Government of Canada supports growing biotechnology cluster in Cape Breton

Backgrounder

April 8, 2021 · Sydney, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)

Today, Mike Kelloway, Member of Parliament for Cape Breton-Canso, and Jaime Battiste, Member of Parliament for Sydney-Victoria, announced a total of $2,214,302 to support the growth of the emerging biotechnology sector in Cape Breton. The announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages.  

  • Reazent Inc. is receiving a $403,050 repayable contribution to further develop and commercialize its patented organic fertilizers and pesticides to improve crop health and yields. This project will create up to five jobs.
  • Alter Biota Inc. is receiving a $400,531 repayable contribution to commercialize its low-cost, high-performance, concrete strengthener. This project will create up to six jobs.
  • Phycus Biotechnologies Inc. is receiving a $400,000 repayable contribution to produce a plant-based commercial-scale ingredient for skin care products, providing an alternative to crude oil-based ingredients. This project will create up to six jobs
  • Kraken Sense is receiving a $315,000 repayable contribution to commercialize its innovative device that can detect bacteria in food and beverage products in real-time. This project will create up to eight jobs.
  • The Verschuren Centre is receiving a $695,721 non-repayable contribution to obtain specialized research and development equipment that will enable its business tenants to pilot and grow their clean technology innovations and proofs of concept. This project will create up to eight jobs.

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Contacts

Catherine Mounier-Desrochers
Press Secretary
Office of the Minister of Economic Development and Official Languages
Catherine.Mounier-Desrochers@canada.ca

Chris Brooks
Communications Director, Nova Scotia
Atlantic Canada Opportunities Agency
902-830-3839
Chris.Brooks@canada.ca

Gary Andrea
Nova Scotia Department of Inclusive Economic Growth
902-456-6196
gary.andrea@novascotia.ca

Mark Masotti
CEO
Alter Biota
mark.masotti@alterbiota.com

Sumit Verma
CEO
Reazent Inc.
sumit.verma@reazent.com

Beth Mason
CEO
Verschuren Centre
902-563-1182
Beth_mason@cbu.ca

Vik Pandit
CEO
Phycus Biotechnologies Inc.
647-885-7768
pandit@phycusbio.com

Nisha Sarveswaran
CEO
Kraken Sense
info@krakensense.com

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