Sustainable Development Technology Canada Announces Latest Call for Clean Technology Funding Applications
Ottawa, Ontario, Canada September 3, 2008

Sustainable Development Technology Canada (SDTC), the largest single funder of clean technology in Canada, announced today that the $550M SD Tech Fund™ is open for Statements of Interest (SOI) for its fourteenth round of funding until October 22, 2008.

“We want to hear from clean technology developers across Canada about the technology solutions they bring to environmental issues,” said Vicky J. Sharpe, President and CEO of SDTC. “By providing entrepreneurs with early-stage funding when it is most needed SDTC helps propel innovative clean technologies to commercialization thereby building tomorrow’s industry leaders while tackling our environmental challenges.”

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 provides seed-stage funding to clean technology projects at 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.

SDTC is actively seeking applications for technology innovations in all areas of sustainable development that deliver clean water, clean soil, clean air, and a reduction in greenhouse gas emissions.

In particular, 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 is seeking to fund projects.

“Water and soil solutions are still at the nascent stage in Canada. Developing new technologies to address the growing environmental challenges facing the industrial, resource extraction and municipal sectors represents an enormous economic opportunity for innovative companies to capitalize on,” said Sharpe.

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 here.

Information on the application process and funding requirements can be found here.

SDTC holds two rounds of funding each year. The next call for SOIs will open February 25, 2009.

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.

Source: SDTC