congratulations to the winners of the 2018 Ignite Awards. The hard work and innovation that goes into these projects has the potential to make a real difference in the lives of the people,” said Bruce Ralston, Minister of Jobs, Trade and Technology. “The Ignite awards are crucial because they foster research and collaboration that help advance the natural resource and applied sciences sectors in BC, which help to grow our strong provincial economy.”
The Ignite program provides funding to research projects to assist with commercialization. The projects cover a range of industries, including cleantech, transportation, agriculture, and biotech.
A total of $3 million is being contributed to the four projects with Innovate BC’s Ignite cost-shared funding model. Innovate BC Ignite requires applicants to leverage award funds at a ratio of two matching dollars to every Innovate BC Ignite dollar. The Ignite Program is funded by the Natural Resources and Applied Sciences (NRAS) Endowment Fund.
More than $14 million, including leveraged funds, has been contributed to Ignite projects to date.
The companies include: