March 31, 2015
For immediate release
Commercialization of innovative projects supported by Prince Edward Island Government
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“Government recognizes that innovative and commercially-promising projects are being developed in our economy,” said Minister Roach. “The projects we are supporting today are in the final stages of product development and are preparing to enter the marketplace. These projects have been chosen because of their potential for commercial success and contribution to our economy.”
Innovation PEI has approved five projects under the Development and Commercialization Fund for a total investment of $500,000. Innovation PEI is investing up to $100,000 in each of the projects and the recipients are required to match this investment. The Development and Commercialization Fund supports Island-based businesses that have moved beyond the prototype and pilot state, have tested and developed a product and wish to move their product or service into the marketplace.
Successful applicants to Innovation PEI’s Development and Commercialization Fund:
-Engineering Technologies Canada Ltd.
ETC's product division, Dynamic Monitors, develops innovative electronic devices which make on-site sewage systems more sustainable, effective and affordable. The Septic Sitter is an internet-connected monitor and early warning alert system for septic drainfields and tanks. It protects septic system owners from messy and costly sewage back-ups and overloads, and also documents the condition of the septic system prior to real estate transfer.
-MAXIMUS Canada Services, Inc. (Deltaware Systems)
DeltaWare Systems will enhance its existing public sector benefits management solution, Medigent, which is currently in use by 9 Canadian jurisdictions, for use in the United States Medicaid market. The solution will marketed to US states and territories through DeltaWare’s parent company, MAXIMUS.
-Somru Bioscience Inc.
Somru Bioscience is a biotechnology company dedicated to developing investigational medical test kits for patients suffering from Crohn’s, Rheumatoid Arthritis and other illnesses. The company carries out the development of these test kits at their location in Charlottetown.
-Mugisha Enterprises Inc.
Mugisha Enterprises has developed Video Assistant, a wireless communication tool for film crews to collaborate in an active film and TV production environment.
-Frontier Power Systems Inc.
Frontier Power Systems offers renewable energy based electricity systems to isolated communities around the world - Two billion people in the world do not have access to electrical grid as we do. With a present focus on developing Arctic markets Frontier designs and build control systems and wind turbines for these remote markets. Currently Frontier is engaged in an initiative to re-design a wind turbine that is suitably sized for the small markets and which can be easily deployed and installed in these markets. The objective of the development is to yield a completely re-designed and wind turbine that is intended to be the most cost effective turbine, within its size range, in the world.
For more information on Innovation PEI and its programs, visit www.innovationpei.com