Collaboration to boost bioindustrial innovations

Sarnia, ON – The Bioindustrial Innovation Centre (BIC) says it has entered into a collaboration agreement with Fundacion Foro Argentino de Biotecnologia (FAB) in order to foster relations between Argentina and Canada in the bioindustrial innovations sector.

“By working together, we will focus on establishing stronger relations between our countries that will enhance the growth of the bioindustrial sector,” says Dr. Murray McLaughlin, Executive Director of the BIC. “Both FAB and BIC provide development services at all stages along the bioindustrial value-chain.”

Dr. Jorge Yanovsky, President of FAB, says the organization was created by the initiative of pioneer businessmen in the biotechnology area and is committed to “applying biotechnology as a development tool”.

In addition to promoting awareness of each other’s capabilities to their respective stakeholder groups, both parties have agreed to forward technology opportunities. This includes facilitating introductions to companies that may benefit from the Canadian or Argentine markets.

BIC and FAB have also agreed to collaborate on commercialization of bioindustrial technologies. The combined services covered by the agreement can assist companies to bridge the commercialization gap by creating partnerships.

The two parties will also work together to build awareness of technologies and exchange of knowledge between Argentina and Canada. They will explore the exchange of information through newsletters, speakers and possible Argentina-Canada workshops.

The initial memorandum of understanding (MOU) extends to March 31, 2018 and can be extended by mutual agreement.