Government of Canada invests in clean technology to create well-paying green jobs
“Our government supports the researchers, entrepreneurs and investors that make Canada a global leader in the growing clean technology market. These are the people who are creating the next wave of good, well-paying jobs for Canadians while protecting our clean air, water and food for generations to come.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
“This is an exciting milestone for the Canadian cleantech companies that are working tirelessly to develop ground-breaking technology solutions. Our team at Sustainable Development Technology Canada dedicated 2017–2018 to operating at the speed of business to better support Canadian cleantech developers. We made it simpler and more streamlined for companies to access financing, execute projects and move into the markets where they can shift from start-up to scale-up.”
– Leah Lawrence, President and CEO, Sustainable Development Technology Canada
Sustainable Development Technology Canada helps Canadian entrepreneurs develop and demonstrate new environmental technologies that address climate change, clean air, clean water and clean soil.
Budget 2017 provided over $2.3 billion to help clean technology firms grow and expand. This includes investments of nearly $1.4 billion in new financing through the Business Development Bank of Canada and Export Development Canada.
The Government has also made available $400 million to recapitalize Sustainable Development Technology Canada’s SD Tech Fund, which supports the development and demonstration of early-stage clean technology projects.
Global experts expect the clean technology market to grow to $2.5 trillion by 2022.
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Office of the Minister of Innovation, Science and Economic Development
Innovation, Science and Economic Development Canada
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