GreenCentre Canada invests in Canadian start-up, Mirexus Inc.
GreenCentre Canada announced their investment of $150,000 into Canadian start-up company, Mirexus Biotechnologies Inc. as part of the seed round lead by GreenSky Capital. Based on a technology developed at the University of Guelph, Mirexus aims to advance and commercialize sustainable nanoparticles useful in formulating greener, longer lasting personal care products, improving shelf life of specialty materials and enhancing drug delivery.
In 2009, a team of researchers, led by Physics Professor John Dutcher at the University of Guelph, developed a benign chemical process to harvest and refine a high value nanoparticle found in corn. The resulting nanoparticles are a natural, renewable material that can fulfill the rapidly growing global demand for eco-friendly advanced materials produced from sustainable sources.
The Mirexus nanoparticles are useful as a natural and renewable ingredient in personal care products, like moisturizers and sunscreens, because they have the ability to retain moisture longer and extend the shelf life. Other potential applications include improvements to food storage and the quality and delivery of bioactives.
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