Feds invest $55M in Canadian clean technology innovations
by CM Staff
More than $55 million to support R&D on clean solutions in the energy, agricultural and resources sectors
OTTAWA — 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.
“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,” said François-Philippe Champagne, Minister of Innovation, Science and Industry, in a prepared statement. “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.”
The 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 will enable SDTC to support even more Canadian entrepreneurs as they develop and commercialize clean technologies and bring Canadian innovations to the world.
Eleven Canadian companies were recently placed on the 2021 Global Cleantech 100 list.