Across Canada, companies on the leading edge of innovation and job creation are advancing clean technologies across all sectors of the economy and finding new ways to solve the world’s environmental challenges. The emerging industry can lead to clean technology as well as creating new jobs to support the Canadian economy while effectively combating climate change.
Recently, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced $58.6 million in funding to 14 Canadian clean technology companies. These projects are being funded through Sustainable Development Technology Canada (SDTC), which works with Canadian companies to bring clean technologies to market.
The funding is expected to be used for projects in Quebec that are focused on innovative technologies for people to interact with computer applications in order to reduce greenhouse gas emissions, rehabilitate water mains and better managing lithium-ion batteries. It also includes support for projects in Ontario on micro-LED energy technology, alumina recovery and more power-efficient cloud-based data centres.
In western Canada, SDTC is supporting projects on machine learning for pumping from oil and gas wells; automation to help wind farms optimize power production; a biopesticide for use in Canadian agricultural markets; renewable canola seed oil for replacing petrochemicals in commonly used products like cushions and running shoes; and data and machine learning to improve tree fruit and nut crops while using less water and reducing greenhouse gas emissions.
The investments align with recommendations received from industry leaders in the Clean Technology Economic Strategy Tables to address gaps in scale-up finance that will accelerate the growth of Canadian clean technology companies. Investments in clean technology are also part of the Government’s Innovation and Skills Plan, a multi-year strategy that is positioning Canada to be a global centre for innovation, creating good middle-class jobs right across the country.
“Our government supports the researchers, entrepreneurs and investors that make Canada a global leader in the growing clean technology market. These are the people who are creating the next wave of good, well-paying jobs for Canadians while protecting our clean air, water and food for generations to come.” said Navdeep Bains, Minister of Innovation, Science and Economic Development.