News Release
For Immediate Release
November 23, 2009
Vive Nano Creating Jobs In Toronto
McGuinty Government Gives Cleantech Company A Boost
NEWS
Ontario is supporting the development of breakthrough technology that will help create jobs and protect the environment.
The province is supporting Toronto-based Vive Nano, an award-winning company that has developed an environmentally-friendly process for creating products and materials using nanotechnology. Ontario is investing almost $3.8 million through the Innovation Demonstration Fund to help the company build a pilot plant, refine its processes and come to full production levels. The company expects to create 19 new high-skill jobs over the next two years, including chemists, technicians, engineers, project managers and a controller.
The province’s investment supports Ontario’s Innovation Agenda, the McGuinty government’s plan to make innovation a driving force of Ontario’s economy.
QUOTES
“When it comes to research and innovation, Ontario means business. Some of today’s most exciting scientific breakthroughs and commercial innovations are happening in the field of nanotechnology. That’s why 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.”
— Minister of Research and Innovation John Milloy
“Vive Nano is one more example of the many innovative, research-intensive companies that are succeeding right now in Toronto and all across Ontario. I’m proud to be part of a government that is committed to supporting innovative people and companies, and the work that they are doing to build a strong economy and create the jobs of the future.”
— George Smitherman, MPP, Toronto Centre
“Ontario is serious about being in the innovation game. Vive Nano has a game-changing nanomaterials process that solves major problems for our global customers including cost, quality, and complexity. I cannot think of a better fit, or a better place to grow this knowledge-based company than Ontario.”
— Keith Thomas, President and CEO, Vive Nano
QUICK FACTS
- Each year, the total global investment in nanotechnology is an estimated $13.9 billion.
- US National Science Foundation has estimated that two million workers will be needed to support nanotechnology industries worldwide within 15 years.
- Vive Nano’s first product reformulates pesticides so that farmers can better protect their crops while using less chemicals, resulting in reduced emissions and less chemical run-off.
- Other nanotechnology applications are expected to lead to significant advances in wastewater treatment, fuel cells, biofuels and solar cells.
LEARN MORE
About Support For Emerging Technology Companies
About Ontario’s Innovation Agenda
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