Sustainable Development Technology Canada has announced the 14 Canadian cleantech companies receiving $58.6 million in funding support.
The funding was spread across Canada, including Quebec, Ontario, Alberta, and British Columbia.
“Our government supports the researchers, entrepreneurs and investors that make Canada a global leader in the growing clean technology market,” said Navdeep Bains, Minister of Innovation, Science and Economic Development. “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.”
The investments are meant to align with recommendations outlined by industry leaders in the Clean Technology Economic Strategy Tables, which stressed gaps in scale-up funding tailored to the unique challenges of clean technology companies.
“We are proud to have the support of this federal program, and collaborations with industry partners. The next steps include building an integrated pilot production system, engineering the equipment needed to enable VueReal’s proprietary Solid Printing process at commercial volumes, and enhancing the performance of micro-LEDs even further,” said Reza Chaji, CEO and founder of VueReal. VueReal was one of the recipients of the funding, which will go towards a $26 million project to build a fabrication facility. “I’m extremely proud of our world-class multi-disciplinary team. We’ve achieved some important milestones – and the industry has taken notice – but our journey is really just beginning.”
The 14 companies include:
Photo via Twitter.