Tilson Announces Support to Developing Innovative Technology in Bolton
Bolton, ON – David Tilson, Member of Parliament for Dufferin-Caledon, today announced a $49,527 investment in EnerMotion Inc. through the National Research Council Canada’s Industrial Research Assistance Program (NRC-IRAP).
“Our Government’s Economic Action Plan 2012 focuses on the drivers of growth and job creation—innovation, investment, education, skills and communities,” said Mr. Tilson. “We are supporting Canadian firms that successfully develop innovative technologies and helping businesses bring new ideas to the marketplace.”
The contribution will assist the Bolton-based company in performing on-road testing of a new waste energy recovery system for heavy Class 8 trucks, which harnesses the exhaust heat to drive an energy efficient Heating, Ventilating and Air Conditioning (HVAC) system that enables both cooling and heating while driving and eliminates engine idling while stationary.
NRC-IRAP provides a range of both technical and business-oriented advisory services along with necessary financial support to qualified innovative small and medium-sized enterprises (SME) in Canada. It engages in cost-shared research and development (R&D) projects with its clients. Firms helped by NRC-IRAP are better equipped to perform basic R&D, commercialize new products and processes, and access new markets.
When asked about the opportunities IRAP funding has provided to EnerMotion, the company's CEO & President, Jack MacDonnell, stated, "this Federal Government of Canada program is one of the best funding programs available anywhere to innovative companies like EnerMotion.” He went on to state, “IRAP has been instrumental in supporting our evolution from start up through to our current field testing phase of our HYPER technology. Quite frankly, without this financial support from the Government, our doors would likely be closed and we would not be contributing to the economic growth and prosperity of this community, the province, and the country - thank you IRAP!”
EnerMotion Inc. was founded in 2008 by a consortium of scientists, engineers, academics, business, and marketing professionals dedicated to sustainable energy efficient technologies. The company’s highly experienced team has worked on alternative fuels, rapid transit, vehicle hybrid conversions, electric vehicles, aerodynamics, fuel cells, battery development and control system design for more than 20 years. The company's waste heat recovery technology known as the 'HYPER', is nearing commercialization in the heavy duty vehicle market. EnerMotion is also a Sustainable Development Technology Canada (SDTC) portfolio company.
Economic Action Plan 2012 provides substantial direct support for business innovation and makes available $500 million for venture capital. Of this support, an additional $110 million is allocated to NRC-IRAP annually to expand the program’s reach and services for innovative SMEs in Canada.