NEWS RELEASE
April 9, 2018 - Bioindustrial Innovation Canada (BIC) is pleased to announce that is has made a COMM SCI investment in Greyter Water Systems, a Toronto-based company that has developed innovative water reuse technology that creates water-efficient buildings and home, addresses water scarcity, reduces water costs and achieves LEED fast and affordably.
BIC’s mission is to provide critical strategic investment, advice and services to business developers of clean, green and sustainable technologies. In 2016, BIC established the Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) initiative program, which acts as a hub for the commercialization of sustainable chemistry and bio-based innovation. Bio-based start-ups and sustainable chemistry companies can participate in this program to remove barriers to commercialization and investments.
Greyter Water Systems recently announced that it closed a $1.1 million investment led by BIC that included both new and previous investors.
“We are pleased to be a part of Greyter’s unique approach to domestic water conservation and look forward to the growth of the Company,” said Wayne Maddever, BIC Portfolio Manager.
Last year, the company’s Greyter HOME solution was the winner of the “Best Green Building Product”, awarded by National Association of Home Builders’ during the International Builders’ Show in Orlando. The Greyter HOME is a residential appliance that recycles shower and bath water so that it can be reused for toilet flushing.
“We see a continued increase in the demand for our solutions and this investment will allow us to concentrate on ramping up production of the Greyter HOME product,” said Greyter’s co-founder and CEO, Mark Sales.
For more information please contact:
Wayne Maddever,
Advisor and Portfolio Manager
Bioindustrial Innovation Canada
Email: waynem@bincanada.ca
About Bioindustrial Innovation Canada
Bioindustrial Innovation Canada (BIC) is a nationally focused not-for-profit organization based in Sarnia, Ontario. The Centre for Commercialization of Sustainable Chemistry Innovation (COMM SCI) acts as a hub for the commercialization of sustainable chemistry and bio-based innovation, providing businesses and technical support to participating small- and medium-sized enterprises (SMEs) in southern Ontario. COMM SCI was established with a $12-million contribution from the Federal Economic Development Agency for Southern Ontario’s (FedDev Ontario) Investing in Regional Diversification initiative and additional support from the Government of Ontario Ministry of Research, Innovation and Science. BIC creates jobs and economic value sustainably for Canada. We provide critical strategic investment, advice and services to business developers of clean, green and sustainable technologies. Our expertise in commercialization builds a stronger Canada.
For more information visit: www.bincanada.ca
About Greyter Water Systems
Greyter Water Systems offers industry proven out-of-the-box water reuse management solutions which reduce the water and wastewater demands of commercial and residential buildings. By capturing greywater and other sources such as rainwater, Greyter Water Systems’ line of out-of-the-box water solutions can supply all the water for a building’s toilet flushing, irrigation and other uses. Greyter Water Systems is a privately held business led by a team with many years of experience in offering innovative water resource management solutions to the commercial/industrial and residential marketplace. For more information visit: https://greyter.com/