Sustainable Development Technology Canada Opens New Round of Funding and Issues Call to Action to Canadian Cleantech Companies
February 17, 2016
Ottawa, Ontario – Continuing to support and invest in Canada’s cleantech sector—and the companies that strive to improve the environmental and economic impacts of technology through innovation and entrepreneurship —Sustainable Development Technology Canada (SDTC) is once again offering funding for Canadian cleantech development and demonstration projects. STDC’s two key funds—SD Tech Fund and SD Natural Gas Fund—open effective today and will remain open for applications through April 13th, 2016.
“SDTC helps bridge the gap between research and market entry for Canadian cleantech projects,” said Leah Lawrence, CEO of SDTC, “Our funding and support comes at a critical time for many clean technology companies, allowing them to develop and demonstrate their technologies prior to product commercialization.”
SDTC’s mandate is not only to fund promising Canadian cleantech projects but to also coach the companies that lead them as they move their technologies towards market. Added Ms. Lawrence, “We encourage cleantech innovators and pioneers to find out how SDTC can help support them in their next stages of project development and demonstration.”
SDTC Investment Priorities for 2016
SDTC’s SD Tech Fund™ supports technologies that address the challenges of clean air, soil, water and climate change. This year, SDTC has issued five areas of priority for SD Tech Fund applicants (expanded listing online at sdtc.ca):
- Responsible natural resource development
- Carbon-free power generation and distribution
- Remote and Northern Community Utility Systems
- Energy efficiency for industry and communities
- Next generation technologies with longer-term benefits for Canada
- Biofuels and Biorefineries
- Sustainable Agriculture and Food Security
- Biodiversity Protection and Enhancement
The SD Natural Gas Fund™ acts in collaboration with the Canadian Gas Association and supports the development and demonstration of new downstream natural gas technology. For 2016, the SD Natural Gas Fund™ is focused on cleantech that works to meet: residential, commercial, industrial, power generation, transportation and renewable natural gas objectives and goals (expanded priority listing online at sdtc.ca).
SDTC’s portfolio is comprised of 285 clean technology projects representing an investment of over $740 million and a market capitalization of over $2 billion. SDTC’s funding of cleantech drives job creation, productivity and economic prosperity. To become part of the SDTC portfolio of companies, please submit your application on or before April 13th, 2016 by midnight EST. To apply, you must contact a Funding Advisor (613-234-6313) to initiate the funding process prior to completing a Statement of Interest.
Further information on our funds and funding portal can be found online at 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.