SDTC looking to boost cleantech companies
February 18, 2015 - Sustainable Development Technology Canada (SDTC) wants to support the next wave of cleantech entrepreneurs.
By Renée Francoeur
The SD Tech Fund and the SD Natural Gas Fund are open for applications from February 18 to April 15, 2015.
“Cleantech is at the nexus of responsible resource development and environmental goals. Canada is a hotbed of entrepreneurial spirit, and SDTC is eager to work with those entrepreneurs to get their technologies to market,” said Jane E. Pagel, acting president and CEO of SDTC. “These funds will put investments to work supporting job creation and SME business growth opportunities, helping Canada make its mark in a market valued at over $3 trillion.”
Through its SD Tech Fund, SDTC helps companies through the “critical juncture when capital and scaling costs become challenges and the risk profile deters other investors.”
It supports technologies that address the challenges of clean air, soil, water and climate change as well as priority areas. This includes technologies that encourage energy efficiency in buildings and industrial processes, with a focus on industrial water use efficiency.
The SD Natural Gas Fund, a collaboration with the Canadian Gas Association, focuses on technologies in the commercial, residential, industrial, transportation, renewable natural gas and power-generation areas.
The SDTC portfolio is currently comprised of 269 clean technology projects with a total value of $2.5 billion, of which over $1.8 billion is leveraged primarily from the private-sector.