| Posted: November 23, 2009 |
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Ontario Government Provides Funding for Nanotechnology Company
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(Nanowerk News) Ontario is supporting the development of breakthrough technology that will help create jobs and protect the environment.
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The province is supporting Toronto-based Vive Nano, an award-winning company that has developed an environmentally-friendly process for creating products and materials using nanotechnology. Ontario is investing almost $3.8 million through the Innovation Demonstration Fund to help the company build a pilot plant, refine its processes and come to full production levels.
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The company expects to create 19 new high-skill jobs over the next two years, including chemists, technicians, engineers, project managers and a controller.
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The province's investment supports Ontario's Innovation Agenda, the McGuinty government's plan to make innovation a driving force of Ontario's economy.
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