Kingston, ON – Ontario’s provincial government is providing $13.6 million in funding for the GreenCentre Canada, located at Queen’s University in Kingston. The $71-million centre, which was established in February, is operated by PARTEQ Innovations, and will connect green chemistry discoveries in Ontario universities with companies to develop alternatives to toxic chemicals and get them to the marketplace faster.
It will also provide commercialization services to promising early-stage green chemistry innovations, and offer one-stop access to help in testing and piloting new discoveries. The goal is to transform green chemistry research breakthroughs into clean, sustainable products and processes.
“We are very pleased to receive this significant support from the Ontario government for the work of GreenCentre Canada, and what it represents as a highly promising new model for technology commercialization for the 21st century,” says John P Molloy, president and CEO of PARTEQ Innovations.
It is expected that in its first five years of operation, GreenCentre will commercialize a total of 50 green chemistry technologies, execute 10 license agreements with companies and create six start-up companies. In total, about 250 high-value jobs will be both retained and created during that time. More information on the centre is available at www.greencentrecanada.com.