{"id":533,"date":"2018-05-31T14:27:05","date_gmt":"2018-05-31T14:27:05","guid":{"rendered":"https:\/\/sdtc-2024-staging.sociationdev.com\/?p=533"},"modified":"2020-01-05T17:19:17","modified_gmt":"2020-01-05T17:19:17","slug":"government-of-canada-invests-in-world-leading-clean-technology-innovations","status":"publish","type":"post","link":"https:\/\/sdtc-2024-staging.sociationdev.com\/en\/government-of-canada-invests-in-world-leading-clean-technology-innovations\/","title":{"rendered":"Government of Canada invests in world-leading clean technology innovations"},"content":{"rendered":"<p>Minister Bains announces $26.3-million investment in clean technology with the potential to transform industries<\/p>\n<p>May 30, 2018\u00a0\u2013 Ottawa, Ontario<\/p>\n<p>To benefit Canadians, our economy and the environment, the Government of Canada is contributing to the development of technologies that lead to less pollution, healthier communities and the creation of well-paying middle-class jobs.<\/p>\n<p>Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a federal investment of $26.3 million in four companies. The Minister made the announcement at\u00a0<a href=\"https:\/\/sdtc-2024-staging.sociationdev.com\">Sustainable Development Technology Canada<\/a>\u2019s (SDTC) Cleantech Leadership Summit. This third annual summit brought together 150 clean tech CEOs and thought-leaders from across Canada to discuss opportunities for Canadian clean technology producers to compete and win in the global economy.<\/p>\n<p>The four companies receiving funding today join the more than 300 others that SDTC has invested in since 2001. The investment announced today by Minister Bains includes:<\/p>\n<ul>\n<li>10 million to\u00a0<a href=\"https:\/\/www.dwavesys.com\/home\">D-Wave Systems Inc.<\/a>\u00a0of Burnaby, British Columbia, which is developing quantum computing systems that are more energy-efficient and help reduce emissions from high-performance computing.<\/li>\n<li>$2.3 million to\u00a0<a href=\"http:\/\/www.ionomr.com\/\">Ionomr Innovations Inc.<\/a>\u00a0of Vancouver, British Columbia, which has developed a more efficient, durable and cost-effective membrane system for water treatment and purification, grid-level energy storage, and clean-tech energy generation.<\/li>\n<li>$4 million to\u00a0<a href=\"http:\/\/minesense.com\/\">MineSense Technologies Ltd.<\/a>\u00a0of Vancouver, British Columbia, which is making the mining process cleaner and more efficient using sensor technology and data analytics.<\/li>\n<li>$10 million to\u00a0<a href=\"http:\/\/www.megenergy.com\/\">MEG Energy Corp.<\/a>\u00a0of Calgary, Alberta, which is developing a way to improve bitumen recovery in oil sands development and production while reducing greenhouse gas emissions and water consumption.<\/li>\n<\/ul>\n<p>These investments demonstrate that the environment and the economy can go hand in hand.<\/p>\n<p>Investments in clean tech are part of the Government\u2019s\u00a0<a href=\"http:\/\/www.budget.gc.ca\/2017\/docs\/plan\/chap-01-en.html\">Innovation and Skills Plan<\/a>, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.<\/p>\n<p>Quotes<\/p>\n<p>\u201cOur government\u2019s investments in clean tech reflect our commitment to protecting the planet and growing our economy. They also point to a clear direction for economic development through innovation. That\u2019s because innovations in clean tech have the potential to create thousands of well-paying middle-class 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>\u201cThese companies are great examples of how Canadian innovations are poised to improve Canada\u2019s economy while protecting the environment. SDTC\u2019s investments in D-Wave, MEG Energy, MineSense and Ionomr will deliver environmental benefits to multiple industries and demonstrate our government\u2019s commitment to helping businesses scale and compete on the global stage.\u201d<\/p>\n<p>\u2013 Leah Lawrence, President and CEO, Sustainable Development Technology Canada<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minister Bains announces $26.3-million investment in clean technology with the potential to transform industries May 30, 2018\u00a0\u2013 Ottawa, Ontario To benefit Canadians, our economy and the environment, the Government of Canada is contributing to the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"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-533","post","type-post","status-publish","format-standard","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>Government of Canada invests in world-leading clean technology innovations ~ 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 property=\"og:title\" content=\"Government of Canada invests in world-leading clean technology innovations ~ Sustainable 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