{"id":7055,"date":"2023-04-12T13:04:53","date_gmt":"2023-04-12T17:04:53","guid":{"rendered":"https:\/\/sdtc-2024-staging.sociationdev.com\/?p=7055"},"modified":"2023-04-12T13:04:53","modified_gmt":"2023-04-12T17:04:53","slug":"sdtc-invests-4-9-million-in-oneka-technologies","status":"publish","type":"post","link":"https:\/\/sdtc-2024-staging.sociationdev.com\/en\/sdtc-invests-4-9-million-in-oneka-technologies\/","title":{"rendered":"SDTC Invests $4.9 million in Oneka Technologies"},"content":{"rendered":"<p><span data-contrast=\"auto\">OTTAWA\u2014Sustainable Development Technology Canada (SDTC) is proud to announce an investment of $4.9\u202fmillion in Oneka Technologies Inc.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Founded in 2015, this Sherbrooke, Quebec-based company is helping to solve freshwater scarcity through a wave-powered, GHG-free alternative to conventional fossil fuel desalination processes. Their innovative system will use natural wave energy to activate pumps installed on floating buoys on the ocean floor, avoiding the use of electricity to generate freshwater.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Today\u2019s funding announcement was made by the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic development who visited Oneka\u2019s demonstration facility in Carmen de\u202fAndacollo, Chile, as part of Canada\u2019s trade mission to the country this week.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"auto\">\u201cAs a growing global population further strain freshwater supply, Oneka\u2019s cost-effective, zero-emission solution works to deliver freshwater to water-stressed coastal areas.\u200b SDTC is proud to support Oneka\u2019s technology development as they work towards making the ocean a sustainable, accessible and affordable source of freshwater.\u201d<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"auto\">\u2014Leah Lawrence, President &amp; CEO, SDTC<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This is Oneka\u2019s second project with SDTC, having received funding in 2020 as part of SDTC\u2019s seed funding program. SDTC is proud to continue to support this innovative company as they prove their technology at scale.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">As the largest funder of sustainable small and medium-sized businesses in Canada, SDTC helps entrepreneurs from seed to success.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OTTAWA\u2014Sustainable Development Technology Canada (SDTC) is proud to announce an investment of $4.9\u202fmillion in Oneka Technologies Inc.\u00a0 Founded in 2015, this Sherbrooke, Quebec-based company is helping to solve freshwater scarcity through a wave-powered, GHG-free alternative&#8230;<\/p>\n","protected":false},"author":17,"featured_media":7059,"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-7055","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>SDTC Invests $4.9 million in Oneka Technologies ~ 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=\"SDTC Invests $4.9 million in Oneka Technologies ~ Sustainable Development Technology 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