Vive Nano Shows Us How Creative Fund Raising Is Done
Now, there's no question for me that this will change. For example, it's pretty clear that in Canada, 2010 will be the year local funds begin to re-emerge. But while we wait, growth belongs to those who understnad and act opportunistically to can secure their piece of the local capital pie.
Which leads me to our client, Vive Nano. Yesterday the Ontario Government announced an award of $3.8 million to Vive from the Government's Innovation Demonstration Fund. Proceeds will be used to build a pilot production plant for its nanomaterials. Vive Nano's first product reformulates pesticides so that farmers can better protect their crops while using less chemicals, resulting in reduced emissions and less chemical run-off. Other nanotechnology applications are expected to lead to significant advances in wastewater treatment, fuel cells, biofuels and solar cells.
Congratulations to the Vive team. Watch this space for further developments in government funding as we roll into 2010 - 2011.