Grants and Contributions:
Title:
Continuous process for glycolic acid synthesis
Agreement Number:
1038361
Agreement Value:
$645,300.00
Agreement Date:
Jan 5, 2026 - Nov 30, 2027
Description:
Phycus Biotechnologies will develop and validate a next generation fermentation process for the sustainable production of glycolic acid—replacing petrochemical methods with a lower-cost, renewable alternative. The project integrates microbial engineering, process modelling, and pilot-scale demonstration to achieve higher productivity, improved strain stability, and further reduction in costs of goods.
Organization:
National Research Council Canada
Expected Results:
The expected results and outcomes of NRC Industrial Research Assistance Program is focused on growing small and medium-sized enterprises (SMEs) through innovation and wealth creation for Canada.
Location:
Richmond Hill, Ontario, CA L4S 1E6
Reference Number:
172-2025-2026-Q4-1038361
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
710261496
Recipient Type:
For-profit organization
Recipient's Legal Name:
Phycus Biotechnologies Inc.
Federal Riding Name:
Aurora--Oak Ridges--Richmond Hill
Federal Riding Number:
35003
Program:
Industrial Research Assistance Program
Program Purpose:
The purpose of Industrial Research Assistance Program Contributions to Firms is to provide support that assists small and medium-sized enterprises (SMEs) to advance their innovation knowledge and ability to innovate, grow through innovation and stimulate wealth creation for Canada.
Coverage:
Industrial Research Assistance Program projects stimulate wealth creation for Canada through technological innovation and strengthen Canadian innovation ecosystem by creating new industrial capacity.
NAICS Code:
3259