The Government of Canada funds innovation in many ways; how is SDTC different?
Our mission is to work with entrepreneurs to help them bring their cleantech innovations to market. Our approach is characterised by our willingness to take on risk.
Private investors seek a safe return on their investment – it’s in their nature. Since innovation is never risk-free, entrepreneurs with ground-breaking technologies often find it difficult to attract investment. This is a problem, and not just for these entrepreneurs, but for Canada -- lack of financing is the main reason why many promising Canadian innovations never make it from the lab to the market, dying instead at the capital-intensive development and demonstration phase.
Cleantech solutions have an especially hard time in attracting private sector investment, because they are game-changers – risky by definition. That’s where we come in. We fund cleantech projects and coach entrepreneurs to support their path to success. It’s our way of ensuring Canadian cleantech innovation grows and prospers.
We support only the most innovative technologies – those with the right potential: the potential to meet market demand and to achieve Canada’s environmental and economic goals.
SDTC has different funds to support innovative, Canadian cleantech projects through development and demonstration.
The SD Tech Fund™ supports projects that address climate change, air quality, clean water and clean soil.
The SD Natural Gas Fund™ supports the development and demonstration of new downstream natural gas technology.
The NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC Joint Fund with ERA: The Government of Canada and Government of Alberta have launched a joint initiative between Sustainable Development Technology Canada (SDTC) and Emissions Reduction Alberta (ERA, formerly CCEMC) for clean air projects that can demonstrate reductions in greenhouse gases. The SDTC/ERA cleantech initiative will award $40 million in cleantech funding to successful projects through one streamlined, harmonized application process. With a maximum of $10 million awarded per project, the joint process allows applicants to access more funding (67% funding match from SDTC) than would be available via individual applications to SDTC or ERA.
SDTC Joint Fund with AI-EES: Alberta Innovates Energy and Environment Solutions (AI-EES) and Sustainable Development Technology Canada (SDTC) have launched a joint call for Expressions of Interest (EOI) for water technology projects. The joint AI-EES and SDTC cleantech water initiative will award $8 million in cleantech funding to successful projects through one streamlined, harmonized application process. With a maximum of $1 million awarded per project, the joint process allows applicants to access more funding (67% funding match from SDTC) than would be available via individual applications to SDTC or AI-EES.