The Federal Development bank is backing two Ontario ventures with about $2 million.
VDB Grains (Van Der Burgt Grains Ltd.), a grain elevator near Mitclell, is receiving about $1-million to install a first-in-Ontario high-efficiency grain dryer and other new equipment.
This investment will help the company scale up capacity to meet customer demand, while the new grain dryer will reduce crop and food waste.
The equipment will enable VDB Grains to accept higher-moisture grains than traditional dryers can handle.
The money is repayable.
Mycionics Inc., located in Putnam, Ontario, is receiving $975,766 to invest in first-in-Canada equipment able to identify and pick harvest-ready mushrooms without damaging them or their growing beds.
Mycionics Inc. will implement the technology in two southern Ontario mushroom operations, test and develop the robotic harvesting system for industrial scale use, and ready it for commercialization and export.
Mycionics Inc. will also leverage an additional $2.9 million in private-sector investment and create six skilled jobs in Putnam.
