SDTC helps Canadian entrepreneurs on their path to commercialization
June 7, 2022
From start-up to scale-up, each investment provides the support Canadian companies need to grow a successful sustainable business.
As the largest funder of small and medium sized sustainability companies in Canada, Sustainable Development Technology Canada (SDTC) has the privilege of seeing firsthand the innovation happening in communities, large and small, across the country.
Today, SDTC announces an investment of $19.1 million in two Canadian companies: Miovision Technologies and KSM Inc. These companies are returning to SDTC’s portfolio as they grow and embark on the next stage of their journey to commercialization.
Based in Kitchener, ON, Miovision Technologies is focused on solving the real-world traffic problems of today and tomorrow. Miovision has secured scale-up funding of $16.6M to develop an intelligent traffic management solution that will enabling automatic traffic signal timing optimization and full remote access and control.
Miovision’s digital intersection will enable the use of sensors and AI modeling to monitor and optimize traffic signals to decrease congestion and environmental impacts due to vehicle emissions.
KSM Inc. is a leader in the circular economy. Using mining residue, KSM is producing a sustainable fertilizer through a low energy process. KSM’s high-end fertilizers have less impact on the soil, producing healthier crops and improved crop yields. KSM is receiving $2.5M to enhance their production capacity in Thetford Mines, QC.
The companies SDTC funds are generating economic benefits in the communities in which they live, creating highly skilled jobs and offering alternative solutions that are not only more sustainable, but also more cost-effective and more energy-efficient.
From seed to start up to scale up, SDTC is supporting Canadian entrepreneurs throughout their entire journey to commercialization. For Canada to meet the challenge of Net Zero and become a global market leader in sustainable technologies, no matter how great the invention may be, if it doesn’t deploy, it doesn’t matter.
Quotes
“We are investing in innovators across the country who will bring their sustainable solutions for a cleaner and stronger future to market. These incredible entrepreneurs are creating economic and environmental prosperity for all Canadians, and we are proud to support them on their journey.”
– The Honourable François-Philippe Champagne, Minister of Innovation, Science, and Industry
“All across our country, Canada’s entrepreneurs are creating real solutions to help combat climate change. We are proud to support these companies on the next stage of their journey to commercialization and look forward to helping them showcase their made-in-Canada solutions to a growing global market.”
– Leah Lawrence, President, and CEO of SDTC
Media Relations
Sustainable Development Technology Canada
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