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Milligan Bio-Tech Inc.

Submission — Milligan Bio-Tech Inc.

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Submitter(s): Faye, Zenneth

Summary: Milligan Bio-Tech has developed an innovative technology that uses low grade canola crops in the production of biodiesel and other valuable products for the fuel and agricultural industry. Milligan has worked closely with the University of Saskatchewan and Agriculture and Agri Food Canada since it began conducting R&D in the 1990's. It is important that the government continues to fund R&D conducted in universities, keeping in mind that the ultimate goal for funding R&D is eventual commercialization of the technology under development. The federal government needs to understand how difficult it can be to obtain risk capital funding, especially in early stages of development. There are a number of ways the government can ensure there is adequate risk capital for firms like Milligan such as guaranteeing the investments of early shareholders and incentivizing Canadian financial institutions to provide risk capital to start-up firms.

Full submission: PDF Version