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SDTC announces cleantech funding

Entrepreneurs and technology developers across Canada can now submit Statements of Interest to the SD Tech F...


Entrepreneurs and technology developers across Canada can now submit Statements of Interest to the SD Tech FundTM, as Sustainable Development Technology Canada (SDTC) opens its 17th round of funding.

SDTC is particularly interested in clean water and clean soil technology solutions. However, applications for nearer-to-market technology innovations that deliver clean air benefits and GHG reductions are also encouraged.

Applications will be accepted until April 21, 2010. Potential applicants are requested to first review the application process and funding requirements at http://www.sdtc.ca/en/SOIinfo.htm and then schedule an initial call with an Applications Manager by emailing applications@sdtc.ca.

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.

“Investing in promising clean technology solutions developed in Canada is key to creating the smart, green jobs of the future,” said SDTC President and CEO Vicky Sharpe. “More than ever, cleantech is becoming an economic driver for the Canadian economy, as well as other global economies. SDTC funding provides a critical boost to promising Canadian cleantech companies to become market-ready and export-ready”.

SDTC recently released an SD Business CaseTM report on Industrial Transportation. It is the sixth in a series of comprehensive sector reports, which highlight priority investment areas for the fund. SDTC also encourages technology developers with solutions that address priority investment themes related to this sector or any of the others examined by the SD Business CaseTM reports to apply for funding. The SD Business Case TM reports are available in the Knowledge Centre section of the SDTC website at http://www.sdtc.ca.

Since its creation in 2001, SDTC has allocated $464 million to 183 clean technology projects. An additional $1.1 billion has been leveraged from project consortia members, for a total portfolio value of $1.6 billion.

About SDTC

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 FundTM supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels FundTM 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.

For more information, please contact

Rob Barkwell, Manager, Applications
Manager, Applications
Sustainable Development Technology Canada
Tel: 613-234-6313 x349
Email: applications@sdtc.ca

 


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