NEXE Innovations receives grant from BC government February 25, 2021 Maryam Farag
NEXE Innovations has been awarded a $300,000 grant from the Province of British Columbia under the BC Ignite Program.
Provided by the government’s agency, Innovate BC, this funding will support the company’s research and development into new plant-based compostable materials in collaboration with The University of British Columbia, and the commercialization of its single-serve beverage pod products.
“We are appreciative of this support from the Government of BC, which reflects its commitment to supporting disruptive companies in the cleantech space,” said Ash Guglani, President, NEXE Innovations. “This grant, combined with the recent Innovative Solutions Canada $1-million award from the Government of Canada further validates NEXE’s global expertise in biopolymer technology and supports our vision of eliminating single use plastic across the globe.”
NEXE Innovations Awarded Grant from the Government of British Columbia
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NEXE Innovations Inc leads the charge with its fully compostable coffee pods for use in Keurig and Nespresso machines
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NEXE INNOVATIONS INC. (TSXV: NEXE) (the
Company or NEXE ) is pleased to announce that it has strengthened its advisory board by appointing seasoned product marketing, automation and financial advisors to complement the Board of Directors. The Company is an advanced materials company which has commercially developed a fully compostable (plant-based) single-serve coffee pod for use in Keurig Brewing Systems and will continue its innovation strategy by creating other high value plant-based products with sustainability as a primary focus. NEXE has undergone several phases of growth since inception, but there is no phase bigger than our transition into commercialization as a public company. With growth rates in our core business accelerating, the need to attract top talent is a key requirement in driving value to our stakeholders. Being amongst the largest shareholders of the Company, the management, board, and advisory board are fully aligned with the interests of our inv