The Canadian Grafoid received a $8.1 million CAD ($6.46 USD) grant from the Minister of Natural Resources and Minister Responsible for Sustainable Development Technology Canada (SDTC) to automate Grafoid's production of its low-cost, high-purity MesoGraf graphene.
This grant is meant to assist in designing and testing the automation system for the production of constant quality MesoGraf. Further, the grant enables the testing of pre-commercial products using MesoGraf graphene from the automated system.
Ottawa-based Grafoid is the first Canadian graphene technologies developer to partner with the Canadian Government, which joins the European Union, the United States, China and South Korea in providing funding assistance to privately-held graphene enterprises.
Grafoid's CEO stated that the grant will enable the company to take a giant leap towards graphene's broader commercialization and permit it to increase MesoGraf production output from kilograms to tonnes within the global technology centre in Kingston, Ontario.
In 2013, Grafoid announced the mass production of affordable high-quality graphene materials called MesoGraf and in 2014, Focus Graphite invested $1.38 million in Grafoid.