SDTC invests $17.2M into BC's Axine Water Technologies, Ecoation and Terramera
A total of $44.3 million invested in 11 Canadian cleantech companies across the country.
The federal government, through the Sustainable Development Technology Canada (SDTC) agency, announced investments of $44.3 million in 11 Canadian cleantech companies including $17.2 million for three BC technology firms.
Terramera Inc. in Vancouver receives $7.9 million for developing a soil carbon validation tool. Ecoation from North Vancouver receives $3.1 million for their Farming as a Service (FaaS) product. Axine Water Technologies Inc. in Vancouver receives $6.2 million for the development and demonstration of a second-generation, digitized wastewater treatment system.
In a statement announcing the funding, the Honourable François-Philippe Champagne, federal Minister of Innovation, Science and Industry, said: “Canadian clean tech innovation will be the driving force behind a green economic recovery. It will not only create many thousands of well-paying jobs but also help build a sustainable future for all Canadians. With this investment in clean technologies, we are strengthening support for the Canadian innovators forging the global path to a net-zero reality by 2050.”
The funding is tied to the federal government’s climate plan, A Healthy Environment and a Healthy Economy, announced in December 2020.
“It is no surprise Canadian cleantech innovation is one of the best in the world,” said Leah Lawrence, President and CEO, Sustainable Development Technology Canada.
“Today's investment will ensure we continue to strengthen Canadian entrepreneurship and empower cleantech innovators to lead the global path to net zero. Congratulations to all the companies receiving funding today, we are inspired by your commitment and dedication to sustainable development and are proud to support you on this journey.”