NEXE Innovations Inc. announced that it has been awarded a $300,000 grant from the Province of British Columbia (BC), Canada under the BC Ignite Program. This funding will support the Company's research and development into new plant-based compostable materials in collaboration with The University of British Columbia ("UBC"), and the commercialization of its single-serve beverage pod products. The BC Ignite program is part of the Government of British Columbia's strategy to help companies to grow, create jobs, and commercialize new technologies in BC. In addition to providing funding, Innovate BC's mandate is to build the capacity of BC companies to access global markets and attract new investment. NEXE was one of three winners of Round 9 of the BC Ignite Program.