Innovation Anthology #518:

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With 40 years of experience in the forest sector, Steve Price is perfectly placed for his current role with Alberta Innovates Bio Solutions. And that’s to advance the development of Alberta’s bio economy.

Much of that depends on finding new technologies and new markets for biomass, the fibre from trees and agricultural crops.

STEVE PRICE: When it comes to advancing the bio economy, the activities of IA Bio tend to span a fairly broad spectrum. We do look at funding research activities, whether at the universities or whether in private sector companies, or industrial associations. But we also give consideration to the fact that once the idea is developed, it can be very difficult to take that idea into the marketplace. So we have some programs that are focused on assisting with commercialization, helping people get the idea into the marketplace, and starting to have an impact on the society that we live in.

According to Steve Price, the driving force behind the new bio economy is concern over climate change and how we can reduce our environmental footprint.

Thanks today to ALBERTA INNOVATES BIO SOLUTIONS

I’M CHERYL CROUCHER

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Alberta Innovates Bio Solutions

The Alberta Innovates consolidation launched on November 1, 2016.

As part of the Alberta Innovates system, AI Bio Solutions invests in research and innovation to grow prosperity in Alberta’s agriculture, food and forestry sectors. The publicly funded board-governed corporation works with partners to identify, coordinate and fund research projects. AI Bio Solutions helps solve industry challenges with solutions that deliver economic, environmental and social benefits.

Program Date: 2012-12-06