OTTAWA, ON, August 15, 2019 \u2013 Sustainable Development Technology Canada recently expanded its reach by piloting seed funding to find and support Canada\u2019s most promising early-stage cleantech entrepreneurs. To do so, SDTC is partnering with up to eight incubators and accelerators across the country. The pilot was launched in May with four grants of $100,000 or less to companies with potential breakthrough technologies in agriculture, energy, power generation, and traffic management. Today SDTC is announcing investment in a further five new game-changing innovators, and partnerships with cross-Canadian accelerators from St. John\u2019s, NL to Victoria, BC.<\/p>\n
Clean technology is a megatrend that will affect most sectors at varying speeds. This initiative will provide the right funding at the right time to help cleantech entrepreneurs develop businesses that are tackling some of the world\u2019s greatest sustainability challenges.<\/p>\n
By partnering with a select group of business accelerators, SDTC\u2019s funding will fuel the growth of these companies by expanding on the support, such as training, mentorship, office space, tools, and community, already being provided through the accelerator or incubator. SDTC is identifying a cross-section of promising new cleantech entrepreneurs by providing up to 30 grants of $50,000 to $100,000 each this pilot year.<\/p>\n
The five companies receiving investment demonstrate the remarkable breadth of technology innovation taking place across Canada today. Each is receiving a grant of $100,000.<\/p>\n
Quotes<\/p>\n
\u201cSupporting Canadian clean technology is not just important for our economy, it also creates good jobs while helping to protect our environment. In the fight against climate change, the work these companies are doing is more important than ever. Through SDTC, our government is helping early-stage entrepreneurs achieve their full potential and, ultimately, solve some of our biggest environmental challenges.\u201d<\/p>\n
\u2014 The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development<\/p>\n
\u201cThrough our partnerships with start-up accelerators across Canada, SDTC\u2019s Seed Fund supports true entrepreneurship; recipients are people who know that transformative environmental and economic change starts at the local level. From St. John\u2019s to Victoria \u2013 we are proud to do our part to support these innovators in their quest to help change the world.\u201d<\/p>\n
\u2013Leah Lawrence, President & CEO, Sustainable Development Technology Canada<\/p>\n
We are so excited to receive funding and mentorship from SDTC! This funding will enable us to create a more efficient indoor garden that can create even more fresh produce and allow us to get more classrooms and households growing. This is an incredible opportunity to help scale the impact that environmental focused technology companies can have on the world.<\/p>\n
\u2013Emily Bland, CEO, Sucseed<\/p>\n
The support from SDTC\u2019s pilot project is an incredible\u00a0opportunity for us to accelerate the growth of our company by fuelling our technology\u00a0advancements and commercial readiness. It will help us bring to market our autonomous\u00a0solar-powered boats to collect ocean data safely,\u00a0affordably and without\u00a0greenhouse gas emissions, transforming how we protect and understand our oceans.\u00a0We\u2019re honoured to be a recipient of\u00a0this investment and be supported by an\u00a0organization committed to making Canada a leader in cleantech.<\/p>\n
\u2013Julie Angus, CEO, Open Ocean Robotics<\/p>\n
We are delighted to be selected as an SDTC seed fund recipient. We see this partnership as crucial in our mission to develop and market technologies that will significantly change how the maritime shipping industry works. Not only do we look to make the industry more efficient with less congestion and better asset management, we believe our innovative technologies will help reduce greenhouse gas emissions and make the industry safer. We see our selection into the fund as confirmation that we are on the right path, as we bring an innovative idea to materialize into a game-changing product.<\/p>\n
\u2014 Jennifer Ivens, Founder and CEO, Canscan Tech<\/p>\n
The SDTC Seed Fund positions Stream to enter the global market with the partnership of our local ecosystem. A strong entrance makes us look bigger than we are; a powerful advantage as we engage fortune 500 companies in our early days. We are thrilled to be recipients of the seed investment, and look forward to a lasting relationship with SDTC as we continue to scale.<\/p>\n
\u2014 John Murphy, CEO, Stream Technologies Inc.<\/p>\n
By utilizing Artificial Intelligence and proprietary models, Pani Energy\u2019s real-time optimization technology reduces the resources (energy, chemical, other consumables and GHG) used in industrial and municipal treatment and desalination infrastructures by up to 30%. We are delighted to partner with SDTC through this modest injection of seed fund that itself has set a benchmark through a balance between speed and diligence in its delivery and execution. This fund in combination with equity financing will accelerate Pani\u2019s commercialization efforts and multiply the environmental impact in the water industry within Canada and abroad.<\/p>\n
\u2013Devesh Bharadwaj, CEO, Pani Energy<\/p>\n
\u201cWe are thrilled that two of our cleantech portfolio companies Pani Energy and Open Ocean Robotics are able to participate in SDTC\u2019s seed-funding pilot program. Access to this type of funding provides the support needed for early-stage entrepreneurs to launch into their markets. Programs like this are an incredible opportunity for these two bright entrepreneurs, as well as the clean technology community across Canada.\u201d<\/p>\n
\u2013Richard Egli, Managing Director, Alacrity Foundation of BC<\/p>\n
\u201cThis funding helps put Canada on the world stage. It\u2019s a great example of how SDTC is responding to entrepreneurs committed to solving environmental problems that can be globally scaled. This isn\u2019t just an investment in the companies, it\u2019s an investment in the environment and our future. We look forward to the progress of all the promising recipients of SDTC\u2019s funding.\u201d<\/p>\n
\u2013Darrell Petras, Executive Vice-President, TEC\u00a0Edmonton<\/p>\n
\u201cGenesis is honored to receive this support from SDTC. We believe strongly in the potential of clean technology and the talented entrepreneurs achieving success in this sector. The funding from SDTC will support and inspire the growth of our client companies and will ultimately positively affect the environment and economy as a whole.\u201d<\/p>\n
\u2013Michelle Simms, President & CEO, Genesis<\/p>\n
Background<\/strong><\/p>\n SDTC is pilot-testing a new funding approach, partnering with established accelerators to find and support promising early-stage Canadian environmental entrepreneurs. Up to 30 grants of $50,000 to $100,000 each will be available under the program. Working with accelerators gives SDTC access to a cross-section of entrepreneurs who would not have otherwise been able to access federal dollars.<\/p>\n On May 8, 2019, The Honourable Mary Ng, Minister of Small Business and Export Promotion, announced SDTC\u2019s Seed Funding pilot program at SDTC\u2019s fourth annual cleantech leadership summit in Ottawa.<\/p>\n With the support of technology accelerators, the funding process is simple and streamlined. This program will have an immediate impact, getting capital to where it\u2019s needed, quickly. SDTC is working with accelerators who are focussed on the start-up successes of Canadians from coast to coast:<\/p>\n SDTC is responding to what we have heard from Canadian entrepreneurs, transforming the Canadian technology ecosystem by providing federal support earlier in the life cycle of bringing promising ideas to life. The program supports true entrepreneurship; recipients are the kind of people who are betting their life savings on showing that something important can be done better.<\/p>\n The initial recipients are:<\/p>\n OTTAWA, ON, August 15, 2019 \u2013 Sustainable Development Technology Canada recently expanded its reach by piloting seed funding to find and support Canada\u2019s most promising early-stage cleantech entrepreneurs. To do so, SDTC is partnering with…<\/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-600","post","type-post","status-publish","format-standard","hentry","category-all-sectors"],"acf":[],"yoast_head":"\n\n
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