Development and Commercialization Fund – 2011 Recipients

Innovation PEI has offered assistance to eight new innovative and commercially promising projects that will impact the growth and development of the Island economy, says Innovation and Advanced Learning Minister Allan Campbell.

“The province is happy to support Island-based businesses and researchers as they transition from the product planning to the development stage,” said Mr. Campbell. “We can now take that support one step further with funding that will allow these companies to move toward manufacturing and commercial production.”

The Development and Commercialization Fund supports Island-based businesses and researchers who have moved beyond the prototype and pilot stage, have tested and developed a product and wish to move toward manufacturing or commercial scale production. Applications are evaluated by a peer review committee and are required to align to one of the strategic sectors: bioscience (including agriculture and fisheries), information technology, renewable energy, aerospace and advanced manufacturing.

Round 3 recipients are as follows:

Company Name	Project Title
Zengo Inc.	Commercialization of RS-2 Rupture Sealing Technology
Ceapro (PEI) Inc.	Development and Commercialization of Therapeutic Bioactive Molecules from Indigenous Rose Varieties in PEI for Applications in the Cosmeceutical and Personal Healthcare Markets
PEI Berries Ltd.	Development and Commercialization of Innovative Natural Food Products from PEI Berries
Engineering Technologies Canada Ltd.	Development and Commercialization of ETC's Intelligent Valve Monitor - IVM6000 and related electronic monitoring equipment for on-site wastewater management systems
Baseline Business Geographics Inc.	Retailer Management Solution - Security and Compliance Module
Charlottetown Metal Products Ltd.	CMP Continuous Flow High Pressure Steam Processor
Halibut PEI Inc.	Evaluate the Establishment of a Purpose-built Land Based Halibut Aquaculture Facility on PEI
PEI Juice Works Ltd.	Establishment of a fruit juice processing facility in Alberton, PE.