{"id":7609,"date":"2023-09-26T14:58:27","date_gmt":"2023-09-26T18:58:27","guid":{"rendered":"https:\/\/sdtc-2024-staging.sociationdev.com\/?p=7609"},"modified":"2023-09-27T10:57:46","modified_gmt":"2023-09-27T14:57:46","slug":"sdtcs-2023-annual-public-meeting-brings-together-key-stakeholders-in-the-canadian-innovation-ecosystem","status":"publish","type":"post","link":"https:\/\/sdtc-2024-staging.sociationdev.com\/en\/sdtcs-2023-annual-public-meeting-brings-together-key-stakeholders-in-the-canadian-innovation-ecosystem\/","title":{"rendered":"SDTC\u2019s 2023 Annual Public Meeting brings together key stakeholders in the Canadian innovation ecosystem"},"content":{"rendered":"<p><span data-contrast=\"none\">What trends are we seeing in today\u2019s investment environment and what\u2019s the outlook for the future? What can we do together as a country to propel innovation-driven growth? These were just a few of the topics discussed today, as part of SDTC\u2019s\u00a0 2023 Annual Public Meeting.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The virtual APM kicked off with a speech from SDTC Board Chair <strong>Annette<\/strong><\/span><b><span data-contrast=\"auto\"> Verschuren <\/span><\/b><span data-contrast=\"auto\">on the many highlights of the organization\u2019s 2022-23 fiscal year. It then featured a lively panel<\/span><span data-contrast=\"auto\"> discussion on the current state of Canada\u2019s innovation ecosystem moderated by SDTC President &amp; CEO Leah Lawrence. The discussion centered on Innovation-Driven Growth and panelists included <\/span><b><span data-contrast=\"auto\">Susan Rohac<\/span><\/b><span data-contrast=\"auto\">, Managing Partner, Climate Tech Fund at BDC, <\/span><b><span data-contrast=\"auto\">Leah Nguyen<\/span><\/b><span data-contrast=\"auto\">, Chief Investment Officer at InBC Investment Corp., <\/span><b><span data-contrast=\"auto\">Carl Landry<\/span><\/b><span data-contrast=\"auto\">, Managing Director at Canada Infrastructure Bank, <\/span><b><span data-contrast=\"auto\">Genevi\u00e8ve Bouthillier<\/span><\/b><span data-contrast=\"auto\">, Vice-President, Private Medium-sized Enterprises at CDPQ,and <\/span><b><span data-contrast=\"auto\">Raj DasGupta, <\/span><\/b><span data-contrast=\"auto\">CEO at Electrovaya. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For Canada to be a leader in the new economy and generate economic prosperity while creating better environmental outcomes, SDTC knows the importance of connecting the people and places where innovation happens. This can be accomplished by listening and learning from Canadian entrepreneurs, robust local ecosystems, inclusive of all people and perspectives are built and strengthened.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"none\">\u201cCanada has made significant strides in building out the start-up ecosystem in emerging sectors over the past decade, and numerous scale-up companies have emerged and are gaining traction on the global stage. Yet, gaps remain in scale-up financing and other areas like the availability of experienced board members and strategic advisors and private sector customers. To effectively accelerate innovation-driven growth in Canada, we need to gain a deeper understanding of these gaps and work together to close them.\u201d<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Leah Lawrence, President &amp; CEO, SDTC<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><strong>2022\u20132023 was a year of focusing on ecosystem growth and resiliency. Here are a few highlights of SDTC\u2019s our year in review:\u00a0<\/strong><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Despite market headwinds, our portfolio companies raised <\/span><b><span data-contrast=\"auto\">$3.5 billion<\/span><\/b><span data-contrast=\"auto\">, beating the previous record high of 2021.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">A record <\/span><b><span data-contrast=\"auto\">115 <\/span><\/b><span data-contrast=\"auto\">new projects were approved in 2022\u20132023, bringing our total active projects to <\/span><b><span data-contrast=\"auto\">229 <\/span><\/b><span data-contrast=\"auto\">as of March 31, 2023.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">We approved <\/span><b><span data-contrast=\"auto\">$196<\/span><\/b> <b><span data-contrast=\"auto\">million <\/span><\/b><span data-contrast=\"auto\">SDTC funding to sustainable technology projects -the highest level of funding for companies in our history.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">24,492 estimated total jobs<\/span><\/b><span data-contrast=\"auto\"> (direct and indirect) were generated attributable to SDTC-funded projects.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">An estimated<\/span><b><span data-contrast=\"auto\"> 24.7 megatonnes CO2e<\/span><\/b><span data-contrast=\"auto\">\u00a0 of\u00a0 annual greenhouse gas emissions were reduced as a result of SDTC-supported technologies. This reduction is equivalent to taking almost <strong>7.5 million cars<\/strong> off the roads every year.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Among the companies we funded last year, <strong>35%<\/strong> in the seed stream and <strong>22%<\/strong> in the start-up and scale-up streams were <\/span><b><span data-contrast=\"auto\">led by women<\/span><\/b><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">We added <\/span><b><span data-contrast=\"auto\">15 new accelerator partners<\/span><\/b><span data-contrast=\"auto\"> to our network, bringing the total to <strong>85<\/strong>.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">With $4.26 billion in follow on financing from public and private investors, combined with $1.71 billion of SDTC funding to projects, our total portfolio value grew to <\/span><b><span data-contrast=\"auto\">$5.97 billion<\/span><\/b><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-contrast=\"none\">For more information on SDTC\u2019s activities and results for 2022-23, please consult our <\/span><a href=\"https:\/\/sdtc-2024-staging.sociationdev.com\/wp-content\/uploads\/2023\/09\/23-073_SDTC_Annual_Report_EN_web.pdf\"><span data-contrast=\"none\">Annual Report<\/span><\/a><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What trends are we seeing in today\u2019s investment environment and what\u2019s the outlook for the future? What can we do together as a country to propel innovation-driven growth? These were just a few of the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7610,"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-7609","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\u2019s 2023 Annual Public Meeting brings together key stakeholders in the Canadian innovation ecosystem ~ 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\u2019s 2023 Annual Public Meeting brings together key stakeholders in the Canadian innovation ecosystem ~ Sustainable Development Technology Canada\" \/>\n<meta property=\"og:description\" content=\"What trends are we seeing in today\u2019s investment environment and what\u2019s the outlook for the future? What can we do together as a country to propel innovation-driven growth? 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