BIC to Collaborate with Life Sciences Queensland on Commercializing Sustainable New Technologies

SARNIA, ON - Bioindustrial Innovation Canada (BIC) has agreed to partner with Life Sciences Queensland Ltd. (LSQ) in accelerating the commercialization of high-tech projects. The partners will strive to facilitate the internationalization of their research, development, technological results and innovation.

Our organizations will work together to advance technologies in the area of conversion of biomass and renewable raw materials into value-added bio-based products, said Dr. Murray McLaughlin, Executive Director of BIC. This partnership recognizes the key elements of the Canadian and Queensland innovation strategies, including the concept of regional innovation clusters and development of an industry around sustainable products.

A formal Memorandum of Understanding (MOU) between BIC and LSQ calls for collaboration on such priority areas as chemicals from sugars, lignin based materials and composites. The MOU, effective June 22, 2014, extends for a three-year period.

We are situated in two western jurisdictions with the ability to grow and develop vast quantities of biomass, said Mario Pennisi Chief Executive Officer of LSQ. It makes strategic and economic sense that LSQ and BIC work together to leverage the know-how, interest and innovations of the respective stakeholder groups for mutual benefits and outcomes with global impact.

BIC and LSQagree to work together to exchange information and establish business relations between their networks and members. They will promote the human capital agenda and develop research, development and demonstration projects for technologies that convert sustainable feedstock into energy and value-added chemicals and materials.

Bioindustrial Innovation Canada is a Canadian not-for-profit organization catalyzing the commercialization of bio-based and sustainable chemistry-based technologies, with a focus on advanced biofuels, biochemicals, biomaterials and bio-ingredients. Based in Sarnia, Ontario, Canada, BIC supports the creation of jobs and economic value sustainably for Canada.

Life Sciences Queensland Ltd. is an industry-led organisation, working closely with its members to provide leadership, promotion and growth opportunities for life sciences firms and organizations in Queensland, Australia. LSQ is helping to shape the strategic direction of the industry and influence public policy.

For more information, contact:

Dr. Murray McLaughlin
Executive Director
Bioindustrial Innovation Canada
519-550-5525
murraym@bincanada.ca