TORONTO—Canadian clean technology firms will have a new avenue to use as they look to attract funding with the launch of an online service dedicated to the sector.
Launched this week by The Funding Portal Inc. in collaboration with federally-funded Sustainable Development Technology Canada (SDTC), The Funding Portal_Cleantech is aimed at helping cleantech companies secure public and private financing to support their research and development and commercialization efforts.
“The new cleantech portal will create a common destination and systems for matching cleantech investment opportunities into sources of financing,” Funding Portal chief executive Teri Kirk said in a statement.
“Our partnerships with investor groups … and industry play an important role in building out the portal as an investment hub for Canada’s innovations sector.”
There are currently 269 cleantech projects in SDTC’s portfolio valued at a combined $2.5 billion.
“One of SDTC’s goals is to encourage investment in cleantech innovations that deliver financing and environmental returns. The Funding Portal_CleanTech platform helps bring opportunities in front of investors and put them on the path to commercialization,” said Jane Pagel, acting CEO for SDTC.
“The portal is one great way to pull together the players needed to build out Canada’s capabilities in cleantech R&D.”
According to Funding Portal findings from 2013, the cleantech sector in Canada ranks third in terms of attracting private sector investment, and attracted 187 per cent more venture capital investment last year than in 2012.
To find out more about the new cleantech portal, log on to TheFundingPortal.com/CleanTech.