Government of Canada Continues to Support Canadian Cleantech in budget 2016
March 24, 2016
Ottawa, March 23, 2016 – Today, the Government of Canada announced its first budget under the leadership of Prime Minister Trudeau, including $50 million to Sustainable Development Technology Canada’s SD Tech Fund.
Said Leah Lawrence, President and CEO of Sustainable Development Technology Canada (SDTC), “At SDTC we fund and support the nation’s cleantech leaders as they work to tackle the pressing environmental challenges of the day. The Government of Canada’s renewed commitment to this sector will ensure that cleantech companies in all of Canada’s key industries can continue to innovate, develop and demonstrate technologies that will protect our air, water, and land for generations to come.”
This investment will help to drive growth, improve the livelihoods of Canadians, create jobs and contribute to Canada’s innovation agenda.
In its almost fifteen years of operation, SDTC has allocated $928 million to 320 clean technology projects and has a total portfolio value of over $3.38 billion. SDTC portfolio companies have also benefited from an additional $2.45 billion of leveraged funding from the private sector.
For more details, visit the SDTC website at www.sdtc.ca
Sustainable Development Technology Canada (SDTC) acts as a primary catalyst in building a sustainable development technology industry in Canada, funding and supporting Canadian cleantech projects across a number of sectors. SDTC invests in Canadian companies that through their innovative technologies bring positive contributions to Canada: creating quality jobs, driving economic growth, and preserving our environment. SDTC is a foundation funded by the Government of Canada.