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.