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SDTC Seed Fund Program supports promising early-stage Canadian cleantech entrepreneurs by providing grants of $50,000 to $100,000 to innovative technological projects with environmental and sustainability benefits. Potential applicants must be nominated by one of our accelerator partners.
Submitting accelerators and applicants should familiarize themselves with the Information and Eligibility Criteria below.
Approved Partners:: SDTC works in partnership with a select group of Canadian accelerators which refer applicants to SDTC for seed funding. Organizations interested in becoming an Approved Seed Fund Partner can apply through SDTC’s Portal.
Partner Onboarding Process: The partner review, approval and registration process is as follows:
Recommendation Letter: The nominating accelerator must submit a recommendation on behalf of the applicant on the Portal during the nomination period, clearly articulating the following points:
Accelerator referral and membership: The applicant must be referred to SDTC for seed funding by an SDTC-invited accelerator from which it is currently, or has been, a member in the previous 12 months.
Canadian company: the applicant must be Canadian owned and incorporated in Canada prior to applying.
Innovation: The applicant must be developing a solution with intellectual property potential.
Environmental or sustainability benefits: The project should have potential for clear and broad environmental and/or sustainability benefits.
Grants: SDTC Seed Fund will award non dilutive contributions of $50,000 to $100,000 each.
Private Equity: Applicant must have raised in private equity funding (without recourses) at least twice (200%) the amount requested as a grant from SDTC in the last 12 months.
Acceptable funding: Company must have CLOSED at least 2x the grant amount with a minimum raise of $100k from a non-government and non-related party IN CASH within the past 12 months. Investment must be for equity without recourse – no royalty, no provision for repayment ahead of return of funds to SDTC for any reason.
Not acceptable funding: Government funding, debt, Friends and Family’s or applicant’s own funds, convertible notes or debt.
No prior funding from SDTC: Applicant should not:
Timing: SDTC has developed a swift and efficient selection process and intends to be providing funding of these projects within 8 weeks from initial application.
Confidentiality: All material and information submitted by the applicant will be treated as confidential by SDTC except if required by the law.
Publicity and Announcements: Any public releases about SDTC funding from accelerators or applicants will require prior approval from SDTC.
With up to 100 companies funded annually, funding rounds open every 3-4 months with a timeline of just 8 weeks to move from application submission to payment.
Phase One: Referrals
Phase Two: Applications
Once nominations are approved by SDTC, applicants will be invited to complete their application in two steps:
Phase Three: Presentations & Deliberations
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