CUE and Adventus LifeFoods Inc. announce new residency through BMO-CIARPosted on: Jun 22, 2020
Concordia University of Edmonton (CUE) is proud to announce a new residency with Adventus LifeFood Inc. (Adventus) within the BMO Centre for Innovation and Research (BMO-CIAR).
Adventus is joining the BMO-CIAR as the first resident in its state-of-the-art lab, working to develop premium quality multi-functional health food ingredients, nutraceuticals, and a range of natural health products. Through this residency, CUE and the BMO-CIAR will be providing resources, support, and opportunities for Adventus to take the next steps towards commercializing products.
“The BMO-CIAR was designed to be a place for industry and academia to come together and discover what is possible when we work together,” said Dr. Manfred Zeuch, Vice-President External Affairs and International Relations at CUE. “Our doors are open. We are excited to welcome Adventus, and look forward to supporting other local innovators seeking to develop world-class products and services.”
The BMO-CIAR strives to advance industry and community interests by building and strengthening connections between CUE and external partners to turn knowledge and ideas into solutions. From research commercialization to intellectual property protection and business incubation, the BMO-CIAR offers businesses of all sizes opportunities to scale up and drive innovation.
“Working with CUE and the BMO-CIAR gives us the opportunity to do research, explore market opportunities, and commercialize products that have the potential to change lives,” said Dr. Hassan Qureshi, Co-founder and Chief Scientific Officer at Adventus. “We know there is a demand for the kind of health products we are seeking to produce to combat lifestyle diseases like obesity and type 2 diabetes, and we are looking forward to accelerating our development through this residency.”
As a resident at the BMO-CIAR, Adventus will have access to laboratory infrastructure, business development support, and mentorship, as well as opportunities to connect with CUE researchers and partners.
“We believe Alberta is the best place to start and grow a business,” said Dr. Zeuch. “We are proud to be part of our province’s innovation ecosystem, and are looking forward to continuing to collaborate with entrepreneurs, businesses, and industry stakeholders to turn ideas into global success stories.”