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Tuesday May 16, 2023

Opening + Keynote

9:00 – 9:05

Introduction to Climatetech Innovation Forum

Catherine Bérubé
Cycle Capital

9:05 – 9:15

Opening Remarks: Overview of Cycle Capital Platform

Andrée-Lise Méthot
Cycle Capital

9:15 – 9:50

State of Net-Zero by Nat Bullard BNEF

Nat Bullard
BloombergNEF

Panel 1: Net-Zero Mobility

9:50 - 10:35

Moderator: Corey Cantor, Senior Associate for Electric Vehicles at BloombergNEF

What are the opportunities and challenges to attaining a net-zero mobility system?

According to the International Energy Agency, the transport sector has the highest reliance on fossil fuels of any industry and accounted for 37% of CO2 emissions from enduse sectors in 2021. Therefore, getting the transport sector on track with the net-zero goals requires implementing a broad set of measures, and solutions and encouraging modal shifts to low-carbon energy and operational and technical energy efficiency measures to reduce the carbon intensity of all transport modes. The panel will discuss the opportunities and challenges that come with a shift towards net-zero mobility, along with the best short and long-term measures that stakeholders should take. 

Scott Walbrun
BMW i Ventures

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Claude Vachet
Cycle Capital

Brian Scott
SDTC

Ted Graham
GM Ventures

Maxie Lafleur
Bus.com

Break

10:35 AM – 10:50 AM

10:50 - 11:00

Shirley Speakman
Cycle Capital

Short interview: Guillermo Freire, Senior VP, Mid-Market at EDC with Shirley Speakman

Guillermo Freire
EDC

Panel 2: Electricity Grid

11:00 - 11:45

Moderator: Shirley Speakman
Cycle Capital

Modernizing the Grid: How distributed energy resources can pave the way to a clean power grid

Global power sector CO2 emissions (from both electricity and heat production) increased by close to 700 Mt CO2 in 2021, reaching an all-time high of more than 14 Gt, driven by a strong increase in coal-fired electricity generation compared to the year before. As a fully decarbonised electricity sector is the essential foundation of a net zero energy system, new approaches are required that accelerate the integration of clean energy sources into the grid. The panel will discuss the complexities of transforming the power sector and how policies and technologies can incorporate distributed energy sources into the grid.

Sabrina Harbec
Hydro Québec

Jean-François Béland
Investissement Québec

Josh Green
Mysa

Joel Berntsen
Vutility

Lunch

11:45 AM – 1 PM

1:00 - 1:30

Peter Tufano, Emerging lessons from Climate Finance

Introduction by Claude Vachet, Cycle Capital

Peter Tufano
Harvard University

Claude Vachet
Cycle Capital

Panel 3: Sustainable Finance

1:30 - 2:15

Moderator: Katrina White, Sustainable Finance Associate at BloombergNEF

How unlocking capital to finance climate tech solutions can deliver sustainable growth

In recent years, countries have been setting net-zero emission targets to transition their economies for a low-carbon future and harness the growth opportunities that lie from using new innovative climatetech solutions. However, Mckinsey’s research notes that ~$9.2 trillion in annual average spending on physical assets will be required to transition to a net-zero economy. The sustainable finance panel will bring industry experts to discuss the intersection of financial stability and environmental responsibility and how companies and investors can scale solutions, deploy and unlock capital to accelerate the energy transition. 

Alex Bell
JP Morgan

Christian Brosseau
Fonds de solidarité FTQ

Nicolas Jacob
National Bank

Sandra Odendahl
BDC

Startups showcase

2:15 - 2:45

Hosted By

Patrick Gagne
CEO Cycle Momentum

FTEX

FTEX designs and builds power management systems that increase the range of small electrical vehicles by up to 30%.

AXYA

AXYA connect buyers and suppliers in the manufacturing industry with its online platform to create a local supply chain.

DISPERSA

Dispersa’s goal is to bring natural and affordable biosurfactants to the market via a unique production platform that allows for the scaling up of custom-made biosurfactants for specific industries.

2:45 - 2:55

Hosted By

Guillaume Synnott
Partner, Fasken

Fasken Cycle Momentum ClimateTech Innovation Bursary

 

 

Break

2:55 PM – 3:10 PM

3:10 - 3:15

Electrons and Molecules: A brief look into Climatetech Solutions and Opportunities

Andrée-Lise Méthot
Cycle Capital

3:15 - 3:45

How the early days of Silicon Valley resonate with today’s challenge to transition towards a net-zero economy

John East
Ex CEO of Actel

3:45 - 4:00

Fireside Chat: Changes in the Energy Sector and Opportunities Ahead

Mark Little
Ex CEO at Suncor Advisor at Cycle Capital

Andrée-Lise Méthot
Cycle Capital

 

Panel 4: Circular Economy

4:00 - 4:45

Moderator: Julia Attwood, Head of Sustainable Materials at BloombergNEF

Could a “circular economy” approach enable countries and businesses to meet their net-zero agenda?

The circular economy is a concept that aims to keep resources in use for as long as possible, extracting the maximum value from them before recovering and regenerating them. This approach is seen as a way to reduce waste, conserve resources, and minimise the environmental impact on the economy. In the context of reaching net-zero goals, the panel will discuss the role circular economy can play in building a more sustainable and resilient economy.

Ben Forcier
Circular Innovation Fund

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Maya Colombani
L’Oréal

Jason Robinson
Evoco

Closing Remarks

4:45 - 5:00

Closing Remarks by Claude Vachet

Claude Vachet
Cycle Capital

Cocktail

5:00 - 7:00

Cocktail in the room

André-Lise Méthot

Founder and Managing Partner

Cycle Capital

Andrée-Lise Méthot is the Founder and Managing Partner of Cycle Capital – an impact investor and Canada’s leading ClimateTech investment platform with 600 million under management. In addition to serving on portfolio companies’ boards of directors, she’s active on the board of the Canada Infrastructure Bank, the Paris Fonds Vert Advisory Board, the Canadian Government’s Task Force on Women in the Economy, and she is the founder and chairperson of the Accelerator Cycle Momentum.

Exceptionally involved in the progression of women in science and technological entrepreneurship, she was named Officière de l’Ordre du Québec (2018), and she received numerous honours, including from the Ordre des ingénieurs du Québec, the Laval University Faculty of Science and Engineering, and Association of Quebec Women in Finance. She was also recognized as one of the 16 Canadian personalities of Clean16 and among the Top 20 of cleantech investors by CleanTech

Catherine Bérubé

Partner

Cycle Capital

Nathaniel Bullard

Senior Contributor

BloombergNEF

Nathaniel Bullard is Senior Contributor at BloombergNEF. He is currently based in Washington, D.C., after positions in Hong Kong and San Francisco.

His expertise in energy and technology spans distributed power generation, the impact of new technologies on existing energy and transport business models, and transitions to lower-carbon economies in developed and developing countries.    

Nathaniel is a Bloomberg View contributor, writing on energy, technology, transportation, and finance. He is also a frequent commentator and has been cited in The Economist, The New York Times, Forbes, Technology Review, and Scientific American. He regularly appears on Bloomberg Television.  

Nathaniel has an MA in International Energy Policy and International Economics from the Johns Hopkins School of Advanced International Studies (SAIS), and an AB, magna cum laude in the History of Art and Architecture from Harvard University. He is also a 2012 Aspen Institute First Mover Fellow.

Corey Cantor

Senior Associate

BloombergNEF

Corey Cantor is an electric vehicle senior associate at BloombergNEF on the electrified transport team. He covers the policy, economics and technology factors impacting the electrification of transportation, focusing his research on the North American market, global EV policy and electric buses. He has also appeared in publications like the Washington Post, Time, CNN Business and on BloombergTV and NASDAQ, offering his insights on the EV transition.

Prior to completing his master’s education, Corey worked for U.S. Senator Cory Booker on his economic team covering policy around banking, taxes, and the federal budget. Before that, he researched economic policy for NDN, a think tank in Washington D.C.

Corey received his master’s degree in Environmental Management from Yale’s School of the Environment and bachelor’s degree in Political Science and English Literature from Washington University in St. Louis.

Scott Walbrun

principal venture capital investor

BMW i Ventures

Scott is a principal venture capital investor at BMW i Ventures where he focuses on building companies in sustainability, mobility, and industrial automation. He currently serves on the boards of six companies. In addition to his work at BMW i Ventures, Scott also actively supports several startup accelerator programs across the country as a mentor & workshop leader, including at Argonne National Labs. Prior to joining BMW i Ventures, Scott held various roles in technology investment banking, corporate finance, and corporate development. He holds an MBA from the University of Chicago.

Claude Vachet

Managing Partner

Cycle Capital

Claude is Managing Partner at Cycle Capital – an impact investor and leading cleantech venture capital investment platform with $600M AUM. He has 30 years of operational, Venture Capital and fund management experience of Venture Capital portfolios investing in high tech companies. Over the course of his career, he has built a solid track record of investments, led large team of investment professionals and has been involved in the execution of numerous exits, including GaN Systems who has signed an agreement to be acquired by Infineon AG for 830 m US.

Before joining Cycle Capital, he was Managing Partner of successful teams at both Kirchner and Multiple Capital managing large venture capital funds. He has also worked at Innovatech Montreal as VP of IT&C Portfolio, where he participated in the sale of the portfolio – the largest transaction of a Venture Capital portfolio in Canada with its 108 companies and 15 funds. Early in his career, Claude worked at Degremont in Clean technologies (water, energy and waste).

Claude holds a Chemical Engineering Bachelor’s degree from École Polytechnique (Montreal) and an MBA in Finance from HEC-Montreal.

Brian Scott

Acting Vice President, Investments

Sustainable Development Technology Canada

Brian Scott is the Acting Vice President, Investments for Sustainable Development Technology Canada. SDTC is largest funder of sustainable small and medium-size businesses in Canada, providing companies with SEED, Start-Up and Scale-Up support as they endeavour to bring disruptive innovations to market. Prior to SDTC, Brian was a senior leader with Novozymes, a world leading industrial biotechnology company, where he held roles in product development, IP and business strategy. Brian has a MSc from the University of Ottawa.   

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Ted Graham

Principal

GM Ventures

Ted Graham is a Principal with GM Ventures. Ted also holds the position of Head of Open Innovation based at GM’s Canadian Technical Centre (CTC).

His work has encompassed partnering with startups, incubators/accelerators, VCs and academia to accomplish GM’s vision of zero crashes, zero emissions, and zero congestion. GM and CTC have been recognized for their active role as an early customer and collaborator with the Canadian tech ecosystem.

Prior to joining GM, Ted was a media entrepreneur and advised a multitude of industries on strategy and innovation as a management consultant while at PWC and McKinsey. He is also the author of The Uber Of Everything and a frequent speaker about disruptive innovation and the power of partnering between large and small companies.

Maxie Lefleur

President and CEO

Bus.com

President and CEO of Bus.com since March 2020, Maxie Lafleur has extensive experience in leading business growth and transformation, mergers and acquisitions, and business development. She is on the board of Association Québecoise des Transports and was previously a member of the board of Directors and risk committee of Investissement Quebec, a large-scale governmental institutional investor in infrastructure, technology, and transformation.

Shirley Speakman

Senior Partner

Cycle Capital

Shirley Speakman is a Senior Partner with Cycle Capital based in Toronto.  She sits on Cycle Capital’s portfolio companies across North America; including companies that are in the plastics and polymer upcycling and transformation, IoT and energy storage and efficiency industries.  Shirley has had several exits; most notably the IPO of ESS Inc via a SPAC in October of 2021. 

Prior to joining Cycle Capital Shirley was with the Investment Accelerator Fund a $40M+ venture capital fund established by the Ontario government to invest in seed and early-stage technology oriented companies based in Ontario. She also advised biotech, ag-biotech and advanced manufacturing and materials companies in areas such as strategy, finance, negotiations and fundraising. She spearheaded numerous financings and M&A transactions and participated in the creation of a $40M cross border life sciences fund and the close of a Canadian based $40M ag-biotech fund.

Shirley is active in the innovation ecosystem as a member of Canada’s National Science and Engineering Research Council, through her involvement at MaRS and the Ontario Centre of Innovation, mentoring female entrepreneurs and investors through her work with Canadian Women in Venture Capital and as a director at Altitude Accelerator. She is also been a sought-after advisor for impact investment funds including the Amplify Fund and SVX.

Shirley was recognized as one of Canada’s Clean16 and one of Canada’s Inspiring Fifty. She holds her ICD.d (University of Toronto), a MBA from Wilfrid Laurier University and a Bachelor’s of Economics from the University of Waterloo.

Guillermo Freire

Senior Vice-President, Mid-Market

Export Development Canada

Guillermo Freire was appointed Senior Vice-President, Mid-Market in April of 2022. In this role, Mr. Freire works to accelerate the growth of Canadian mid-market companies to boost their international competitiveness. 

First joining EDC in 2005, Mr. Freire worked for six years in Project Finance. After a period working in the Treasury group of a global mining company, Mr. Freire rejoined EDC in 2013. Since, he has taken on senior roles on the Structured and Project Finance group, including leadership of the Cleantech team – a sector in which EDC is a leading national financier – as well as leading the team responsible for managing EDC’s relationships with its largest institutional investors. 

Prior to his current role, Mr. Freire served as Acting Senior Vice-President, Financing and Investments, where he over oversaw the group responsible for deploying capital in support of the international expansion, growth and ongoing financial needs of Canadian exporters and investors. 

Sabrina Harbec

Director – Design and Development of Demand Response, Customer Product and Hilo Product Offers

Sabrina Harbec was appointed Director – Design and Development of Demand Response, Customer Product and Hilo Product Offers in May 2023. In this capacity, she is responsible for ensuring that Hydro-Québec’s ambitious demand response objectives are met and maintaining a strong synergy between the company’s commercialization activities and the technological development expertise of its subsidiary Hilo.

Before joining Hydro-Québec, Ms. Harbec worked 10 years for the mining company ArcelorMittal Exploration minière Canada. She successively served as a buyer specialized in energy and raw materials, head of the strategic procurement department, and specialist of energy strategies and carbon emissions trading.

Ms. Harbec holds a bachelor’s degree in mathematics and economics with a minor in statistics from St. Lawrence University in New York State, as well as a specialized graduate diploma (D.E.S.S.) in sustainable development management from HEC Montréal and an Executive MBA from Université de Sherbrooke. She was on Canada’s national ice hockey team for six years.

Jean-François Béland

Vice-President, Ressources Québec

Investissement Québec

Jean-François Béland was appointed Vice-President of Ressources Québec at Investissement Québec in 2021.

From 2015 to 2021, he applied his management expertise in the cleantech sector as Vice-President, Strategy and Corporate Affairs at General Fusion Inc., based in Vancouver, British Columbia. From 2007 to 2015, he was employed by AREVA S.A. in Paris and Toronto, chiefly as Executive Vice-President of AREVA Canada Inc. Before he launched his career path in the private sector, Mr. Béland gained extensive experience in the Canadian civil service and in the Office of the Prime Minister of Canada as an advisor on governance policiesand the Treasury Board of Canada.

Mr. Béland is a graduate of Université de Montréal (B.Sc.), École nationale d’administration publique (MPA and post-graduate diploma in public administration), École des hautes études commerciales (post-graduate diploma inmanagement), Bordeaux École de Management (MBA), Université Paris IX Dauphine (M.Sc., strategic management) and Universityof British Columbia (project management certificate). In 2014, he completed the Senior Nuclear Plant Management course (SNPM).

Mr. Béland is a Knight [Chevalier] of the National Order of the French Legion of Honourand a member of the Advisory Board of the Gina Cody School of Engineering and Computer Science, Concordia University.

Josh Green

Chief Executive Officer

Mysa

Josh Green is the Chief Executive Officer (CEO) of Mysa, which he co-founded in 2014 immediately after completing his Mechanical Engineering degree at Dalhousie University. Together with his brother and co-founder, Zach, Josh has successfully led the Mysa team in bringing to market a range of smart thermostats, including those for baseboard heating, in-floor heating, and mini-split heat pumps. Mysa has shipped over 300,000 devices across Canada and the United States, a testament to the company’s innovative and effective products. Based in St. John’s, Newfoundland and Labrador, Josh is an avid hiker and enjoys spending quality time with his family.

Joel Berntsen

Vice President

Vutility

Joel is an award-winning, strategic senior sales, marketing, and technology leader with 15+ years of experience creating and scaling exceptional product offerings at organizations ranging from Fortune 100 leaders to Inc. 500 start-ups. In his roles, he has advanced the adoption of innovative smart building and energy management solutions to deliver increased efficiency, sustainability, and peace of mind in the IoT-enabled, digitalized world of today and tomorrow.

Peter Tufano

Baker Foundation Professor

Harvard University

Peter Tufano is Baker Foundation Professor at Harvard Business School (HBS) and Senior Advisor to the Salata Institute for Climate and Sustainability.  His current research and teaching focus on climate change, including climate finance, business climate alliances, and climate impacts on households.  Prior to rejoining HBS in 2022, Tufano was Dean of Said Business School at the University of Oxford from 2011-2021, where he championed an agenda focused on business’s role in addressing the challenges of the world.  Previously, Tufano served for over two decades as a Professor of finance at HBS, studying and teaching household finance, financial engineering, and financial innovation, as well as holding senior roles at the school and Harvard University.  Tufano co-founded a high-impact non-profit, the Harvard I-Lab, and Business Schools for Climate Leadership

Katrina White

Sustainable Finance Associate

BloombergNEF

Katrina covers the financial industry’s transition to a low-carbon economy within BloombergNEF’s corporate sustainability research team, which publishes content on private sector climate reporting, target-setting, low-carbon pathways and sustainable finance. Katrina specializes in strategies for financial institutions pursuing net-zero targets through the Glasgow Financial Alliance for Net Zero (GFANZ).

Alex Bell

Partner

JP Morgan

Alex Bell is a Partner in JP Morgan Private Capital’s Sustainable Growth equity (SGE) platform.  Mr. Bell was previously Head of North America Climate Private Equity at Tikehau Capital, a multi-billion global asset manager headquartered in Europe, where he was responsible for all stages of investing across sourcing, diligence, structuring, execution and fundraising. Prior to Tikehau Capital, Mr. Bell was a Director at Caisse de Dépôt et Placement du Québec (CDPQ), where he helped launch and then led the investment efforts of CDPQ’s Climate Innovation Fund, a C$500 million platform investing in late-stage venture and early-growth private equity opportunities in energy transition, sustainable food & agriculture and industrial decarbonization. Mr. Bell spent the early part of his career in energy private equity, including at Pine Brook Partners and Cadent Energy Partners, and started his career in the power & utilities investment banking at Lehman Brothers. He received an A.B. cum laude degree in Economics from Harvard College.

Christian G. Brosseau

Private equity & impact investments -Structuring Capital, Energy & Environmen

Fonds de solidarité FTQ

Christian has a BA in Economics from Université de Montréal and a BA in Business Administration from HEC Montréal. Hebegan his career at PwC before joining Hydro-Québec where he carried outmany large-scale projects and oversaw commercial activities and energy transactions for Hydro-Québec Productionfor overten years. After that, he heldmanagement positions in organizations such as CGI, Solargise Canada and Cofomo. In 2020, he joined the Fonds de solidarité FTQ as Vice President, Private Equityand Impact Investments –Structuring Capital, Energy and Environment.

Nicolas Jacob

Managing Director and Head of Clean Technology, Investment Banking

National Bank of Canada

Nicolas serves as Managing Director and Head of Clean Technology at National Bank where he leads the cross-Canadian financing and advisory practice focusing on established and early-stage companies in energy transition, climate technology, sustainability and other related industries. Through his career, he has been involved numerous M&A, restructuring and financing transactions (private and public) totaling over $50B. In his role, Nicolas oversees the coverage of Canadian clients across various sectors including electrification of transportation, clean fuels such as biofuels and hydrogen, decarbonization of industrial processes, and circular economy.

Sandra Odendahl, P.Eng, CFA

Senior Vice President and Head, Sustainability and Diversity

BDC

Sandra Odendahl is Senior Vice President and Head, Sustainability and Diversity at BDC. Sandra leads all facets of BDC’s Corporate Sustainability and ESG strategy and programs, including the bank’s renewed and enhanced focus on the environment as well as its diversity, equity and inclusion strategy. She is also responsible for overseeing BDC’s strategic partnerships with organizations that help deliver economic, social and environmental impact in communities across Canada. Sandra holds a Master of Applied Science Degree in Chemical Engineering from the University of Toronto and is a CFA charter holder.

Patrick Gagné

Chief Executive Officer

Cycle Momentum

John East

Former CEO

Actel

John East was the CEO of Actel – A Silicon Valley semiconductor company — for 22 years.  He led the company from its start-up phase through a successful IPO and finally into a merger with what would later become MicroChip Technology.  He currently serves on the boards of directors of SPARK Microsystems – a Quebec-based start-up involved in developing high speed, low power radios — and Cycuity — a Silicon Valley start-up involved in hardware security.   He is presently an advisor to Silicon Catalyst — a Silicon Valley based incubator.  He recently authored the book “Silicon Valley the Way I Saw It”. 

Mr East holds a BS degree in Electrical Engineering and an MBA both from the University of California, Berkeley.

Mark Little

Advisor

Mark Little has 35+ years in the energy industry, including 23 years at Imperial/Exxon, and most recently President & CEO, Suncor Energy (2019-2022). He is continuing to advocate for Canada’s energy industry, including emission reduction and emerging technologies.

Mark is currently an advisor to several organizations including Cycle Capital for Fund V. Past appointments and memberships include Founding CEO, Pathways Alliance; Resource sector representative, Industry Strategy Council; Governor Oil & Gas, WEF; Board of Governors, CAPP; Chair, Syncrude Canada; Member, Accenture Global Energy Board; Founding board member, Energy Safety Canada; Co-chair, Aboriginal Procurement Campaign, CCAB; Board member, BCC.

Julia Attwood

Head of Sustainable Materials

BloombergNEF

Julia Attwood leads the Sustainable Materials team at BloombergNEF. She writes about pathways to decarbonisation for heavy industry, focusing on the circular economy, CCUS, and sustainable materials. Prior to this, she was BNEF’s expert in lithium-ion battery technologies, costs and supply chain. Before joining BNEF, Julia researched advanced polymer composites. She holds a PhD in Materials Engineering from the University of Cambridge.

Benoit Forcier

Senior Partner

Circular Innovation Fund

Benoit Forcier is a Senior Partner at Cycle Capital where he leads the Circular Innovation Fund (CIF), global growth-stage venture capital fund focused exclusively on circular innovation, striving to positively contribute to climate change mitigation and the circular use of resources. Managed by Cycle Capital and Demeter, a team of financial entrepreneurs with years of cleantech-focused capital management experience, with the support of anchor investors L’Oréal, the fund’s mission is to accelerate the growth of circular innovation, close the loop on single-use waste and re-design our economy for a more sustainable future.

Benoit has more than 27 years of experience in finance and business development, including 15 years of technology and venture capital investing throughout Ontario, Quebec, Atlantic Canada, and the U.S. Benoit joins the CIF after four years at BDC as part of the Cleantech Practice where he played an instrumental role in supporting high-impact cleantech companies to successfully scale. Before joining BDC, Benoit was a Partner at Cycle Capital, where he was the investment lead and board member of six portfolio companies across three funds. Before that, he was VP of Investment at Innovacorp, Nova Scotia’s crown corporation in early-stage venture capital. Benoit started his career in the telecom sector with BCE Inc., followed by Telesystem International Wireless where he oversaw venture and corporate investment, strategic alliances and risk and treasury management.

Maya Colombani

Chief sustainability & Human Right Officer

L’ORÉAL

Strong of an international career of more than 20 years at L’Oréal, Maya Colombani held positions as International Marketing Direction, carried out missions of brand creation in India, before joining L’Oréal Brazil in June 2010 as Marketing and Innovation Director.

Since the end of 2016, she has served as Chief Sustainability officer & Human Rights for Brazil and since 2022 in Canada. In this role, she profoundly transformed L’Oréal value chain including sustainability impact in all the decision taken from the product creation until the recycling process.

She has implemented strong social actions with communities and autochthones but also supported  impactful regeneration programs in Amazonia as well as in Canada.

Jason Robinson

CEO and co-founder

Evoco

Jason Robinson is the CEO and co-founder of Evoco, a global material innovation company. With over 20 years of experience in cleantech, Jason is dedicated to reducing society’s dependence on oil.   He began his journey in renewable energy with biofuels and has worked globally to commercialize scalable renewable technologies.  

Inspired by nature to create high-performance products from plant-based technology and materials, Jason founded Evoco from ecological passion and a vision for a better future. 

He holds a chemical engineering degree from McMaster University and an Executive MBA from the Richard Ivey School of Business.