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D-Wave Systems, Ionomr Innovations and MineSense Technologies Receive $18.3 Million in SDTC Cleantech Funding
Friday, June 1, 2018Company Profile | Follow Company
Government of Canada announces $26.3-million investment in clean technology with the potential to transform industries
Vancouver, BC, June 1, 2018--(T-Net)--Sustainable Development Technology Canada (SDTC) announced today that Vancouver-based D-Wave Systems, Ionomr Innovations and MineSense Technologies will share $18.3 Million in SDTC cleantech funding (funded by Government of Canada).
Sustainable Development Technology Canada (SDTC) is a foundation created by the Government of Canada to advance clean technology innovation in Canada by funding and supporting small and medium-sized enterprises in developing and demonstrating clean technology solutions. SDTC has invested almost a billion dollars in close to 350 ideas and more than 300 companies.
SDTC announced a federal investment of $26.3 million in four companies (3 in BC) including:
"Our government's investments in clean tech reflect our commitment to protecting the planet and growing our economy. They also point to a clear direction for economic development through innovation. That's because innovations in clean tech have the potential to create thousands of well-paying middle-class jobs for Canadians. That's how innovation leads to a better Canada." said Navdeep Bains, Minister of Innovation, Science and Economic Development.
"These companies are great examples of how Canadian innovations are poised to improve Canada's economy while protecting the environment. SDTC's investments in D-Wave, MEG Energy, MineSense and Ionomr will deliver environmental benefits to multiple industries and demonstrate our government's commitment to helping businesses scale and compete on the global stage." stated Leah Lawrence, President and CEO, Sustainable Development Technology Canada.
Quick facts
Contact:
Karl W. Sasseville, Press Secretary, Office of the Minister of Innovation, Science and Economic Development, 343-291-2500;
Media Relations, Innovation, Science and Economic Development Canada, 343-291-1777, ic.mediarelations-mediasrelations.ic@canada.ca;
Sho Sengupta, Manager, Communications, Sustainable Development Technology Canada, media@sdtc.ca, 613-234-6313, extension 310
http://www.ic.gc.ca/eic/site/icgc.nsf/eng/home
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Sustainable Development Technology Canada (SDTC)
Ottawa (Government)
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