Ontarians will benefit from new jobs created by innovations that power electric vehicles and reduce plastics in the environment, thanks to a $15.5-million investment by the Government of Canada.
This investment in six Toronto-area companies will create well-paying middle-class jobs as a result of the new business opportunities generated by the development of technologies that lead to less pollution and healthier communities.
The announcement was made today by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
The investments include:
- $3.8 million for Electrovaya Inc. of Mississauga to develop safe and long-lasting electric batteries for commercial vehicles, contributing to the prevention of climate change;
- $3 million for BionX International Corporation of Aurora to develop a smaller, more powerful lightweight propulsion system to improve its award-winning e-bike systems;
- $2.7 million for 3E Nano Inc. of Kitchener to create a new window coating to make buildings and vehicles more energy efficient, reducing energy consumption;
- $2.2 million for GreenMantra Technologies of Brantford to develop new ways to convert recycled plastics into new products, resulting in less waste sent to landfills;
- $1.9 million for Peak Power Inc. of Toronto to improve the energy storage capacity of batteries, ultimately reducing costs for businesses and greenhouse gas emissions; and
- $1.8 million for Vive Crop Protection of Toronto to create environmentally friendly products and technologies that increase farm efficiency and productivity.
These projects are being funded through Sustainable Development Technology Canada, which works with Canadian companies to bring early-stage clean technologies to market.
Investments in clean technology are part of the Government’s Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.