SDTC unlocking potential for Canadian innovations
February 7, 2022
Investments will help Canada meet its 2030 climate objectives and achieve net-zero emissions by 2050
February 7, 2022 – Ottawa, Ontario
Canada’s entrepreneurs are developing and deploying new technologies with the potential to transform the environmental and economic prosperity of Canada. Working in partnership with the Government of Canada and visionary companies, Sustainable Development Technology (SDTC) Canada is supporting these entrepreneurs to unlock their potential to become world leaders and global champions in the development of sustainable solutions.
Today, SDTC announced an investment of $52.3 million in 16 ground-breaking Canadian companies. The recipients are boosting innovation across all regions of Canada and across several sectors of our economy. SDTC offers unique support for Canadian entrepreneurs and creates economic and environmental benefits, from managing crops digitally to yield more food, to reducing the number of empty trucks on our roads through route optimization, to creating a solar coating that will charge a car while its driving.
These investments will fund Canadian entrepreneurs at all stages of innovation. Semios, a Vancouver, British Columbia, based company that is using data and machine learning to improve tree fruit and nut crops to use less water and reduce greenhouse gas emissions, is receiving $17 million in scale-up funding to expand its operations. Béton Brunet of Salaberry-de-Valleyfield, Quebec, NoviFlow of Montreal, Quebec, and Vicinity Motor of Aldergrove, British Columbia, are also receiving scale-up funding to expand their operations and grow their customer base.
Toronto, Ontario, based FleetOps, which uses artificial intelligence to create more efficient freight routes, is receiving $1.3 million in start-up funding. Wyvern of Edmonton, Alberta, Qube Tech of Calgary, Alberta, Chinova Bioworks of Fredericton, New Brunswick, Ferme d’Hiver Tech of Brossard, Quebec, Enedym of Hamilton, Ontario, and Metaspectral and Intelligent City of Vancouver are each receiving start-up funding to help bring their innovations to market.
Rayleigh Solar Tech of Dartmouth, Nova Scotia, is a graduate of SDTC’s Seed Fund and is receiving $1.2 million in SDTC start-up funding for the development of its low-cost, efficient and versatile solar cells. Kraken Sense of Mississauga, Ontario, Pulse Industrial of Waterloo, Ontario, and Reel Data of Halifax, are also Seed Fund graduates, returning for start-up funding as they successfully grow and scale their companies.
SDTC is supporting companies attempting to do extraordinary things. These entrepreneurs will diversify SDTC’s portfolio of companies and will help drive our economy into the post-pandemic future while boosting Canada’s ability to get more sustainable solutions to market.
Quotes:
“The time for ambitious climate action is now. Today, we are investing in cleantech innovators in agriculture, waste management and transportation to commercialize brilliant ideas and help Canadian companies seize the economic opportunities of a stronger, greener and more resilient economy. Ground-breaking Canadian companies will be global leaders in climate and waste reduction technologies and will help create a more sustainable future for all Canadians.”
– The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry
“We are relentlessly focused on supporting our companies to grow and scale in an increasingly competitive marketplace. 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 pressing environmental challenges.”
– Leah Lawrence, President and CEO of SDTC
Learn more about these companies here.
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Sustainable Development Technology Canada
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