MSBI invests $650,000 in new start-up firm

MSBI Capital has invested $650,000 in CarboPur Technologies Inc, a start-up firm founded on the research of Dr Jean-Pierre Farant at McGill Univ’s department of occupational health. CarboPur is commercializing a high density activated carbon felt with a low-cost manufacturing process and patented regeneration technology. Targeted applications include air and water filtration. The Montreal-based firm was founded by Yves Sicard (president and CEO) and Kendrick Martin (VP engineering) who saw the potential of the environmentally friendly manufacturing process and regeneration technology allowing for the engineering of pore sizes at nanoscale. MSBI was formed in 2001 under the leadership of Dr Mark de Groot, previously COO of University Medical Discoveries Inc. With $26 million under management, the seed and early stage venture capital firm focuses on intellectual property from the universities of McGill, Sherbrooke and Bishop’s....