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MaRS, RBC launch women-focused cleantech accelerator
Innovation hub MaRS and Royal Bank of Canada (RBC) have launched a new accelerator aimed to connect and support women-led clean technology ventures.
The 12-month program, which is called the RBC Women in Cleantech Accelerator, will provide 10 women entrepreneurs with advisory support, access to investor and mentor networks, and the opportunity to participate in events held by MaRS and its ecosystem partners.
“Although the number of women in cleantech is increasing, we have a long way to go.”
RBC is supporting the initiative through its RBC Tech for Nature initiative, a multi-year commitment to preserving the world’s natural ecosystems. Applications are open for the program until June 11 and the first cohort of the accelerator will be announced in September.
Axine Water Technologies
What it does: Vancouver-based Axine takes highly polluted industrial effluent and turns it into water that meets strict environmental standards. Its self-contained purification systems are about the size of a small shipping container and can be installed at manufacturing facilities to clean wastewater on-site.
The difference it’s making: Axine’s electrochemical process removes dozens of pollutants, including such toxins as benzene, formaldehyde and ammonia. Its technology is used extensively in the pharmaceutical industry to ensure that antibiotics, hormones and other biologically active substances do not escape in wastewater to cause havoc in ecosystems. The company is currently enjoying a record year for sales.