Sustainable Development Technology Canada (SDTC) Invests Another $27M in Cleantech
The Canadian government is intent on making drastic improvements in clean technology within all Canadian sectors to reduce the threat that global warming poses to the world. In this mission to make the Canadian economy a cleaner and more sustainable system, an independent federal foundation, Sustainable Development Technology Canada (SDTC), assumes the responsibility of helping Canadian companies innovate new and exciting clean tech solutions.
“For an economy to be truly transformational, all sectors must be highly innovative. We are proud of the diversity of the technologies we fund in solving some of the world’s most pressing environmental challenges. Today’s investment in Canadian innovation brings us one step closer to a Net Zero economy.”
– Leah Lawrence, President, and CEO of SDTC
Since it’s inception in 2001, Sustainable Development Technology Canada has supported Canadian companies by funding the creation and improvement of new environmental technologies, acting as a liaison between private sector organizations and academia/not-for-profit organizations, and assisting in the diffusion of relevant technologies in key sectors. It is estimated that SDTC has invested just under $1.4 billion in Canadian cleantech projects, reducing 22.4 megatons of CO2 emissions annually via 177 projects.
Recent Investments by Sustainable Development Technology Canada (SDTC)
This article will look at several new investments made by SDTC which will support cleantech projects in waste, water quality, electric vehicles, and more.
“This is the time for bold and ambitious action. Our government is proud to support groundbreaking companies that are making Canada a global leader in clean technology while ensuring a greener future for everyone. These innovators are driving our economic prosperity while creating well-paying jobs across Canada. They are key to the vital shift to a healthier environment and a net-zero carbon economy.”
The Honourable François-Philippe Champagne, Minister of Innovation, Science, and Industry
Sustainable Development Technology Canada (SDTC) has invested in five organizations that are at the start-up level:
- SPARK Microsystems Intl. allotted over $7 million for a wireless transmitter technology that boasts an impressive ability to lengthen phone battery life and therefore reduce GHG emissions by extension;
- Nouveau Monde Graphite was awarded just under $6 million in funding from SDTC for their technology project, which is focused on significantly reducing GHG emissions in lithium-ion batteries by implementing a new micronized graphite solution;
- AlumaPower Corporation has received just over $5 million for a new aluminum centred battery technology that will be used for electric vehicles (EVs) for a more high-powered result that will produce carbon-free energy at a reduced expense for customers;
- E2metrix has been given $4.2 million to scale-up their waste management offerings, which leverage an electro-oxidation technology to remove industrial water and wastewater contaminants;
- OmniPly Technologies Inc. has been awarded $2 million for technology that promotes delamination technology for foldable and flexible technology devices. This improvement is expected to bring down the consumption of energy in the manufacturing process by up to 75%;
- Innord Inc. has been allotted $1.5 million for a technology which reduces the amount of waste that is generated by aluminum products in the manufacturing process; and
- RideFlag Tech Inc. secured $1.4 million for their transportation technology which focuses on reducing traffic congestion and promoting environmentally sustainable methods of transportation.
To learn more about SDTC, read our reviews of other success stories such as, Cobric Chemicals Wins SDTC Funding for Cleantech Waste-Recycling and Polar Sapphire Awarded $4.1M by SDTC for Battery Cleantech.
Government Funding Opportunities for Cleantech Businesses
There are many government funding opportunities available for Canadian businesses that operate in the cleantech sector, apart from Sustainable Development Technology Canada. To learn more about the top government funding programs open today, visit our Cleantech Funding Programs Directory for a comprehensive list. Also, consider signing up for our newsletter to keep updated on the top government funding news in Canada.
