Sustainable Development Technology Canada Announces Call for Clean Technology Funding Applications
September 1st, 2010 - 10:00am
Ottawa, Ontario, September 1, 2010 – Sustainable Development Technology Canada (SDTC) today announced its 18th round of funding for Canadian clean technology demonstration projects. Canadian entrepreneurs and technology developers with new technologies and a compelling business case are encouraged to submit Statements of Interests to the SD Tech Fund™ from September 1 to October 20th, 2010.
“SDTC is helping companies commercialize their new technologies, creating jobs and increasing the competitiveness and efficiency of the Canadian economy” said SDTC President and CEO Vicky J. Sharpe, “SDTC investment of $478M, combined with an active portfolio support strategy, has catalyzed an additional $2.4B in follow-on funding into some of the most promising high growth Canadian companies.”
SDTC is a not-for-profit corporation created by the Government of Canada to finance and support the late-stage development and pre-commercial demonstration of clean technologies. SDTC helps companies through the critical juncture when capital and scaling costs become formidable challenges and the risk profile deters many other investors.
While applications for technology solutions related to Climate Change, Clean Air, Soil and Water are encouraged, SDTC’s current priority focus include technology solutions that:
? Mitigate environmental impacts associated with Canada’s natural resource sector including “green mining”, cleaner fossil fuels and forestry ? Enable cleaner energy production and improved energy efficiency of the built environment, transportation and industrial processes ? Improve the efficiency of the largest water users and address the most sensitive points of water contamination ? Increase yield and improve temperature and drought resistance of agricultural crops and mitigate land-use changes and biodiversity loss
In addition, SDTC’s SD Business Case™ reports should be used to identify additional priority investment areas. These reports are available in the Knowledge Centre section of the SDTC website at www.sdtc.ca.
The SDTC portfolio is currently comprised of 195 clean technology projects, for a total value of $1.6 billion.
“The Canadian economy is at a cross-roads and it is critical that we remain at the front of the global pack in developing new technologies,” said Sharpe “Investing in smart, efficient technologies today makes our traditional economic pillars, such as the natural resources and manufacturing sectors, much more competitive on the global stage, and creates new markets to maintain Canada’s prosperity for future generations.” With the current Round, SDTC is accepting applications until October 20th, 2010. Potential applicants are requested to first review the application process and funding requirements at Application Advice and then schedule an initial call with an Applications Manager by emailing email@example.com.
Sustainable Development Technology Canada (SDTC) is an arm’s-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government’s commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.