Bioindustrial Innovation Canada (BIC) Invests $1-Million in GreenMantra Technologies

Bioindustrial Innovation Canada (BIC) is a nationally focused not-for-profit business accelerator that provides critical strategic investment, advice and services to business developers of clean, green and sustainable technologies. In 2015, BIC established the Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) initiative, which acts as a hub for the commercialization of sustainable chemistry and bio-based innovation.

With support from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), BIC has continued its mission to support business developers with clean, green and sustainable technologies as part of Canada’s ongoing carbon reduction efforts.

As part of this initiative, BIC has continued its work to assist GreenMantra with the company’s growth plans with a $1-million contribution, which represents the first of BIC’s new scaling investments with support from FedDev Ontario. Along with this investment, BIC has an ongoing project with GreenMantra to continue a path of continuous improvement and optimization of operations. BIC personnel with extensive chemical processing experience are working in close collaboration with the GreenMantra production team on this project.


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