SDTC invests in Canadian innovators who are building our net zero economy
March 31, 2022
From waste management to transportation, each new investment in Canadian innovation is a step closer to Canada’s sustainable future.
March 31, 2022 – Ottawa, Ontario
Today, SDTC announced an investment of $27.2 million in seven innovative Canadian companies. From helping enforce better use of carpool lanes, to managing waste and decontamination in water, improving the efficiency of electric vehicles, today’s funding by SDTC supports entrepreneurs as they start-up and scale-up.
From initial funding to educational support and peer learning to market integration, Sustainable Development Technology Canada (SDTC) is invested in helping our small and medium-sized businesses grow into successful companies that employ Canadians from coast to coast to coast. We are relentlessly focused on supporting our companies to grow and scale in an increasingly competitive marketplace
At the start-up level, we are investing in five companies:
- $5.2 million is allocated to AlumaPower Corp, a power generation company based in Sarnia, Ontario, who has developed a long-lasting aluminum-based battery for EVs that provides high powered, carbon-free energy at lower costs.
- Nouveau Monde Graphite, an energy utilization company in Saint-Michel-des-Saints, Quebec, who created a greener solution for micronized graphite used in lithium-ion battery reducing GHG emissions by 25%, receives $5.8 million.
- RideFlag Tech Inc., a transportation company in Mississauga, Ontario, who offers a sustainable tool that encourages environmentally friendly commuting practices, through curbing traffic congestion and mitigating misdeclaration on Express Lanes, gets $1.4 million.
- OmniPly Technologies Inc., a seed-funding graduate in Montreal, Quebec, is approved for $2.0 million, a capital that will allow them to further develop their delamination process technology used in the production of flexible electronics (foldable phones, curved displays for monitors, etc.) and will reduce energy consumption by up to 75% over current methods.
- Innord Inc., a clean processing technologies company in Boucherville, Quebec, secures a $1.5 million investment to pilot a technology that could change aluminum production process by reducing waste stockpiling by 70-90% while generating revenues through the sale of recovered products without any harmful by-products.
We are investing in two companies who are scaling up:
- We have approved a funding of $4.2 million for E2metrix, in Sherbrooke, Quebec, a waste management company who has developed a unique electro-oxidation technology, ECOTHOR®-AOP removing harmful contaminants from industrial water and wastewater streams.
- $7.1 million goes to SPARK Microsystems Intl, a fabless semiconductor company based in Montreal, Quebec, whose wireless transmitter used in smartphones and laptops promises to reduce energy consumption and therefore GHG emissions by dramatically extending battery life.
These entrepreneurs enrich and diversify SDTC’s portfolio and help drive our economy into the post-pandemic future while boosting Canada’s ability to get more sustainable solutions to market. SDTC is committed to support companies attempting to do extraordinary things for a greener future.
Quotes:
“This is the time for bold and ambitious action. Our government is proud to support groundbreaking companies that are making Canada a global leader in clean technology while ensuring a greener future for everyone. These innovators are driving our economic prosperity while creating well-paying jobs across Canada. They are key to the vital shift to a healthier environment and a net-zero carbon economy.”
– The Honourable François-Philippe Champagne, Minister of Innovation, Science, and Industry
“For an economy to be truly transformational, all sectors must be highly innovative. We are proud of the diversity of the technologies we fund in solving some of the world’s most pressing environmental challenges. Today’s investment in Canadian innovation brings us one step closer to a Net Zero economy.”
– Leah Lawrence, President, and CEO of SDTC
Learn more about these companies here.
Media Relations
Sustainable Development Technology Canada
343-803-0743
Stay connected
Follow Sustainable Development Technology Canada:
- Twitter: @SDTC_TDDC
- LinkedIn: www.linkedin.com/company/sustainable-development-technology-canada
- Instagram: sdtc_tddc
- Facebook: SustainableDevelopmentTechnologyCanada
- Website: www.sdtc.ca
