U of T spin-off receives Ontario bio-auto funding

GreenCore Composites Inc has received $755,000 from the Ontario Bio-Auto Council (OBAC) to commercialize Green Inside T Pellets, considered superior to current injection moulded and extruded natural fibre composite products used in the automotive industry. The award is the first under OBAC's $5-million commercialization fund and the second provincial award made to GreenCore this year. In August, the Univ of Toronto spin-off received $400,000 from the Ministry of Research and Innovation's Innovation Demonstration Fund to establish a demonstration plant for the production of high-performance natural fibre Composites. GreenCore products are based on technology developed by Dr Mohini Sain, a professor with U of T's faculty of forestry and department of chemical engineering and applied chemistry. GreenCore's president and CEO is Dr Geoff Clarke, an industry executive who was most recently managing director of the Centre for Materials and Manufacturing a division of the Ontario Centres of Excellence<