Vive Nano Secures $3.8 Million in Funding

Filed in archive Investing on November 24, 2009

© kevindooley

Toronto-based Vive Nano has received $3.8 million in funding from the Province of Ontario's Ministry of Research and Innovation.

"Vive Nano expects to create 19 new high-skill jobs over the next two years, including positions for chemists, technicians, engineers, project managers and a controller... Vive Nano’s first product reformulates pesticides so that farmers can better protect their crops while using less chemicals, resulting in reduced emissions and less chemical run-off," writes FP Posted's Alia McMullen.

"Some of today's most exciting scientific breakthroughs and commercial innovations are happening in the field of nanotechnology," says Minister of Research and Innovation John Milloy. "That's why we're proud to help emerging companies like Vive Nano bring their technology to market, so that they can create jobs and seize what is already a multi-billion dollar global market opportunity."

More here from The Canadian Press ... and the press release is here.