Gov't Funding 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. Bton 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.