Bioindustrial Innovation Canada

What is Bioindustrial Innovation Canada?

Bioindustrial Innovation Canada (BIC) is a venture capital fund focused on helping to build a Canadian bioeconomy, emphasizing the development of sustainable and green technologies. Founded in 2008 and headquartered at 1086 Modeland Road, Sarnia, Ontario, BIC offers strategic investments, advice, and services, fostering the growth and commercialization of clean, green, and sustainable technologies.

They specialize in equity investments and are versed in stages such as seed, startup, and early-stage ventures.

BIC aims to support the transition towards a sustainable, net-zero carbon economy. Their track record includes more than 32 strategic and critical early-stage investments, creation of over 5,800 jobs, and a reduction of over one million tons of CO2 emissions by their portfolio companies, which has leveraged $400 million in third-party investment.

Industries that BIC invests in include Energy, CleanTech, and Material Science. BIC's work is extensive and diverse, which includes various initiatives such as COMM SCI, AgSci, BQNC, and BDO Zones, all aiming to spur innovation and economic value within Canada's bioeconomy sector.

They continuously work with burgeoning companies, offering an established process for collaboration and providing opportunities for mutual growth. Part of their mission involves commercializing new, eco-friendly technologies as demonstrated by their support of companies like FireRein, which developed a non-toxic firefighting gel, and GreenMantra, which specializes in molecular recycling of plastics.