Sustainable Development Technology Canada (SDTC) is a foundation created by the Government of Canada to support Canadian companies with the potential to become world leaders in their efforts to develop and demonstrate new environmental technologies that address climate change, clean air, clean water and clean soil.
SDTC’s mission is to be a catalyst and convenor for Canada’s cleantech ecosystem by helping Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions.
To realize this mission, SDTC seeks to:
- Fund the development and demonstration of new sustainable development technologies related to climate change, clean air, clean water and clean soil.
- Foster and encourage innovative collaboration and partnering amongst the private sector, academia, not-for-profit and other like-mandated organizations to develop and demonstrate environmental technologies with respect to climate change, clean air, clean water and clean soil.
- Promote timely diffusion of new sustainable development technologies across key economic sectors in Canada.
Governance, Oversight, and Accountability
Governance and oversight of SDTC’s activities are provided by an independent, 15-member Board of Directors. The Board comprises private and not-for-profit sector leaders from across Canada with a broad range of experience and expertise. Board oversight includes accountability for the management of SDTC financial matters, strategic direction and business affairs.
In addition to being accountable to its Board of Directors, SDTC is accountable to Parliament through the Minister of Innovation, Science and Economic Development Canada (ISED).
Budget 2017 highlighted the opportunity to make Canada a true global leader in clean technology. Recognizing SDTC’s role in realizing this ambitious goal, Budget 2017 included an additional investment of $400 million over five years to re-capitalize the SD Tech Fund. This $400 million commitment is the single largest investment made by the Government of Canada since SDTC’s inception in 2001. Since 2001, the Government of Canada has committed $1.364 billion to SDTC.
At SDTC, we are advancing this goal by establishing relationships with relevant government and non-government partners to build an ecosystem of support for the companies in which we invest – our portfolio companies. This ecosystem of support will enable our portfolio companies to turn nascent clean technologies into high-growth Canadian firms. In addition to forging meaningful partnerships for our portfolio companies, we help them advance their projects in the critical stages of pre-commercial development and demonstration.
Four Key Elements: Nurture, Build, Launch & Grow
In 2015 SDTC launched its Nurture, Build, Launch and Grow business strategy. This strategy delivers a dynamic and client-centric model that enables clean technology entrepreneurs to grow companies and improve cleantech innovation in Canada.
We are creating line-of-sight to ideas and companies with potential, and working with interested and relevant partners (i.e., universities, incubators, etc.) to improve project preparedness for companies seeking SDTC funding.
As our companies build from invention toward commercialization, we strive to understand their needs and provide support wherever possible and appropriate. Our emphasis on listening to the micro and macro realities of each organization helps us improve the services and support we provide, and partners we engage.
We support SDTC-funded companies in the development of their first commercial plant or first material product order. A successful pre-commercial demonstration is not enough for a company to progress to meaningful sales and profits, particularly for capital-intensive projects. We help companies to reach the next step towards commercial deployment.
Once our SDTC portfolio companies become commercially viable, domestically and internationally, we leverage our expertise and partnerships to help them along in their journey. This includes gathering information about successes and barriers, and advocating for continued success and growth.