SD Tech Fund Awards Cleantech Grants to 3 Ontario Businesses
To further promote the use of clean technologies, the Government of Canada is providing nearly $8 million in funding to support three Ontario-based companies. The investment will help each company accelerate the development of their clean energy technologies.
Canadian government funding will provided through Sustainable Development Technology Canada’s SD Tech Fund, which supports the development and demonstration of early-stage clean technologies (cleantech). Businesses can access cleantech grants to reduce the costs of field testing and feasibility studies, capital equipment, and third-party contractor expenses.
The program provides up to 33% coverage of eligible project costs, with projects typically being awarded between $300,000 and 15,000,000 in funding support towards clean technology development.
SDTC’s investments will allow the recipients to provide new innovations in solar power, biofertilizers, and cloud computing. In addition to developing advanced technologies that reduced air pollution, each business will be able to develop a number of job opportunities in Ontario.
$8M in SD Tech Fund Cleantech Grants Support 3 Projects in Ontario
On June 19, 2017, the Government of Canada announced it would be supporting three innovative cleantech projects in Ontario. A total investment of $7.85 million will help Ravovus, Heliene, and BioLiNE Corporation develop clean technologies that deliver significant environmental and economic benefits.
Canadian government funding provided through the SDTC’s SD Tech Fund will support the following companies and projects:
Ranovus
Ranovus is an international manufacturer of advanced solutions and technologies for the telecommunication and information communication technology (ICT) sectors. The company was established in Ottawa in 2012 and has since expanded its market presence within United States and Germany.
SD Tech Fund is providing Ranovus up to $5.5 million in clean technology grants to support the development of more energy efficient methods of collect big data within cloud storage than what’s on the market today.
Currently, there are no viable energy solutions to support impending future bandwidth requirements. However, if successful, Ranovus will be able to simplify the way data flows through data centres.
Heliene Inc.
Heliene Inc. specializes in the development of fully automated facilities to manufacture state-of-the-art photovoltaic modules for the solar power generation industry. The company was established in Sault Ste. Marie in 2010 and has excelled in the development of clean and sustainable energy efficient solutions.
SD Tech Fund will provide Heliene up to $1.45 million in Canadian small business grants to develop technologies that allow solar power to become more reliable and cost effective.
The investment will allow the company to enhance its latest technologies to easily fit into pre-existing installations, while reducing energy transmission losses in local power grids.
BioLiNE Corporation
BioLiNE Corp. was established in London, Ontario in 2010 and focuses on soil and plant health products that demonstrate innovation and lead to healthier communities.
The program will provide BioLiNE with up to $900,000 in cleantech grants to remove biowaste from mushroom farms by extracting liquid bio-stimulants and transforming it into useful fertilizers.
If successful, the company will be able to provide a commercially viable product that allows farmers to reduce their chemical usage, while increasing the health of their soil and crops.
SD Tech Fund: Funding for Energy Efficient Solutions
The SD Tech Fund provides Canadian government funding to innovative businesses developing and commercializing disruptive clean technologies. The program supports large-scale technology development and/or early-stage commercialization projects that improve energy efficiency and reduce greenhouse gas (GHG) emissions.
The program provides up to 33% coverage of project expenses to a maximum contribution ranging between $200,000 to $15,000,000 in Canadian government funding.
To get started, applicants must contact a SDTC Application and Intake Coordinator to discuss their project and complete a statement of intent (SOI). Once the SOI has been submitted and reviewed, applicants will be asked to submit a detailed project proposal, including how the business plans to exploit its current market opportunities.
On average, it takes between 6-8 months for applications to be reviewed and approved.
Learn More About the SD Tech Fund for Clean Technology Projects