CORNWALL, Ontario – Cornwall-based company Food Cycle Science has been awarded $225,000 by the Federal Economic Development Agency to help them upscale and compete on a global level.
Food Cycle Science produces the Food Cycler, a kitchen appliance composter that promises to reduce kitchen waste by 90 percent by turning it into nutrient-rich fertilizer.
The federal investment will allow Food Cycle Science to create three new jobs and expand into new markets.
The Hon. Navdeep Bains, the federal Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario said that investments like this demonstrate Canada’s committment to a greener economy.
“Investments such as the one we are celebrating today are supporting Canada’s transition to a greener economy. By investing in innovative companies, such as Food Cycle Science, we are supporting companies that are ready to expand and compete globally, without compromising sustainability, which will pave the way to economic growth, jobs and opportunities in the long term,” he said in a press release.
Bradely Crepeau, CEO of Food Cycle Science said that this investment will allow his company to adopt a more global mindset.
“Through the commitment of angel investors and the support of the Government of Canada, Food Cycle Science has been able to commit to a global mindset in its growth strategy for the future,” Crepeau said. “I believe that we are well positioned to compete internationally and reshape how consumers and businesses approach the growing food waste problem.”
