Innovation Anthology #256:
Radient Technologies has moved from Vancouver to Edmonton.
Radient has commercialized technology first developed by Environment Canada for use in environmental remediation. But this microwave assisted solvent extraction process can be applied to other areas, such as herbs and nutraceuticals.
Venture capital investment from AVAC and Foragen will help Radient move into the marketing phase of its commercialization.
And the man leading that effort is Dr. David Cox, former head of TEC Edmonton, now the new president of Radient Technologies.
DR. DAVID COX: We have a nice problem. The problem is that there are so many things that you can with this technology, so many problems that you can solve, we’re spoiled for choice. And if we’re not careful, we can get distracted on too many interesting things rather than the necessary few. So job one is to understand the global market for this kind of application and then target those companies where the Radient solution will be transformative for them. And they don’t know that they need us yet. So it’s my job to show them how they need us.
David Cox says Radient will achieve this growth through licensing its technology to other companies and by manufacturing its own products.
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I’M CHERYL CROUCHER
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Program Date: 2009-09-29