Government of Canada awards algae company Pond Biofuels $908K
Green Car Congress
JULY 3, 2012
Canada’s federal government is awarding $908,280 through FedDev Ontario’s Investing in Business Innovation initiative to help algal biofuel startup Pond Biofuels accelerate the commercialization of its technology used to capture carbon dioxide from raw stack emissions and produce algae that can subsequently be converted into biofuels. In addition to this investment, $2 million in private-sector funding has been leveraged from a group of accredited angel investors belonging to SG Biomaterial Inve
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