Sustainable Development Technology Canada: SD Tech Fund
The Honourable Navdeep Bains, PC, MP
Minister of Innovation, Science and Economic Development
September 19, 2016
Check Against Delivery
Good morning. Thank you, everyone, for making time to join us today.
Thank you, Jake [Rose from DarkVision], for that kind introduction.
Special greetings to Stephen Robinson, CEO of DarkVision; Leah Lawrence, CEO of SDTC; and former minister Gary Lunn, my friend and former colleague.
I'm honoured to be in B.C. today to make this announcement.
We're here because this province is at the leading edge of clean technology in Canada.
There are more than 200 established clean tech firms operating in B.C.
Together, they generate $1.7 billion in annual revenue.
There are also 20 world-class knowledge institutions in the province that support green research and development.
We're talking about technologies that are more energy-efficient.
They emit lower carbon emissions and promote a healthier community.
This region's success shows that conservation and innovation can be competitive advantages.
In short, this region is a great example of our government's plan to outperform the rest of the world during a time of low economic growth.
Our government calls this plan the Innovation Agenda.
Our vision is to make Canada a global centre for innovation—one that creates jobs, drives growth across all industries and improves the lives of all Canadians.
B.C.'s pole position in clean tech is a smart and forward-looking move.
In the years to come, clean technologies will play an increasingly important role in Canada's transformation to a low-carbon economy.
That's why some say the global market for clean tech is projected to be worth up to $3 trillion by 2020.
Canada must lead in this emerging and increasingly competitive market.
Our government is investing $1.2 billion to support the development of clean technologies across a number of industries.
Why invest in clean tech?
Because it reflects our government's commitment to protecting this planet.
But it also points to a clear and strategic direction for economic development through innovation.
That's because innovations in clean tech can create products and services that have an impact on a wide variety of other sectors.
Clean tech also has the potential to create thousands of well-paying jobs for Canadians.
So, today, we are doubling down.
I'm pleased to announce that the Government of Canada will invest more than $45 million in 17 innovative clean technology projects across Canada.
The projects span several sectors.
They include waste management; energy, exploration and production; power generation; energy use; and agriculture.
We are here today at DarkVision Technologies.
I have to congratulate Stephen Robinson on this impressive set-up.
No wonder this firm has been celebrated as a top start-up in B.C.
Of the investment announced today, DarkVision will receive $3 million.
The company will develop imaging technologies for oil and gas wells.
These technologies can help oil companies make quick decisions that reduce environmental impact, increase production and reduce cost.
It's a perfect example of conservation through innovation.
We are providing this support through Sustainable Development Technology Canada.
This agency supports companies that develop new technologies to address environmental challenges.
Ladies and gentlemen, through today's investments, we aim to spark energy innovation in this country.
And with powerhouse partners like DarkVision, I am confident that we can achieve this ambitious goal.
Congratulations again to Stephen and the team here, as well as to all the other successful recipients across Canada today.
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