Last week Sustainable Development Technology Canada (SDTC) announced its 18th round of funding for Canadian clean technology demonstration projects. Canadian entrepreneurs and technology developers with new technologies and a compelling business case are encouraged to submit Statements of Interests to the SD Tech Fund from September 1st to October 20th.
“SDTC is helping companies commercialize their new technologies, creating jobs and increasing the competitiveness and efficiency of the Canadian economy” said SDTC President and CEO Vicky J. Sharpe, “SDTC investment of $478M, combined with an active portfolio support strategy, has catalyzed an additional $2.4B in follow-on funding into some of the most promising high growth Canadian companies.”
While applications for technology solutions related to Climate Change, Clean Air, Soil and Water are encouraged, SDTC’s current priority focus include technology solutions that:
- Mitigate environmental impacts associated with Canada’s natural resource sector including “green mining”, cleaner fossil fuels and forestry
- Enable cleaner energy production and improved energy efficiency of the built environment, transportation and industrial processes
- Improve the efficiency of the largest water users and address the most sensitive points of water contamination
- Increase yield and improve temperature and drought resistance of agricultural crops and mitigate land-use changes and biodiversity loss
SDTC is a not-for-profit corporation created by the Government of Canada to finance and support the late-stage development and pre-commercial demonstration of clean technologies. SDTC helps companies through the critical juncture when capital and scaling costs become formidable challenges and the risk profile deters many other investors. The SDTC portfolio is currently comprised of 195 clean technology projects, for a total value of $1.6 billion.
With the current round, SDTC is accepting applications until October 20th. Potential applicants are requested to first review the application process and funding requirements and then schedule an initial call with an Applications Manager by emailing applications@sdtc.ca.