SDTC Invests $24.8M to Support Nine Canadian Cleantech Projects
Did you know that Canada is first place in the G20 for innovation in clean technology? For two years in a row now, 12 Canadian companies have been highlighted on the Global Cleantech 100 List, 10 of which were funded by Sustainable Development Technology Canada (SDTC).
“Investments in clean technology help harness made-in-Canada sustainable solutions to accomplish two goals at once: create economic opportunities and reduce Canada’s environmental footprint. Companies like the ones [SDTC is investing in] reinforce Canada’s global leadership in cleantech and bring us closer to net zero.”
– Navdeep Bains, Minister of Innovation, Science and Industry
Investments in Canadian businesses developing new and innovative clean technologies is part of the Government of Canada’s Innovation and Skills Plan to help reduce Canada’s environmental impacts, meet climate change goals, and continue positioning Canada as a global leader so that all Canadians can benefit from the strong-growing cleantech sector.
About Sustainable Development Technology Canada (SDTC)
Sustainable Development Technology Canada (SDTC) is an arms-length foundation established by the Canadian government to support small businesses through the research and development of clean technologies that address environmental challenges and strengthen economic growth.
“Even during these challenging economic times, I have never been more hopeful about the future. Canadian entrepreneurs are resilient and lead the way in developing innovative solutions to solve our most challenging environmental problems.”
– Leah Lawrence, President and CEO of Sustainable Development Technology Canada
The $24.8 million investment from the SD Tech Fund is providing nine Canadian businesses with the opportunity to further develop their sustainability projects focused on innovative clean technology. Earlier this year, the SDTC granted an added $41.8 million to 10 alternative Canadian cleantech companies towards the same environmental purpose.
The Nine Projects Receiving Sustainable Development Technology Canada Cleantech Funding
The following nine projects, currently in research and development by Canadian businesses, are receiving $24.8M in combined funding support from the SD Tech Fund to address climate crisis, uphold jobs, and create sustainable growth in the cleantech industry:
Swirltex Inc. ($1,400,000): Swirltex treats wastewater through a unique process utilizing ultrafiltration in combination with manipulation of contaminants. Swirltex’s cleantech project improves on conventional wastewater filtration technology and provides higher quality results with less energy consumption.
Modern Wellbore Solutions Ltd. ($3,400,000): Modern Wellbore Solutions has developed a downhole multilateral junction for shale oil and gas producers that enables multiple lateral wells to be drilled and accessed from a single well pad, reducing drilling and the associated costs and emissions. The core technology simplifies installation, provides flexible well access, and enables operation in high-pressure fracturing environments.
Hifi Engineering ($3,400,000): Hifi Engineering builds world-class sensing and monitoring technology for intelligent wellbores and pipelines. Hifi develops turnkey distributed fibre optic sensing systems, hardware, and visualization software focused on downhole and pipe applications.
Pani Energy ($2,800,000): Pani Energy is developing optimization tools for water treatment plants that analyze data from different sources. This can generate significant savings for operators through reduced operational expenses (energy and chemical savings), enhanced water production rates, and extended equipment lifetime.
Motion Metrics International Corp. ($5,600,000): Motion Metrics is developing a machine learning and AI-based solution that enables real-time optimization of ore crushing/grinding circuits. The core innovations lie in the use of hyperspectral imaging sensors, 3D particle size analysis, and ML algorithms to control energy-intensive mining equipment.
Farmers Edge Inc. ($1,300,000): Farmers Edge continues to improve on the research and development of their real-time risk management solution systems for farmers, retailers, and other agricultural stakeholders.
Inmotive Inc. ($2,400,000): Inmotive has developed a novel two-speed transmission, called the Ingear, to improve the powertrain efficiency of passenger electric vehicles, thereby reducing battery energy use per mile driven. The core innovations lie in the morphing sprocket gearing mechanism, which enables a more efficient, simpler, and less expensive unit.
Soléco Énergie Inc. ($4,000,000): Soléco has developed a process for converting low-value, mixed plastic waste into diesel, helping divert non-recyclable waste plastics from landfills. A key innovation is the reactor design, developed by technology partner Sweet Gazoil, that transforms liquefied plastic droplets into low-sulfur diesel and is resistant to fouling.
KSM Inc. ($500,000): KSM plans to be the first company to produce high-end fertilizers (potassium sulphate and potassium and magnesium sulphate) in Canada made from two abundant Canadian feedstocks
SDTC Supports Sustainability Development Projects
The SD Tech Fund, administered by Sustainable Development Technology Canada (SDTC), is a government funding program supporting small businesses in Canada that are researching and developing innovative solutions with the predominant goal to reduce climate change impacts and create sustainable economic growth in the cleantech sector.
Eligible applicants can receive up to 33% of project costs with a total funding amount ranging from $200,000 to $15,000,000 in cleantech grants.
Contact the Mentor Works Team to learn if your business could be eligible for SD Tech Fund support towards cleantech innovation projects.