Loyalist College’s Centre for Natural Products and Medical Cannabis is using its expertise to help five companies grow and develop their technologies and products through GreenCentre Canada’s CONNECT program.
“As Loyalist College looks to augment our industry aligned programming and applied research offerings in the Bio Economy, this CONNECT funding enables us to strategically support these companies in bringing sustainable products and processes to market,” Dr. Ann Marie Vaughan, president and CEO of Loyalist College, said in a media release Wednesday.
“I would like to thank GreenCentre Canada for their continued support which empowers the college to enhance applied research opportunities for industry partners within our Centre for Natural Products and Medical Cannabis while providing our students with remarkable work-integrated learning experiences,” Dr. Vaughan said.
Companies developing new sustainable technologies in the bio-products sector can benefit greatly from external commercial and technical services. However, identifying and funding these services can be a challenge.
GreenCentre’s CONNECT program provides the opportunity and the funding for SMEs (small and medium-sized enterprises) to work with Canadian service providers, such as Loyalist’s Centre for Natural Products and Medical Cannabis, to accelerate the development of their bio-based products or services.
“The CONNECT program is an all-around success story for the Canadian bio-economy. An immediate benefit is to provide SMEs with expert resources such as those found at Loyalist’s Centre for Natural Products and Medical Cannabis. Long term, the program keeps the value of these development services as well as the SME’s intellectual property in Canada,” said Dr. Andrew Pasternak, executive director of GreenCentre Canada.
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