NBIF Portfolio Company KnowCharge Gets ACOA Funding
January 28, 2010
Research and development across Atlantic Canada is benefiting from an important federal investment of $62.4 million under Round VII of the Atlantic Innovation Fund (AIF). In New Brunswick, a total of nine R&D projects, representing both private and public sector research, will benefit from $19.6 million in AIF support in this round. The Limerick Pulp and Paper Centre (LPPC) at UNB, in collaboration with AV Nackawic Inc., NB and KnowCharge Inc., NB will research methods to increase pulp yield and strength as well as develop new technology for the production of conductive packaging materials. The LPPC is the only pulp and paper research centre in Atlantic Canada. This project, with total estimated costs of $1.7 million, will receive approximately $1 million from the Atlantic Innovation Fund over a five-year period.