Sustainable Development Technology Canada

Sustainable Development Technology Canada

March 22, 2011 17:53 ET

SDTC Congratulates Government of Canada on 2011 Budget Investment

OTTAWA, ONTARIO--(Marketwire - March 22, 2011) - Sustainable Development Technology Canada (SDTC) today congratulated the Government of Canada on the additional $40 million for investments in Canadian cleantech companies that has been committed in Budget 2011.

"The cleantech sector has benefitted significantly from the project funding, investment de-risking and capacity building endeavours SDTC has undertaken," said Juergen Puetter, Chair of SDTC. "The new investment included in today's budget will allow SDTC continued support for the commercialization of promising Canadian clean technologies, helping them get to market, where they will deliver economic opportunities to both urban and rural communities across Canada. This is a wise use of public funds because of the strong interface with the private sector — to date, each dollar of public money has leveraged $13 of private sector investments."

The cleantech sector is a crucial element of Canada's economy, diversity and prosperity while bringing about positive environmental change. Investments like the ones announced today will ensure that we maintain the momentum in Canada and continue to transform our economy, creating green jobs for the future. It means that more SME's, which are drivers of innovation, can create jobs and growth by bringing their technologies to the market, where they will provide environmental, economic and health benefits to all Canadians.

"This is an important message to the Canadian cleantech sector that the Government is helping them to be even more successful," said Vicky Sharpe, President and CEO of SDTC. "These companies are delivering returns, showing their global competitiveness through attraction of international capital and improving their ability to capture Canada's share of the fast growing cleantech market, currently estimated to be about $4 trillion annually."

To date, the SD Tech Fund has allocated $515 million in 210 clean technology projects, leveraged by $1.2 billion, primarily from industry. SDTC has a total portfolio value of $1.8 billion.

For more details, visit the SDTC website at www.sdtc.ca

About SDTC

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.

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

  • Sustainable Development Technology Canada
    Patrice Breton
    Director, Communications
    613-234-6313 ext. 295
    media@sdtc.ca