Ottawa’s Minister of Innovation, Science and Industry François-Philippe Champagne, joined Sustainable Development Technology Canada (SDTC) chair Annette Verschuren and SDTC president and CEO Leah Lawrence to announce investments of $44.3 million in 11 Canadian companies that are leading breakthrough Canadian cleantech innovations.
“Climate change is one of the greatest threats to Canadians and our economy, and Canadian innovation will be a key driver in the fight for a greener and cleaner future. Canadian cleantech innovation will be the driving force behind our green economic recovery. It will not only create thousands of good jobs, but also help build a sustainable future. With the investment we are making today, we are supporting the Canadian innovators who are helping to achieve our ambitious goal of a net-zero economy by 2050,” says Champagne.
The funding will support small and medium-sized businesses that are reducing greenhouse gas emissions, reducing the environmental impacts of energy exploration and production, supporting more sustainable agricultural practices, and responding to a wide range of important challenges.
Among the 11 companies that SDTC is funding today:
- Terramera Inc. of Vancouver, British Columbia, will receive $7.9 million to develop a soil carbon validation tool;
- Pyrogenesis Canada Inc. of Montreal, Quebec, will receive $0.7 million to pioneer a new plasma process for the production of fumed silica;
- Molded Precision Components of Oro-Medonte, Ontario, will receive $9.3 million for its Pellet-to-Pallet Green Advanced Manufacturing of Plastics initiative;
- Flyscan System Inc. of Quebec City will receive $1.5 million for an aerial detector of liquid pipeline leaks; and
- Axine Water Technologies Inc. of Vancouver, British Columbia, will receive $6.2 million for the development and demonstration of a second generation, digitized wastewater treatment system.
The Minister held a virtual roundtable discussion with Canadian cleantech CEOs and entrepreneurs who are receiving SDTC funding to advance their innovations. These cleantech leaders discussed how these technologies are revolutionizing every sector of the economy, from Ecoation’s AI-powered greenhouse management system, to QEA Tech’s smart drone platform that detects building energy loss, to Environmental Material Science’s novel process that accelerates the natural breakdown of pollutants in soil.
Today’s support builds on the government’s strengthened climate plan, A Healthy Environment and a Healthy Economy, announced in December 2020. The plan included the single largest investment in SDTC since its inception – $750 million over five years – enabling the foundation to support more Canadian entrepreneurs than ever before as they create and commercialize clean technologies and bring Canadian innovations to the world.
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