{"id":550,"date":"2018-10-03T14:31:02","date_gmt":"2018-10-03T14:31:02","guid":{"rendered":"https:\/\/sdtc-2024-staging.sociationdev.com\/?p=550"},"modified":"2020-01-05T14:31:31","modified_gmt":"2020-01-05T14:31:31","slug":"minister-bains-announces-58-6-million-to-support-14-canadian-companies-through-sustainable-development-technology-canada","status":"publish","type":"post","link":"https:\/\/sdtc-2024-staging.sociationdev.com\/en\/minister-bains-announces-58-6-million-to-support-14-canadian-companies-through-sustainable-development-technology-canada\/","title":{"rendered":"Minister Bains announces $58.6 million to support 14 Canadian companies through Sustainable Development Technology Canada"},"content":{"rendered":"

Backgrounder<\/a><\/p>\n

Across Canada, companies on the leading edge of innovation and job creation are advancing clean technologies across all sectors of the economy and finding new ways to solve the world\u2019s environmental challenges. That\u2019s good for everyone: clean technologies can create well-paying jobs that will support the Canadian economy and help Canada meet its climate change goals.<\/p>\n

Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced $58.6 million in funding to 14 Canadian clean technology companies. These projects are being funded through\u00a0Sustainable Development Technology Canada<\/a>\u00a0(SDTC), which works with Canadian companies to bring clean technologies to market.<\/p>\n

The funding announced today includes support for projects in Quebec on using innovative touch technologies for people to interact with computer applications; reducing greenhouse gas emissions from the concrete industry; rehabilitating water mains; and better managing lithium-ion batteries. It also includes support for projects in Ontario on micro-LED energy technology, alumina recovery and more power-efficient cloud-based data centres. In western Canada, SDTC is supporting projects on machine learning for pumping from oil and gas wells; automation to help wind farms optimize power production; a biopesticide for use in Canadian agricultural markets; renewable canola seed oil for replacing petrochemicals in commonly used products like cushions and running shoes; and data and machine learning to improve tree fruit and nut crops while using less water and reducing greenhouse gas emissions.<\/p>\n

The investments announced today align with recommendations received from industry leaders in the\u00a0Clean Technology Economic Strategy Tables<\/a>\u00a0to address gaps in scale-up finance that will accelerate the growth of Canadian clean technology companies. Investments in clean technology are also part of the Government\u2019s\u00a0Innovation and Skills Plan<\/a>, a multi-year strategy that is positioning Canada to be a global centre for innovation, creating good middle-class jobs right across the country.<\/p>\n

Quotes<\/strong><\/p>\n

\u201cOur government supports the researchers, entrepreneurs and investors that make Canada a global leader in the growing clean technology market. These are the people who are creating the next wave of good, well-paying jobs for Canadians while protecting our clean air, water and food for generations to come.\u201d<\/p>\n

\u2013 The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development\u00a0<\/strong><\/p>\n

\u201cThis is an exciting milestone for the Canadian cleantech companies that are working tirelessly to develop ground-breaking technology solutions. Our team at Sustainable Development Technology Canada dedicated 2017\u20132018 to operating at the speed of business to better support Canadian cleantech developers. We made it simpler and more streamlined for companies to access financing, execute projects and move into the markets where they can shift from start-up to scale-up.\u201d<\/p>\n

\u2013 Leah Lawrence, President and CEO, Sustainable Development Technology Canada<\/p>\n

Quick facts<\/strong><\/p>\n