Sustainable Development Technology Canada

Sustainable Development Technology Canada

March 15, 2011 17:03 ET

SDTC and Veolia Partner to Commercialize Cleantech Innovation

SAN FRANCISCO, CALIFORNIA--(Marketwire - March 15, 2011) - Sustainable Development Technology Canada (SDTC) and Veolia Environnement Recherche et Innovation announced today a formal partnership with the intention to accelerate the commercialization and market uptake of innovative Canadian clean technologies.

"SDTC and Veolia share a common goal in accelerating the commercialization of promising clean technologies," stated Vicky Sharpe, President and CEO of Sustainable Development Technology Canada (SDTC). "We are very pleased to deepen our relationship by making Veolia a Cleantech Commercialization Strategic Partner. Veolia has impressive breadth across industry sectors, global reach and the ability to take technologies from the lab to commercial scale. SDTC's role in developing the cleantech sector is highly complementary and as a result, Canadian clean technologies will develop and get into customers hands quicker thanks to this initiative."

"A critical part of the success of the Veolia Innovation Accelerator has been building our innovation network, partnering with leading investors, service providers, and others who help us identify innovations that meet our business needs," says Philippe Martin, Veolia Environnement's Senior Vice-President, Research & Innovation. "We are particularly delighted to have Sustainable Development Technology Canada, one of the largest and influential investors in the sector, as a key partner. While most of these relationships are informal, our formal partnership with SDTC will facilitate our wide-ranging collaboration in deploying innovative technologies across our business units."

Through this partnership, selected entrepreneurs can benefit from the financial resources and business insights of SDTC and the technical, operational and commercial resources of Veolia Environnement, the world's largest provider of environmental services and the dominant player in each of its key business areas: water, waste, public transportation and energy management services. The partnership builds on the existing relationship, which includes Veolia's acquisition of Pathogen Detection Systems (PDS) of Kingston, Ontario. PDS received support from SDTC and is now the worldwide headquarters of Veolia's water sensor subsidiary, ENDETEC.

This partnership benefits all involved in accelerating the deployment of meaningful clean technology innovations at scale, increasing efficiency in sourcing and conducting due diligence, and increasing the rate and number of commercial clean technology implementations that provide positive economic and environmental return – all of which is at the core of the missions of SDTC and Veolia Environnement.

The announcement was made at the annual San Francisco Cleantech Forum.

About SDTC

Sustainable Development Technology Canada (SDTC) is an arm's-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians. SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.

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