Combined natural gas and tech funds offer $30M over three years
OTTAWA—Sustainable Development Technology Canada is offering cleantech developers the chance to receive funding for research and development and commercialization. The government of Canada-funded organization’s SD Tech Fund and SD Natural Gas Fund are open for applications from Aug. 26 to Oct. 14.
The Tech Fund and Natural Gas Fund together represent a combined total of $30 million in funding opportunities over three years.
“Cleantech represents that double bottom line, bringing together environmental goals and economic activity in a way that generates jobs and opportunity across Canada,” Leah Lawrence, president and CEO of SDTC, said. “And what an opportunity it represents for Canada: recent reports peg the Canadian cleantech market at $12 billion. We look forward to working with entrepreneurs and technology developers from all corners of the country to get their cleantech innovations closer to market.”
The SD Tech Fund supports technologies that address the challenges of clean air, soil, water and climate change. It focuses on developing three core areas: responsible natural resource development, remote and northern community utility systems and energy efficiency for industry and communities. The fund is also interested in next generation technologies with long-term benefits for Canadians.
The SD Natural Gas Fund, which is provided in collaboration with the Canadian Gas Association, focuses on all major areas of natural gas research, including residential, commercial, industrial, transportation and power generation applications.
SDTC’s current portfolio includes 269 clean technology projects with a total value of $2.5 billion, of which over $1.8 billion is leveraged primarily from the private-sector. The organization helps bring Canadian clean technologies closer to market, readying them for growth and export markets.