Chinova Bioworks Hits 5-Year Mark in Stride With Manufacturing Expansion for Chiber
April 21, 2021 11:55 ET | Source: Chinova Bioworks Chinova Bioworks Fredericton, CANADA
FREDERICTON, New Brunswick, April 21, 2021 (GLOBE NEWSWIRE) It was a novel idea for a vital ingredient to preserve food products without artificial means that brought Natasha Dhayagude and David Brown together to start Chinova Bioworks five years ago with their natural fiber extract derived from the stems of white button mushrooms that they named Chiber. Today, the company is rapidly expanding their manufacturing to increase capacity and meet demands for the proprietary, natural preservative, clean-label mushroom extract ingredient. The move to a larger and newly built 20,000-square-foot Bioscience Manufacturing Incubator space and a new 6,000-square-foot building for expanded office and research and development lab, will allow Chinova Bioworks to stay ahea
Natural Products Canada, Active Impact Investments launch cleantech venture funds
Two firms, Natural Products Canada (NPC) and Active Impact Investments, have launched early-stage cleantech venture funds, as the cleantech sector continues to gain traction in Canada.
Active Impact Investments has completed a first close of $41 million for a climate-tech venture fund. NPC Ventures, the investment arm of Charlottetown-headquartered NPC, has revealed plans to raise $50 million for a fund focused on companies developing natural products. NPC is targeting to complete its first close in the fall of this year.
The two new funds are the latest in a number of Canadian early-stage cleantech venture funds.