Ont. providing $3.8M to company using nanotechnology to build better pesticide
The Canadian Press
Published Monday, November 23, 2009 3:26PM EST
TORONTO - Ontario is providing $3.8 million to a company that's using nanotechnology to build a better pesticide for farmers.
Government officials say the money will help Toronto-based Vive Nano build a plant that's expected to create 19 new jobs over two years.
The company uses an environmentally friendly process to create nanotechnology-based products and materials.
Its first target involves reformulating pesticides so that the active ingredient is more effective, allowing farmers to use less of the chemicals.
Provincial officials say the company is also looking at new products that could have an impact on fuel cell development, water treatment and environmental clean-ups.