Today's News

Ottawa, ON, May 31, 2021--(T-Net)--Sustainable Development Technology Canada (SDTC) announced $44.3 million in new funding for 11 Canadian cleantech businesses that are taking climate technology to the next level, including three companies locally in BC.

The three BC tech companies receiving new funding from SDTC are:

• Terramera Inc. in Vancouver BC, receives $7.9 million for developing a soil carbon validation tool.
  
  
• Ecoation from North Vancouver, BC receives $3.1 million for Farming as a Service (FaaS).

• Axine Water Technologies Inc. in Vancouver BC, receives $6.2 milion for the development and demonstration of a second generation, digitized wastewater treatment system.

"It is no surprise Canadian cleantech innovation is one of the best in the world," said Leah Lawrence, President and CEO of SDTC. "Today's investment will ensure we continue to strengthen Canadian entrepreneurship and empower cleantech innovators to lead the global path to Net Zero. Congratulations to all the companies receiving funding today, we are inspired by your commitment and dedication to sustainable development and are proud to support you on this journey."

The eleven Canadian cleantech companies receiving SDTC funding are developing innovative climate technologies across the following sectors:

Agriculture

• Terramera Inc. in Vancouver BC, receives $7.9M for developing a soil carbon validation tool.
  
  
• Ecoation from North Vancouver, BC receives $3.1M their Farming as a Service (FaaS).

Chemical Products

• Lorama Group Inc.. in Mississauga, ON receives $2.6M for developing bio-adhesive to replace formaldehyde-based adhesives for wood composite board production.
  
  
• Pyrogenesis Canada Inc. in Montreal, QC receives $0.7M for developing a new plasma process to produce fumed silica.

Energy Utilization

• Molded Precision Components in Oro-Medonte, ON receives $9.3M for Pellet-to-Pallet: Green Advanced Manufacturing of Plastics
  
  
• QEA Tech Inc. in Markham, ON receives $1.1M for developing an AI-powered drone platform and quantifying energy losses from outside the building.
  
  
• OPTEL Group in Quebec, QC receives $3.03M to develop an Intelligent Supply Chain for Environmental Benefits.

Energy Exploration and Production

• Flyscan System Inc. in Quebec City, QC receives $1.5M for airborne detection of small liquid pipeline leaks.

Water Electrolysis

• Hydrogen Optimized in Owen Sound, ON receives $4.8M to advance the commercialization of its high current water electrolysis system for producing Green Hydrogen at scale.

Waste Management

• Environmental Material Science Inc, in Edmonton, AB receives $4.1M for Sustainable Environmental Remediation.

Water Treatment

• Axine Water Technologies Inc. in Vancouver BC, receives $6.2M for the development and demonstration of a second generation, digitized wastewater treatment system.

Watch here to learn more about these climate tech leaders.

"Canadian clean tech innovation will be the driving force behind a green economic recovery. It will not only create many thousands of well-paying jobs but also help build a sustainable future for all Canadians. With this investment in clean technologies, we are strengthening support for the Canadian innovators forging the global path to a net-zero reality by 2050" said the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry.

About Sustainable Development Technology Canada (SDTC)

Sustainable Development Technology Canada (SDTC) helps Canadian companies develop and deploy competitive, clean technology solutions, to help solve some of the world's most pressing environmental challenges: climate change, clean air, clean water and clean soil.

We do this through funding, knowledge and ecosystem connectivity - making a difference in today's hypercompetitive global market for clean technologies. By taking a cross-Canada approach, in partnership with the best peers and experts, we are the global benchmark for sustainable development innovation programming.

As an independent federal foundation and flagship program, our funding of Canadian entrepreneurs has created jobs, growth and long-term prosperity for Canada. Since inception, SDTC has invested over $1.28billion in 450 companies, creating 14,600 jobs. Our companies have reduced greenhouse gas emissions by an estimated 19.3 megatonnes annually, that is equivalent to taking almost 6 million cars off the roads every year.