Axine Water Technologies, the award-winning clean technology organisation based in British Columbia (BC), Canada, has been secured CAD$1 million (750,000) from the Government of Canada’s Western Innovation Initiative (WINN) to distribute its radical, electrochemical oxidation technology to treat the poisonous wastewater at consumer sites in the microelectronic, pharmaceutical, chemical engineering, as well as other water-intensive industries.
The financing was first announced in Vancouver on Wednesday, March 15th, at the #BCTECH Summit by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. Axine Water was one of just 12 organisations the minister underlined in the announcement of the present CAD$14.8 million (USD$11 million) funding. In Western Canada, WINN gives out CAD$100 million (USD$74.9 million) in repayable amounts to small and medium-sized enterprises (SMEs).
The Honourable Navdeep Bains said, “Canadian companies are working hard to bring their innovative products and services to market. The Government of Canada is proud to support Axine Water in developing new clean technology solutions for customers worldwide. Clean tech organisations like Axine Water are promoting economic growth, creating high-quality jobs for Canadians, and furthering Canada’s innovation landscape.”
“We are very pleased to collaborate with the Government of Canada,” Axine Water CEO, Jonathan Rhone, said. “This funding will help finance the deployment of our ‘made-in-Canada’ technology under multi-year wastewater-as-a-service agreements with multinational customers in the pharmaceutical, chemical manufacturing, and microelectronics industries. This will enable our customers to lower their operating costs and eliminate the practice of trucking wastewater off-site for disposal without spending their own capital.”