Ten projects that help reduce environmental impacts and create a more competitive economy
OTTAWA, ON, June 18, 2020 /CNW Telbec/ - As Canadians look at reopening the economy and getting people back to work, clean technology continues to be an important contributor to Canadian jobs and innovation.
Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Industry, announced an investment of $41.8 million in 10 Canadian small businesses that are taking new, innovative solutions to market. This means more high-quality jobs and tools to help Canada and the world tackle climate change, for a more sustainable future.
All 10 projects announced today received funding and support from Sustainable Development Technology Canada (SDTC), which helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions.
Investments in clean technologies are part of the Government's Innovation and Skills Plan, a multi-year strategy to position Canada as a global leader in innovations that lead to less pollution, healthier communities and the creation of good middle-class jobs.
"Cleantech companies like the ones we are investing in today are helping to position Canada as a leader in an expanding market as investors and businesses seek sustainable growth. Investments in clean technology support the work of Canadian innovators to reduce Canada's environmental footprint and grow economic opportunities.
– The Honourable Navdeep Bains, Minister of Innovation, Science and Industry
"Canadian entrepreneurs have always stepped up to find new solutions that will improve our quality of life, both in good times and in challenging economic times. I am proud of the investments announced today that will enable these disruptive technologies to reach the marketplace. More than ever, cleantech will be a vital driver of the economic engine in Canada and around the world—and SDTC will be there to help our companies lead the way."
– Leah Lawrence, President and CEO, Sustainable Development Technology Canada
- Canada is first in the G20 for clean technology innovation. In January 2019, 12 Canadian companies were recognized on the 2019 Global Cleantech 100 List. Ten of these were funded by Sustainable Development Technology Canada (SDTC).
- The clean technology market is set to exceed $2.5 trillion by 2022.
- Currently, clean technology employs more than 195,000 Canadians. These are good, well-paying jobs that help reduce our environmental impacts and meet our climate change goals.
- As Canada's largest funder of cleantech entrepreneurs, SDTC took decisive action to support Canadian small businesses navigating this unprecedented economic reality during the pandemic crisis.
- SDTC is an arms-length foundation created by the Government of Canada to support Canadian companies with the potential to become leaders as they develop and demonstrate new technologies to address some of our most pressing environmental challenges.
- Clean technology companies can get advice from a team of experts from across government through the Clean Growth Hub. The Hub provides a single, easy point of contact for connecting with clean technology programs and services.
SOURCE Innovation, Science and Economic Development Canada
For further information: Contacts: Alexander Jagric, Press Secretary, Office of the Minister of Innovation, Science and Industry, 343-291-2500, [email protected]; Media Relations, Innovation, Science and Economic Development Canada, 343-291-1777, [email protected]; Media Relations, Sustainable Development Technology Canada, 343-803-0672, [email protected]