Corruven Canada Inc. Receives Federal Funds to Research and Design Green Technology

Backgrounder

Corruven Canada Inc. - Saint-Basile, NB
ACOA assistance: $2,000,000 (AIF conditionally-repayable)
Other Federal Funding: $2,475,000 (NRCan IFIT Program)
Proponent Funding:  $2,025,000
Total Project Costs: $6,500,000 

Corruven Canada Inc. manufactures high performance corrugated wood products for packaging, furniture, architectural, and building materials. The company developed the Corruven® technology which combines wood’s natural strengths, green chemistry, and a corrugated shape to create innovative products. The company’s main facility is located in Saint-Basile, NB.

Through this project, Corruven Canada will research, design, and build the first industrial scale corrugating line that can create corrugated wood products from veneer rejects. The main activities include developing a new press line and research on advanced wood processing.

 The project will enable the company to grow its research activities and to strengthen its position as a leader in wood product innovation. In addition, it will enable the company to develop new markets for its packaging and bed platform products in Canada and the US. The project will lead to the immediate creation of 10 new jobs with the possibility of 14 additional jobs depending on the success of the project.

ACOA’s Innovation Programming 

ACOA’s innovation programming, which includes the Atlantic Innovation Fund and the Business Development Program, responds to the evolving needs of Atlantic businesses and researchers. It is designed to help bring to market new products, technologies and services that will improve the competitiveness and productivity of the Atlantic economy. These programs also provide support to small and medium-sized enterprises across the region to acquire or adapt innovative technologies that can improve their productivity and competitiveness, while also enabling them to build the skills they need to innovate and compete in today’s global economy. 

Since January 2016, the Government of Canada through ACOA, has announced investments of over

$21 million for 11 innovation and R&D projects in the Atlantic region. New investments totaling up to $16.8 million will be announced over the coming weeks, bringing ACOA’s total investments for innovation projects in 2016 to over $38 million. 

Investing in Innovation in Atlantic Canada 

AIF investments since January 2016 

Province

Organization

ACOA Investment

Newfoundland and Labrador

 

C-CORE

$3,000,000

 

Quorum Information Systems Inc. (NL)

$1,076,067

 

Canatec Associates International Ltd. (NL)

$853,127

Nova Scotia

 

 

 

Cape Breton University’s Verschuren Centre

$1,161,710

 

QRA Consulting Inc. 

$2,994,928

 

St. Francis Xavier University 

$1,853,447

 

Mara Renewables Corporation   

$3,000,000

 

GeoSpectrum Technologies Incorporated 

$1,900,000

Prince Edward Island 

 

 

 

Aspin Kemp and Associates Holding Corporation

$2,938,201

New Brunswick 

 

 

 

Jiffy Products (N.B.) Ltd

$906,750

 

Corruven Canada

$2,000,000

Totals

11 Projects

$21,684,230

 

 

 


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