Acuva Technologies receives $2.1M investment from Canadian government for growth and global expansion

Acuva Technologies received $2.1M to support the development and commercialization of Acuva’s UVC-LED water disinfection technology from the Government of Canada’s Western Innovation (WINN) Initiative. Acuva’s proprietary technology combines the proven performance of UV disinfection with the energy efficiency of LEDs, maximizing available UV power through optical lensing. Acuva is among 18 top businesses in BC to receive a combined total of nearly $20M in WINN funding for growth and global expansion.

“We are honoured to receive WINN support through the federal government. This milestone recognizes Acuva’s potential, enables us to hire more local talent, and provide us with the resources we need to support Acuva’s rapid growth,” said Manoj Singh, Acuva’s CEO. “We are proud that our innovative UV-LED water treatment technology, developed here in Western Canada, will help solve the global need for safe drinking water.”

Access to safe drinking water contributes to improved health, helping reduces the risk of waterborne diseases. However, the World Health Organization (2017) reports that a quarter of the world’s population drinks contaminated water, causing over 2.2M deaths annually. Acuva’s compact, energy efficient UV-LED water treatment technology offers huge potential to address this global issue.

“The Government of Canada is working hard to help western Canadian entrepreneurs turn their ideas into thriving businesses and create well-paying, middle class jobs,” said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada. “Not only is Acuva Technologies strengthening British Columbia’s reputation as a player in clean technology, it is helping vulnerable communities across the globe access a crucial resource – clean, safe drinking water.”

Soure: https://acuvatech.com/