Inocucor gets $2.5M for second bio-fertilizer product

Montreal-based Inocucor Technologies Inc will advance development of its second bio-fertilizer product with $2.5 million in funding from Sustainable Development Technology Canada (SDTC), a government foundation supporting cleantech projects. Inocucor will use the funds to scale-up production and marketing of Synergro Free bio-fertilizer, which is touted to naturally generate robust yields in commodity crops such as soybeans, corn, and wheat using proprietary, patented microbial consortia technology. The product will be made available to large-scale farmers in Canada. US Inocucor used the same technology in its first product, Synergro, which is used for strawberries, tomatoes, lettuce and broccoli. The products are among the first microbial products of their kind to be registered with the Canadian Food Inspection Agency. In the US, Synergro has been approved for use in 22 states while Synergro Free is registered in 17 states. Inocucor's laboratories for R&D and pilot production at Technoparc Montreal will soon double their footprint to 20,000 square feet as the company ramps up its R&D activities.