Sustainable Development Technology Canada

Sustainable Development Technology Canada

February 25, 2009 10:07 ET

SDTC Calls for Applications to its SD Tech Fund

Technology Developers Should Take Advantage of Tremendous Opportunity for Cleantech

OTTAWA, ONTARIO--(Marketwire - Feb. 25, 2009) - Sustainable Development Technology Canada (SDTC), the largest single funder of clean technology in Canada, is calling for Statements of Interests for its fifteenth round of funding.

"Widespread adoption of clean technologies is key in moving Canada towards a new green economy," said Vicky J. Sharpe, President and CEO of SDTC. "By supporting promising clean technology projects in the development and demonstration stages, SDTC gets them to market faster, contributing to this important transition."

SDTC is a not-for-profit corporation created by the Government of Canada to finance and support the late-stage development and pre-commercial demonstration of clean technologies. SDTC helps companies through this critical juncture when capital and scaling costs become formidable challenges and the risk profile deters most other investors.

To date, SDTC has allocated $342 million to 144 clean technology projects. An additional $800M million has been leveraged from project consortia members, for a total portfolio value of $1.14 billion. The pre-market validation that SDTC has brought to its portfolio companies has enabled significant follow-on funding from the Venture Capital community and Project Finance players. For example, 28 of the projects that SDTC has invested $85M in have gone on to raise over $780M in follow-on funding in the past four years.

"Cleantech cuts across industry sectors and in doing so opens up significant market opportunities never seen before within the established supply chains of those traditional sectors. In doing so it can also breathe new viability into some of the sectors hit hardest by the current market turmoil," said Sharpe. "SDTC actively seeks innovative technology solutions across all economic sectors that reduce greenhouse gas emissions, or result in cleaner air, soil and water while increasing economic performance."

While applications related to all these sectors are encouraged, SDTC sees tremendous growth potential for technologies that address issues related to clean water and clean soil. Water purification, conservation, waste and storm water treatment, in addition to soil decontamination and soil quality improvement solutions, are areas in which SDTC has a particular interest.

SDTC has released a series of SD Business Case™ reports which identify additional priority investment areas. These reports are available in the Knowledge Centre section of the SDTC website at www.sdtc.ca.

SDTC is accepting applications until April 22, 2009. Information on the application process and funding requirements can be found at www.sdtc.ca/en/SOIinfo.htm.

SDTC holds two rounds of funding each year. The next call for SOIs will open September 2, 2009.

About SDTC

SDTC is an arm's-length foundation which has received $1.05 billion from the Government of Canada as part of its 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.

SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.

Contact Information

  • Media Relations:
    Sustainable Development Technology Canada
    Patrice Breton
    Director, Communications
    613-234-6313 ext. 295
    media@sdtc.ca
    or
    Application Process:
    Sustainable Development Technology Canada
    Sebastien Prince-Richard
    Manager, Applications
    613-234-6313 ext. 232
    applications@sdtc.ca