SAN FRANCISCO, Jan. 28, 2019 /CNW/ - Twelve Canadian companies have been named to the prestigious 2019 Global Cleantech 100, an annual guide to the world's top 100 companies in sustainable technology innovation.
The influential list, which is marking its 10th annual edition, is published by the research and advisory firm Cleantech Group. All 12 companies, six of which are supported by MaRS Discovery District, were recognized for the outsized influence they're having in solving tomorrow's clean technology challenges.
Last year, 13 Canadian companies made the list (a record), which continues a remarkable and consistent improvement since 2009, when only one Canadian company was recognized.
"Canadian companies are making incredible progress around the world, and they're positioning us as a leading supplier of game changing products and solutions for our most pressing problems," says Jonathan Dogterom, managing director of MaRS Cleantech. "We're at an inflection point for cleantech investment in Canada, and our technologies are being adopted around the world to reduce our environmental footprint."
The list combines Cleantech Group's research data with qualitative judgements from nominations and insights from a global 87-member expert panel comprised of leading investors and experts active in technology and innovation scouting. From pioneers and veterans to new entrants, the expert panel broadly represents the global cleantech community and results in a list with a powerful base of respect and support from many important players within the cleantech innovation ecosystem.
"Canada has been gaining world-wide recognition for innovation at both the corporate and academic level," says George Palikaras, Founder and CEO of Metamaterial Technologies, a first-time winner of the 2019 Global Cleantech 100 list. "Introducing sustainability policies and attracting new private and public capital all make Canada an ideal place to create global impact,"
VC investment in the sector continues to be strong. In the first half of 2018, a total of $365M was invested in Canadian cleantech companies across 29 deals - double the amount invested in the same period in 2017.
Other supporting quotes: "Consumer pressure will see corporates take more aggressive steps to rein in their carbon emissions over the next 12 months," says Yung Wu, CEO of MaRS. "Clean technologies will continue to increase – and Canada is in an excellent position to supply them. Canada already punches well above its weight in clean technologies."
"Business leaders are proving that positive climate action and profitable business endeavours go hand-in-hand," says Robert Niven, founder and CEO of CarbonCure Technologies. Last year, the company inked an investment deal led by Breakthrough Energy Ventures, one of the world's most sought-after clean technology investment partners. "We're proud to play a leadership role in this global movement, and are honoured to be recognized for our efforts once again by the Global CleanTech 100."
"Canada maintained its strong recent showing in the 2019 Global Cleantech 100," says Richard Youngman, CEO of Cleantech Group, "Indeed it is the country whose representation on the list has increased the most over time – from one in the inaugural edition of 2009 to 12 today."
List of Canadian winners:
Axine Water Technologies
Enbala Power Networks
Opus One Solutions
About MaRS Discovery District: MaRS Discovery District (@MaRSDD) in Toronto is North America's largest urban innovation hub. Our purpose is to help innovators change the world. MaRS supports promising ventures tackling key challenges in the health, cleantech, fintech and enterprise sectors as they start, grow and scale. In addition, the MaRS community fosters cross-disciplinary collaboration to drive breakthrough discoveries and new solutions to be adopted in Canada and beyond, growing our economy and delivering societal impact at scale.
SOURCE MaRS Discovery District
For further information: Yan Zhou, Media Relations Manager, Ventures, MaRS Discovery District, [email protected], C: 647-354-2547