{"id":515,"date":"2017-11-14T14:22:10","date_gmt":"2017-11-14T14:22:10","guid":{"rendered":"https:\/\/sdtc-2024-staging.sociationdev.com\/?p=515"},"modified":"2020-01-05T17:21:39","modified_gmt":"2020-01-05T17:21:39","slug":"supporting-quebecs-clean-technology-industry-benefits-canadians","status":"publish","type":"post","link":"https:\/\/sdtc-2024-staging.sociationdev.com\/en\/supporting-quebecs-clean-technology-industry-benefits-canadians\/","title":{"rendered":"Supporting Quebec\u2019s clean technology industry benefits Canadians"},"content":{"rendered":"<h4>MP Marc Miller announces $2.2 million for Montr\u00e9al company to develop technology for wireless communications devices<\/h4>\n<p>Canadians could be using their mobile devices for much longer without draining the battery thanks to a Government of Canada investment in a new clean technology aimed at dramatically reducing the energy needed to power wireless devices.<\/p>\n<p>The $2.2-million investment was announced today by Marc Miller, Member of Parliament for Ville-Marie\u2013Le Sud-Ouest\u2013\u00celes-des-S\u0153urs, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.<\/p>\n<p>This investment will support\u00a0<a href=\"https:\/\/sparkmicro.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><u>SPARK Microsystems<\/u><\/a>\u00a0in designing, building and testing an ultra-low power microchip. The energy-efficient chip has the potential to reduce the power consumption of devices connected to the Internet as well as the amount of waste created during battery production. That will benefit Canadian consumers and create well-paying middle-class jobs in Canada.<\/p>\n<p>This project is being funded through\u00a0Sustainable Development Technology Canada<u><\/u>, which works with Canadian companies to bring early-stage clean technologies to market.<\/p>\n<p>Investments in clean technology are part of the Government\u2019s\u00a0<a href=\"http:\/\/www.budget.gc.ca\/2017\/docs\/plan\/chap-01-en.html\" target=\"_blank\" rel=\"noopener noreferrer\"><u>Innovation and Skills Plan<\/u><\/a><u>,\u00a0<\/u>a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.<\/p>\n<h4>Quotes<\/h4>\n<blockquote><p>Investments like the one we are celebrating today are key to Canada\u2019s transition to a low-carbon economy. It is clean tech innovation that will help propel Canada\u2019s economy forward while at the same time creating new jobs and protecting our environment.\u201d<\/p>\n<p>\u2013 Marc Miller, Member of Parliament for Ville-Marie\u2013Le Sud-Ouest\u2013\u00celes-des-S\u0153urs<\/p>\n<p>\u201cOur government\u2019s investments in clean technology reflect our commitment to protecting the planet. But they also point to a clear and strategic direction for economic development through innovation. That\u2019s because innovations in clean tech will lead to products and services that have an impact on all sectors of the economy. And clean tech has the potential to create thousands of well-paying jobs for Canadians. That\u2019s how innovation leads to a better Canada.\u201d<\/p>\n<p>\u2013 The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development<\/p>\n<p>\u201cAnyone who has watched the battery life drain from their cellphone just when they need it most will want to keep their eyes on SPARK Microsystems\u2019 innovation. This ultra-low-power transceiver chip will reduce power consumption, battery waste and inputs to the manufacturing process while improving battery life across a wide range of devices.\u00a0SDTC is proud to support this game-changing clean technology.\u201d<\/p>\n<p>\u2013 Leah Lawrence, President and CEO, Sustainable Development Technology Canada<\/p>\n<p>\u201cCurrently, the battery life of a wide range of wireless devices is not sufficient for many applications, leading to high energy consumption, frequent recharge cycles, and batteries that require costly maintenance and generate significant waste. SPARK Microsystems has developed a unique wireless technology that is more energy efficient than incumbent technologies. It significantly lowers the energy used by the wireless communications function of a device in order to dramatically lower its reliance on batteries.\u201d<\/p>\n<p>\u2013 Frederic Nabki, CEO, SPARK Microsystems<\/p><\/blockquote>\n<h4>Quick facts<\/h4>\n<ul>\n<li>To help clean technology firms grow, the Innovation and Skills Plan includes investments of nearly $1.4 billion in new financing on a cash basis, starting in 2017\u201318. This new financing, through the\u00a0<a href=\"https:\/\/www.bdc.ca\/en\/pages\/home.aspx\" target=\"_blank\" rel=\"noopener noreferrer\"><u>Business Development Bank of Canada<\/u><\/a>\u00a0and\u00a0<a href=\"https:\/\/www.edc.ca\/en\/Pages\/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\"><u>Export Development Canada<\/u><\/a>, is being allocated as follows:\n<ul>\n<li>$950 million in growth capital to support clean technology producers<\/li>\n<li>approximately $450 million in additional project finance for clean technology producers<\/li>\n<\/ul>\n<\/li>\n<li>Budget 2017 also made available $400 million to recapitalize Sustainable Development Technology Canada\u2019s\u00a0SD Tech Fund, which supports the development and demonstration of early-stage clean technology projects.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>MP Marc Miller announces $2.2 million for Montr\u00e9al company to develop technology for wireless communications devices Canadians could be using their mobile devices for much longer without draining the battery thanks to a Government of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":516,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-sectors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Supporting Quebec\u2019s clean technology industry benefits Canadians ~ Sustainable Development Technology Canada<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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