Organization: Technology Partnerships Canada

Bioniche spins out human health subsidiary

Bioniche Life Sciences Inc, Belleville ON, is creating a wholly own subsidiary from its core human health technology to attract external investment and boost the value of the corporation. Bioniche Therapeutics Corp will function as a standalone unit with its own CEO and will seek external revenues through private equity or licensing income derived from…

TPC invests $3.2 million for JSF R&D projects

Technology Partnerships Canada (TPC) is investing $3.2 million in two small R&D projects as part of the US Joint Strike Fighter (JSF) program. CaseBank Technologies Inc, Brampton ON, receives $1.7 million for a $4.8 million software development project to improve efficiency of maintenance support throughout the aircraft’s life cycle. Adacel Inc, Brossard PQ, receives $1.4…

Feds pump $29 million into peat moss technologies

Premier Tech Ltd has received $29 million in federal assistance to support three projects worth $79.6 million using peat moss-based media for improving water quality and energy conservation. The Riviere-du-Loup PQ-based firm will receive $19.1 million from Technology Partnerships Canada and $9.9 million from Economic Development Agency-Quebec to support the demonstration and commercialization aspects of…

TPC invests in major chip R&D project at Zarlink

Technology Partnerships Canada (TPC) has invested $7.1 million in Ottawa’s Zarlink Semiconductor Inc as part of a $29.8-million R&D project to develop next-generation semiconductor chips. The new chips will facilitate the transition from circuit-switched networks to packet-switched networks based on Internet Protocol (IP). They will allow network operators to continue using old equipment as they…

TPC invests in Alcan waste conversion facility

Technology Partnerships Canada (TPC) is investing $19.1 million in Alcan Primary Metals for the design, construction, testing and optimization of a new $242-million pilot waste processing facility. The investment is the first TPC announcement this year and the first to use a new contribution agreement developed by the federal government (http://tpc.ic.gc.ca/epic/internet/intpc-ptc.nsf/en/hb00526e.html). Alcan will construct the…

Bioniche Life Sciences puts Irish unit up for sale

Bioniche Life Sciences Inc, Belleville ON, is placing its majority stake in Bioniche Pharma Group Ltd, Galway Ireland, to generate revenue to support the parent’s R&D projects. The announcement was made as the firm announced its financial results for fiscal 2005, ending June 30. If a buyer is secured, Bioniche will use the proceeds to…

Tundra launches RapidIO development project

Ottawa’s Tundra Semiconductor Corp is launching a $28-million R&D project to develop switch-fabric-based system interconnect products based on the serial interconnect standard, RapidIO. Tundra is receiving $7 million in assistance from Technology Partnerships Canada to develop RapidIO-based systems, a layered architecture allowing for scalability and future enhancements while maintaining backwards compatibility. RapidIO has higher bus…

Honeywell launches $31.4M aircraft R&D project

Honeywell Canada is launching a $31.4-million R&D project into secondary electric power distribution (SEPD) systems for aircraft, with the assistance of $9.4 million from Technology Partnerships Canada. The SEPD project builds upon previous R&D the firm has conducted for commercial and military aircraft programs and will help it determine the future direction of its electric…

TPC assists Soucy track technology project

Technology Partnerships Canada is investing $8.9 million in a $29.7-million R&D project by Soucy International Inc for integrated traction and moulded rubber track technologies for military vehicles. The firm – a subsidiary of Portefeuille Soucy Inc with facilities in Drummondville, Sherbrooke and Saint-Jerome PQ – plans to develop new integrated traction systems for specialized military…

Magellan developing bio-fuel powered turbines

Magellan Aerospace Corp is undertaking a $6.9-million R&D project into greenhouse gas and waste reduction technology with $2.3 million in assistance from Technology Partnerships Canada. The project will see the Mississauga-ON-based aerospace firm use the technology to develop bio-fuel powered gas turbine engines. The project is aimed as producing a more flexible biomass conversion system…