Local startups to participate in acceleration program

Two local startups have been chosen to participate in an acceleration program to help grow their clean technology ventures.

Alex Martynenko of CARE Food Engineering in Truro wants to enable energy-efficient production of dried natural foods.

And Joy Hillier of Midgard Insect Farms Inc. in Windsor is looking to turn crickets into a high-quality protein powder.

The two companies are among five in Nova Scotia to each receive $20,000 in federal funding through Innovacorp's CleanTech Accelerate Program.

The money will be used to help address key technical and business milestones and move closer to being investment ready.

Each company will also receive training and mentorship from private sector partners.

Companies from across Nova Scotia made 17 submissions to the program, and the five participants were selected from the nine companies invited to pitch their ventures to judges in January.