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 Post subject: Cleantech firm Vive Nano wins Ontario funding
PostPosted: November 23rd, 2009, 7:04 pm 
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Cleantech firm Vive Nano wins Ontario funding
Posted: November 23, 2009, 8:46 PM by Alia McMullen
Green business, Ontario

Vive Nano, one of Corporate Knight�s Next 10 companies mentioned in Monday�s Financial Post article on emerging clean technology businesses, has been awarded almost $3.8-million in investment from the Ontario government.

The Ontario Ministry of Research and Innovation announced Monday it would provide funding for the Toronto-based nanotechnology company using its Innovation Demonstration Fund to help the company build a pilot plant, refine its processes and come to full production levels. Vive Nano expects to create 19 new high-skill jobs over the next two years, including positions for chemists, technicians, engineers, project managers and a controller.

�Some of today�s most exciting scientific breakthroughs and commercial innovations are happening in the field of nanotechnology,� said John Milloy, Ontario�s minister of Research and Innovation. �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.�

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.

Keith Thomas, president and chief executive of Vive Nano said the company had a �game-changing� nanomaterials process that is environmentally friendly and solves major problems for 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,� he said.

Alia McMullen

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