If you have an innovative clean technology, we want to hear from you. That is the message Sustainable Development Technology Canada (SDTC) sent out today as it announced its 20th round of funding, which will be open until October 19, 2011. “We are looking for technology solutions that will strengthen Canada's economy by helping its main industries be more efficient, creating jobs and increasing its global competitiveness," said SDTC President and CEO Vicky Sharpe. “Canadian entrepreneurs and technology developers with new technologies and a compelling business case are encouraged to submit Statements of Interest to the SD Tech Fund™."
SDTC is a not-for-profit corporation created and funded 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.
SDTC supports technologies that address the challenges of Climate Change, Clean Air, Soil and Water, including technology solutions focused on these current priority areas:
Natural Resources: Mitigate environmental impacts associated with Canada’s natural resource sector including “green mining”, cleaner fossil fuels and forestry
Clean Energy: Enable cleaner energy production and improved energy efficiency of transportation, the built environment, and industrial processes
Soil and Water: Improve the efficiency of the largest water users and address the most sensitive points of water and soil contamination
Agriculture: Increase yield and improve temperature and drought resistance of agricultural crops and mitigate land-use changes and biodiversity loss
Northern and Remote Communities: Innovative solutions for self-sufficiency in smaller communities
In addition, SDTC’s SD Business Case™ reports should be used to identify additional priority investment areas. These reports are available in the Knowledge Centre section of the SDTC website at www.sdtc.ca.
The SDTC portfolio is currently comprised of 223 clean technology projects, for a total value of $1.9 billion.
“Canada is a hotbed for cleantech, as SDTC's current portfolio already shows,” said Sharpe. “We are excited to hear about some of the up-and-coming projects being developed across Canada and are looking forward to adding more promising projects to our portfolio."
Potential applicants are requested to first review the Statement of Interest process and funding requirements at sdtc.ca/applications and then schedule an initial call with an Applications Manager by emailing email@example.com.
Sustainable Development Technology Canada (SDTC) is an arm’s-length foundation created by the Government of Canada which has received $1.09 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 $590 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ 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.