Vive Nano of Canada Receives $3.8M in Funding from Ontario Government
Company secures investment from Ontario's Ministry of Research and Innovation
Toronto-based Vive Nano has created eco-friendly, water-dispersable nanomaterials that can be utilized in products for the catalyst and crop production industries. The company also works with partners on developing the novel nanomaterials for other industries. Vive Nano will allot the government funds towards building a pilot plant and gain production status. Over the next two years, Vive Nano will bring 19 new highly-skilled jobs to the region. "Some of today’s most exciting scientific breakthroughs and commercial innovations are happening in the field of nanotechnology...We’re proud to help emerging companies like Vive Nano bring their technology to market, so that they can create jobs and seize what is already a multi-billion dollar global market opportunity," notes John Milloy, Minister of Research and Innovation, in the release.