Authorities of Canada invests in first-of-its-kind mission in BC to assist companies create extra worth and fewer waste
The Authorities of Canada is supporting initiatives that construct a clear and affluent future. That features serving to B.C corporations decrease their environmental footprint whereas creating jobs.
Right this moment, the Honourable Harjit S. Sajjan, Minister of Worldwide Improvement and Minister chargeable for the Pacific Financial Improvement Company of Canada (PacifiCan) introduced $1.04 million in funding to the College of British Columbia’s Okanagan campus (UBCO) to assist native companies implement cutting-edge round financial system practices.
In a round financial system, nothing is waste. The round financial system retains and recovers as a lot worth as doable from sources by reusing, repairing, refurbishing, remanufacturing, repurposing, or recycling merchandise and supplies. It’s about utilizing worthwhile sources correctly, enthusiastic about waste as a useful resource as an alternative of a price, and discovering progressive methods to raised the surroundings and the financial system.
With this PacifiCan funding, UBCO will join native companies with the engineering experience wanted to save lots of industrial supplies from landfill, whereas designing new inexperienced merchandise from totally bio-sourced supplies. UBCO can even purchase new gear and increase its superior supplies and manufacturing testing capabilities in order that extra corporations can entry this assist. Technical information developed by means of these tasks will likely be saved in a digital repository to assist present and future corporations embrace the round financial system.
The mix of in-person experience and a digital repository supporting a round financial system is the first-of-its-kind within the province and can construct on B.C.’s management in clear expertise. It can additionally elevate the profile of native corporations and innovators who’re creating options with international influence.
Minister Sajjan made the announcement whereas celebrating the launch of UBCO’s Clear Tech Hub, an innovation area that acquired $1.9M from PacifiCan in 2021. This funding helps UBCO catalyze academic-industry collaborations that assist Canadian corporations deliver their applied sciences and merchandise to home and worldwide markets.
This morning, Minister Sajjan additionally introduced the opening of latest PacifiCan workplaces in Kelowna and Cranbrook. Our expanded footprint means PacifiCan will likely be extra accessible to British Columbians. It can additionally assist high-impact native investments and high quality recommendation, to advance the area’s numerous financial pursuits.