SDTC kicks off new round of cleantech funding
Government of Canada offshoot calls for applications as it looks to fund development, demonstration projects
OTTAWA—Sustainable Development Technology Canada is looking to lend a helping hand to another series of innovative cleantech companies.
The foundation, which receives funding from and operates at arm’s length to the Canadian government, is calling for applications for two of its key cleantech funds. The new round of financing will help companies and entrepreneurs develop their technology through the SD Tech Fund and the SD Natural Gas Fund.
“SDTC helps bridge the gap between research and market entry for Canadian cleantech projects,” Leah Lawrence, the organization’s CEO, said. “Our funding and support comes at a critical time for many clean technology companies, allowing them to develop and demonstrate their technologies prior to product commercialization.”
SDTC’s Tech Fund gives a boost to technologies focused on addressing clean air, soil, water and climate change, while the Natural Gas Fund, which is a collaboration between SDTC and Canadian Gas Association, supports projects targeting new downstream NG technology.
As it calls for new companies to join its portfolio, SDTC has previously invested $740 million into 285 cleantech projects.
Applications for are due April 13.