Published on : Apr 08, 2014
Sustainable Development Technology Canada has leveraged an extra $2.2 billion in funding from project partners that also includes global clean technology companies.
Sustainable Development Technology Canada (SDTC) is energizing and evolving the development and demonstration of a clean technology ecosystem. They are the vital contributors to the prominent concentration of clean technology companies in Ontario, Canada. The international clean tech companies should take advantage of this technology and services.
According to the 2014 Canadian Clean Technology Industry Report released by Analytica Advisors about 10 percent states other than in any other Canadian province and 35 percent of clean tech companies in Canada are located in Ontario. The report also stated that 86 of 246 SDTC-funded projects are funded in Canada\'s one of the largest province. This region is also home to the Ontario Clean Technology Alliance.
Ontario Clean Technology Alliance attends the HANNOVER MESSE across Ontario including trade fair for industrial technology, energy and environmental innovations.
Today, SDTC has managed to leverage around $2.2 billion as additional funding with over $600 million assigned over 246 technology projects across Canada, said Jim Mairs – the Senior Business Development Consultant/Assitant manager for the City of Guelph\'s Economic Development, Finance & Enterprise Services, an Ontario Clean Technology Alliance member.
Ontario has grabbed more business and attention of SDTC funding than any other region in Canada. Its clean technology sector is the best and the world’s leading talent base, low-risk business environment amongst clean technology and environmental companies seeking expansion and growth.
SDTC’s SD Tech Fund is currently compliant with accepting the company statements of interest until April 16, 2014. It also provides investment into sectors like development and demonstrations phases that encircle clean technologies in a real world setting.
It is observed that SDTC is known to contribute about 33 percent of eligible project costs – this typically ranges from several hundred thousand to several million dollars including industry, consortia members, and end-use customers all of who are active in financing and guiding the project to making it become commercialized.