Title:
Marketing and Sales for Early Adopters of Genecis’ technology.
Agreement Value:
$30,000.00
Agreement Date:
Sep 1, 2019 - Aug 31, 2020
Description:
Genecis uses bacteria to make premium materials affordable. Our first product line is a biodegradable plastic resin known as PHA (polyhydroxyalkanoates) used for high-end applications, like 3D printing filaments. Our proprietary technology reduces the PHA resin production costs by 40% by offsetting feedstock cost, lowering the barrier for plastic manufacturers to create healthy and affordable products.
To date, Genecis has scaled up to pilot scale, and cultivated bacteria which has conversion rates that exceeds standard paid feedstocks used by traditional PHA manufacturers. The objective of this project is to hire a Sales Manager to secure our initial licensing and purchase orders, and develop strong relationships with early adopters.
Organization:
National Research Council Canada
Expected Results:
The purpose of IRAP’s Youth Employment Program is to assist in increasing the supply of highly qualified people, promoting the benefits of advanced studies, demonstrating federal leadership by investing in the skills required to meet the needs of the knowledge economy and facilitating the transition of highly skilled young people to a rapidly changing labour market.
Location:
Scarborough, Ontario, CA M1E 2K4
Reference Number:
172-2019-2020-Q2-933885
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
748226693
Recipient Type:
For-profit organization
Additional Information:
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 31 days.
Amendment Date
Jun 29, 2020
Recipient's Legal Name:
Genecis Bioindustries Inc.
Federal Riding Name:
Scarborough--Rouge Park
Federal Riding Number:
35097
Program:
Industrial Research Assistance Program – Youth Employment Program
Program Purpose:
The purpose of IRAP’s Youth Employment Program is to assist in increasing the supply of highly qualified people, promoting the benefits of advanced studies, demonstrating federal leadership by investing in the skills required to meet the needs of the knowledge economy and facilitating the transition of highly skilled young people to a rapidly changing labour market.
Coverage:
IRAP Youth Employment Program projects stimulate wealth creation for Canada through technological innovation.