Ten cleantech companies have received a collective $41.8 million from the federal government through Sustainable Development Technology Canada (SDTC).
“Cleantech companies… are helping to position Canada as a leader in an expanding market.”
SDTC helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions. Of the companies that received investments, three are from Quebec, three are from Ontario, two are from British Columbia, one is from Alberta, and one is from Nova Scotia.
“Cleantech companies like the ones we are investing in today are helping to position Canada as a leader in an expanding market as investors and businesses seek sustainable growth,” said Navdeep Bains, Canada’s minister of innovation, science, and industry. “Investments in clean technology support the work of Canadian innovators to reduce Canada’s environmental footprint and grow economic opportunities.”
The companies receiving investment are:
Click Materials ($4.6 million): Click Materials is developing an electrochromic window solution designed to offer cost reductions and significant energy savings.
CryoLogistics ($2.1 million): CryoLogistics has developed a container that uses liquid carbon dioxide as a natural refrigerant for shipping pallet loads of temperature-sensitive products.
RELATED: 14 Canadian startups receive $46.3 million from Sustainable Development Technology Canada
Quebe Technologies ($3 million): Quebe has developed an Internet of Things device that uses artificial intelligence to detect and reduce greenhouse gas emissions at oil and gas facilities.
EcoPackers ($2.75 million): EcoPackers converts agricultural byproducts into 100 percent plant-based and compostable alternatives to traditional plastic inputs.
Aspire Food Group ($10 million): Aspire is building the first fully automated cricket farm to accelerate the use of insect protein as a sustainable alternative to animal protein.
Pantonium ($2.1 million): Pantonium’s software allows public transit agencies to take buses off fixed routes and guide vehicles on journeys that respond to user demand in real-time.
RELATED: QD Solar raises $2.55 million from Sustainable Development Technology Canada
Anomera ($5 million): Anomera manufactures carboxylated cellulose nanocrystals using a patented eco-friendly method to replace plastic microbeads used in cosmetics products.
Effenco ($4.25 million): Effenco has developed a commercial truck connectivity platform that enables up to 10 percent fuel savings and reduces maintenance costs and GHG emissions.
Sollum Technologies ($5 million): Sollum Technologies has created the only smart lighting solution that dynamically recreates and modulates the sun’s natural light.
Salient Energy ($3 million): Salient Energy has invented a new type of battery to help power the world’s transition to clean energy.
Image source Unsplash. Photo by American Public Power Association.