• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Techcouver.com

 
  • News
  • Events
  • Interviews
  • Thought Leadership
  • Web Summit Vancouver
  • Jobs
  • About
    • Contact Us

Kelowna’s INCA Renewable Technologies Secures $55 Million for Hemp-based Bio-composites

April 25, 2023 by Techcouver Newsdesk Leave a Comment

Kelowna’s INCA Renewable Technologies, a leading manufacturer of natural fiber composites, announced today that the company has secured a $55 million funding commitment as part of a Series B round from a private New York Family Office.

The announcement was made at the international JEC Composites Show Start-up Booster Competition, where INCA was participating.

The funding will enable INCA to commercialize its line of hemp-based, advanced bio-composites for Toyota North America, Winnebago Industries, and Gurit, as well as move forward with construction of its hemp fiber processing facility in Western Canada. Completion of the project will make INCA the first vertically integrated natural fiber composites company in the world.

INCA’s team has deployed their decades of award-winning experience in fiber processing and bio-composites innovation and manufacturing to produce lighter prepregs for the automotive industry, large dimensional panels to replace plywood in RV sidewalls, cores for wind turbine blades and boats, and compounded pellets to replace glass-reinforced plastics.

The product line will be manufactured from hemp which has been legally grown in the Canadian Prairies since 1998, primarily for plant-based protein. INCA will acquire the waste biomass from large growers, refine it into long fiber, short fiber, and hurd and manufacture the full product line.

The New York Family Office CEO said, “As the shift to new lighter, stronger composite materials which reduce carbon footprint is accelerating. Our firm sees the value of this innovative technology, which is not only good business, but on Earth Day, good for the planet.”

“Our ability to transform a low-cost raw material into a set of patented high-value products, will enable our customers to produce lighter, stronger, lower cost and far more environmentally sustainable products. We think it is a winning value proposition,” added INCA’s Chairman and CEO, David Saltman.

Filed Under: News Tagged With: INCA Renewtech

 

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

 

Stay Connected

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter

Community Partners

About Us

Techcouver provides real-time reporting and analysis of emerging technology news in Vancouver and throughout British … READ MORE... about About Us

Copyright © 2025 Incubate Ventures | Techtalent.ca · Decoder.ca · Calgary.tech · Fintech.ca · CleanEnergy.ca | Privacy