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Ontario Government Announces Support for Semi-Finalists in $20 Million Competition including Markham-Based Pond Technologies

POND Technologies Inc. in Markham, Reza Moridi, Ontario's Minister of Research, Innovation and Science, announced the government's support for three Ontario-based teams among the 25 international semi-finalists in the $20-million global NRG COSIA Carbon XPRIZE competition.
Categorized in: Business, Cleantech, Major Investments, Startups & Innovation Posted on: Last updated on: Written by:

Pond TechnologiesToday at POND Technologies Inc. in Markham, Reza Moridi, Ontario’s Minister of Research, Innovation and Science, announced the government’s support for three Ontario-based teams among the 25 international semi-finalists in the $20-million global NRG COSIA Carbon XPRIZE competition.

Each team has qualified to receive $833,000 in funding that will support the development and demonstration of their concepts during the NRG COSIA Carbon XPRIZE competition. The funds are managed on behalf of the province through the Ontario Centres of Excellence (OCE), a Carbon XPRIZE partner, and are a part of OCE’s TargetGHG initiative funded by the Ontario Government’s $74 million Green Investment Fund. Each team will also be assigned a Business Development Manager from OCE during their time in the competition.

Full Article: www.newswire.ca