Sustainable Development Technology Canada
August 15, 2019
OTTAWA, ON, August 15, 2019 – Sustainable Development Technology Canada recently expanded its reach by piloting seed funding to find and support Canada’s most promising early-stage cleantech entrepreneurs. To do so, SDTC is partnering with up to eight incubators and accelerators across the country. The pilot was launched in May with four grants of $100,000 or less to companies with potential breakthrough technologies in agriculture, energy, power generation, and traffic management. Today SDTC is announcing investment in a further five new game-changing innovators, and partnerships with cross-Canadian accelerators from St. John’s, NL to Victoria, BC.
Clean technology is a megatrend that will affect most sectors at varying speeds. This initiative will provide the right funding at the right time to help cleantech entrepreneurs develop businesses that are tackling some of the world’s greatest sustainability challenges.
By partnering with a select group of business accelerators, SDTC’s funding will fuel the growth of these companies by expanding on the support, such as training, mentorship, office space, tools, and community, already being provided through the accelerator or incubator. SDTC is identifying a cross-section of promising new cleantech entrepreneurs by providing up to 30 grants of $50,000 to $100,000 each this pilot year.
The five companies receiving investment demonstrate the remarkable breadth of technology innovation taking place across Canada today. Each is receiving a grant of $100,000.
- Open Oceans Robotics Inc., supported by Alacrity Canada (Victoria, BC), collects ocean data using proprietary wind and solar powered surface vehicles (USVs) equipped with sensors, cameras and real-time communications offering a safer, more effective and affordable way of gaining ocean insights and helping build an ocean IoT.