Applications being accepted for SDTC Tech Fund
By Canadian Biomass
August 29, 2014, Ottawa, Ont. - Sustainable Development Technology Canada is looking for the next wave of innovative cleantech entrepreneurs. The SD Tech Fund is now open for applications until October 15, 2014.
By Canadian Biomass
August 29, 2014, Ottawa, Ont. – Sustainable Development Technology
Canada is looking for the next wave of innovative cleantech entrepreneurs. The
SD Tech Fund is now open for applications until October 15, 2014.
Through its SD Tech Fund, SDTC helps companies through the
critical juncture when capital and scaling costs become challenges and the risk
profile deters other investors.
“Cleantech ensures the economic viability and environmental
responsibility of Canada’s major sectors, including natural resources and
manufacturing,” Jane E. Pagel, Acting President and CEO of SDTC. “This creates
jobs, revenues and export possibilities for Canadian companies. These funds are
key to supporting cleantech innovations, launching them onto the world stage
where Canada can participate in the burgeoning cleantech market, valued at more
than $1 trillion today.”
SDTC supports technologies that address the challenges of
clean air, soil, water and climate change, including technology solutions
focused on these current technology priority areas:
Responsible resource development: Mitigate
environmental impacts associated with Canada’s natural resource sector through
technologies in the oil and gas, mining, and forestry sectors.
Next generation transportation: Technologies
related to next generation vehicles having reduced emissions and higher energy
efficiency, with a focus on freight transportation.
Resource and energy efficiency: Technologies
that encourage energy efficiency in buildings and industrial processes, with a
focus on industrial water use efficiency.
Clean energy: Technologies that enable clean
energy production, distributed power generation and energy storage as well as
technologies related to carbon capture and storage, integrated energy systems,
and biorefinery/biochemical production.
Agriculture: Technologies that increase yield
and improve temperature and drought resistance of agricultural crops, mitigate
land-use changes and biodiversity loss and diversify farm incomes.
Northern and remote communities: Innovative
technologies and solutions for self-sufficiency in smaller communities, such as
food security, heavy-lift transportation, small-scale renewable energy and
The SDTC portfolio is currently comprised of 246 clean
technology projects with a total value of $2.2 billion, of which over $1.6
billion is leveraged primarily from the private-sector.