Nova Scotia cleantech firm wins $225k Innovacorp prize
Chester, N.S.-based Sustane Technologies Inc. beat out 187 submissions to win the prize from Crown Corporation Innovacorp
HALIFAX—A Nova Scotia company that turns municipal waste into clean products such as biofuel has won $225,000 through Innovacorp as part of a startup competition.
Chester-based Sustane Technologies Inc. beat out 187 submissions from entrepreneurs to win the provincial Crown corporation’s top prize of a $100,000 seed investment.
Sustane also won $125,000 in cash and services for being named a regional winner and having the best overall submission in waste diversion technology.
A government news release says it’s hoped the company will work with municipalities around the world once its plant is completed in Chester.
In all, Innovacorp handed out $950,000 in cash, seed investment and business-building services to the competition’s first- and second-place winners.
The Atlantic Canada Opportunities Agency provided $100,000 for the competition.