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Government of Canada Announces Investment of $55.1 Million in 20 Canadian CleanTech Companies
Tuesday, February 16, 2021Company Profile | Follow Company
More than $55 million to support R&D on clean solutions in the energy, agricultural and resources sectors
Vancouver, BC, February 16, 2021--(T-Net)--The Government of Canada announced investments of $55.1 million in 20 clean technology companies across Canada through Sustainable Development Technology Canada (SDTC).
This funding will support small and medium-sized companies that are developing innovative solutions to help reduce greenhouse gas emissions, lessen the environmental impacts of conventional mining methods and support more sustainable agricultural practices.
The government indicated in a release that this support also builds on the government's strengthened climate plan, A Healthy Environment and a Healthy Economy, announced by Prime Minister Trudeau on December 11, which included an investment of $750 million over five years to re-capitalize SDTC.
This investment—the single largest investment in SDTC ever made by the Government of Canada—will enable SDTC to support even more Canadian entrepreneurs as they develop and commercialize clean technologies and bring Canadian innovations to the world.
The world is recognizing Canada's leadership in the clean technology space. Eleven Canadian companies—nine of which were funded by SDTC—were recently placed on the 2021 Global Cleantech 100 list.
Listed below are the 20 companies receiving funding under this announcement:
Agriculture:
Energy Exploration & Production:
Energy Utilization:
Power Generation:
Waste Management:
"As Canada continues to navigate the uncharted waters of the global pandemic, our government is making the investments now that will allow us to come together for change to build a stronger, greener and more resilient economy. With today's support, we are securing Canada's leadership in the large and growing global clean technology market and ensuring a more sustainable future for all Canadians." stated François-Philippe Champagne, Minister of Innovation, Science and Industry.
"Canada is home to a vibrant cleantech sector that punches above its weight, and our government is committed to supporting their important work. Canada's cleantech companies like those funded today are a critical part of our plan to reduce emissions and create economic opportunities across the country." said Jonathan Wilkinson, Minister of Environment and Climate Change.
"Today's investment will enable cleantech companies in Canada to grow and scale to meet domestic and global demand for solutions in the net-zero era. From reducing energy consumption, to building the agricultural circular economy, Canadians are leading the world's transition to a green economy - and we are here to help along the way." said Leah Lawrence, President and CEO, Sustainable Development Technology Canada.
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http://www.ic.gc.ca/eic/site/icgc.nsf/eng/home
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Sustainable Development Technology Canada (SDTC)
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