Timmins businesses get $5M in provincial funds

Northern Ontario Business
December 12, 2022
Category: Forestry
Region: Canada, Canada East

Northern Ontario Heritage Fund Corp. announced more than $5 million in funding. The biggest allotment is $2 million for Mikro-Tek Inc., a biotechnology company. It’s to buy equipment to plant over 50 million seedlings and study the benefits of its seeding-fortification technology. “Ontario government funding will allow us, along with our Indigenous partners at Wahkohtowin Development GP Inc., to introduce a technology to be used in Boreal reforestation, herbicide reduction and mine land reclamation projects across the province,” said Mikro-Tec president Mark Kean in a news release. “Following an initial five-year pilot project in Ontario, we plan to fully commercialize the technology and replicate these carbon sequestration projects across Canada in partnership with additional Indigenous and industry partners.”

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