Five Island companies to receive $25K grants through Innovation PEI’s Ignition Fund

Five Island companies have been announced as recipients through Innovation PEI’s Ignition Fund. They will each receive a $25-thousand grant after successfully pitching their idea through the latest Ignition Fund competition.  The recipients include Chrysoar Biologicals; Civonus Inc.; Cynapse Technologies Inc.; NanoFreeze Solutions Inc.; and Trippl Inc.  Twice a year, Island entrepreneurs and businesses are encouraged to submit their innovative business ventures or products through the Ignition Fund’s competitive process to receive up to $25,000 in seed capital.