The Sustainable Development Technology Canada (SDTC) is known for supporting sustainable initiatives across the country through resources and small business funding grants, such as a program called the SD Tech Fund. This Canadian government funding for research and development program helps fill the apparent gap between applied research and product commercialization by helping businesses finance and carry out technology development and demonstration of new clean technologies. SDTC’s initiative is to deliver environmental and economic benefits to Canadians. They will foster the development and demonstration of technological solutions that address:
- Clean water
- Clean air
- Climate change
- Clean land
Through the forging of innovative partnerships, SDTC will build a sustainable development technology infrastructure and increase the number of technologies in Canada’s marketplace. The SD Tech Fund has allocated $560 million to 228 projects since its inception in 2002.
SD Tech Fund: Canadian Government Funding Program Overview
SDTC received billions of dollars from the Government of Canada to help create healthy environments and increase the quality of life for Canadians. With this Canadian government funding program, SDTC’s aim is to increase companies project’s chances of success to market by helping to bridge high costs gap. The grants are non-repayable cash contributions and do not require any equity.
This funding for small business covers costs of capital items, goods and services, and personnel labor costs, depreciation expenses. This research and development funding program covers one third of expenses related to the development of new clean technologies and energy conservation innovations.
SDTC Funding for Small Business Details
Projects will be considered if they are focused on developing a new technology to increase utilization efficiency of clean air, water, or combat climate change. Your project will need to take place in Canada. Eligible project costs are not retroactive and include:
- Raw materials
- Professional services
- Capital items with no residual value beyond the project
- Depreciation of capital
- Feasibility studies