SDTC calls for clean technology funding applications

subscribe

Sustainable Development Technology Canada (SDTC), the largest single supporter of clean technology in Canada, announced that the $550 million SD Tech Fund is open for Statements of Interest (SOI) for its fourteenth round of funding until October 22.

“We want to hear from clean technology developers across Canada about the technology solutions they bring to environmental issues,” said Vicky J. Sharpe, President and CEO of SDTC. “By providing entrepreneurs with early-stage funding when it is most needed SDTC helps propel innovative clean technologies to commercialization thereby building tomorrow’s industry leaders while tackling our environmental challenges.”

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 provides seed-stage funding to clean technology projects at this critical juncture when capital and scaling costs become formidable challenges and the risk profile deters most other investors.

To date, SDTC has allocated $342 million to 144 clean technology projects. An additional $800 million has been leveraged from project consortia members, for a total portfolio value of $1.14 billion. The pre-market validation that SDTC has brought to its portfolio companies has enabled significant follow-on funding from the Venture Capital community and Project Finance players.

SDTC is actively seeking applications for technology innovations in all areas of sustainable development that deliver clean water, clean soil, clean air, and a reduction in greenhouse gas emissions.

In particular, SDTC sees tremendous growth potential for technologies that address issues related to clean water and clean soil. Water purification, conservation, waste and storm water treatment, in addition to soil decontamination and soil quality improvement solutions, are areas in which SDTC is seeking to fund projects.

“Water and soil solutions are still at the nascent stage in Canada. Developing new technologies to address the growing environmental challenges facing the industrial, resource extraction and municipal sectors represents an enormous economic opportunity for innovative companies to capitalize on,” said Sharpe.

Related News

solar panel worker

Avista Commissions Largest Solar Array in Washington

SPOKANE - Official commissioning of the Adams Nielson solar array located in Lind, WA occurred today. The 28 Megawatt DC array is comprised of 81,700 panels that span 200 acres and generates enough electricity to supply the equivalent of approximately 4,000 homes annually.

“Avista’s interest in the development of Solar Select, a voluntary commercial solar program, is consistent with the Company’s ongoing commitment to provide customers with renewable energy choices at reasonable cost,” said Dennis Vermillion, president, Avista Corporation. “In recent years, an increasing number of Avista customers have expressed their expectations and challenges in acquiring renewable energy. Avista is pleased…

READ MORE

Effort to make Philippines among best power grids in Asia

READ MORE

jordan electricity

Jordan approves MOU to implement Jordan-Saudi Arabia electricity linkage

READ MORE

weed zapper

A robot is killing weeds by zapping them with electricity

READ MORE

bangladesh nuclear construction

Bangladesh develops nuclear power with IAEA Assistance

READ MORE