Canadian Government Funding: SDTC NextGen Biofuels Fund
Sustainable Development Technology Canada (SDTC) is a not-for profit foundation that finances and supports the development and demonstration of clean technology aimed at solving issues related to climate change, clean air, water quality and soil, and deliver economic, environmental and health benefits to Canadians. Currently, these next generation technologies, which are resource intensive, are not progressing to market because they present too great a risk for many institutions to assist them with financing.
Sustainable Development Technology Canada Funding for Small Business Innovation:
Sustainable Development Technology Canada bridges the funding gap in the innovation chain by offering Canadian government funding to help clean-technology projects through this crucial stage. SDTC operates two funds: the $590 million SD Tech Fund, and the $500 million NexGen Biofuels Fund. Both of these funds focus on helping companies through the development and demonstration stages of the technological innovation process. The NextGen Biofuels Fund is positioned downstream from the SD Tech Fund, and therefore the SD Tech Fund can be a feeder to the NextGen Biofuels Fund. The NextGen Biofuels Fund is open to all cellulosic ethanol and new biodiesel technologies once they have been successfully demonstrated at the pilot scale.
NextGen Biofuels Government Funding Program:
The NextGen Biofuels government funding for business has been created in an effort to establish first-of-kind commercial scale demonstration facilities where the production of next-generation renewable fuels and products can take place. The NextGen Biofuels Fund incorporates a requirement that all contractual agreements between SDTC and Eligible Recipients include repayment terms based on free cash flow over a period of 10 years after project completion.
Contact a Canadian Government Funding Expert for Support
For more information on SDTC’s government funding for business initiatives contact a Canadian government funding expert, or click on one of the links above for the most recent updates on these specific funds. You can also sign up for our Small Business Grants Ontario Weekly E-Newsletter for updates on business loans Ontario and government grants for small business.