Cleantech News; Sustainable Development Technology Canada Announces Latest Call for Clean Technology Funding Applications

Category: Investment, Cleantech, Renewable Energy

Visit this company: www.sdtc.ca

OTTAWA, ONTARIO - September 1, 2010 (Investorideas.com renewable energy/green newswire) - Sustainable Development Technology Canada (SDTC) today announced its 18th round of funding for Canadian clean technology demonstration projects. Canadian entrepreneurs and technology developers with new technologies and a compelling business case are encouraged to submit Statements of Interests to the SD Tech Fund™ from September 1 to October 20th, 2010.

"SDTC is helping companies commercialize their new technologies, creating jobs and increasing the competitiveness and efficiency of the Canadian economy" said SDTC President and CEO Vicky J. Sharpe, "SDTC investment of $478M, combined with an active portfolio support strategy, has catalyzed an additional $2.4B in follow-on funding into some of the most promising high growth Canadian companies."

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 helps companies through the critical juncture when capital and scaling costs become formidable challenges and the risk profile deters many other investors.

While applications for technology solutions related to Climate Change, Clean Air, Soil and Water are encouraged, SDTC's current priority focusinclude technology solutions that:

• Mitigate environmental impacts associated with Canada's natural resource sector including "green mining", cleaner fossil fuels and forestry
• Enable cleaner energy production and improved energy efficiency of the built environment, transportation and industrial processes
• Improve the efficiency of the largest water users and address the most sensitive points of water contamination
• Increase yield and improve temperature and drought resistance of agricultural crops and mitigate land-use changes and biodiversity loss
• In addition, SDTC's SD Business Case(™) reports should be used to identify additional priority investment areas. These reports are available in the Knowledge Centre section of the SDTC website at www.sdtc.ca.

The SDTC portfolio is currently comprised of 195 clean technology projects, for a total value of $1.6 billion.

"The Canadian economy is at a cross-roads and it is critical that we remain at the front of the global pack in developing new technologies," said Sharpe "Investing in smart, efficient technologies today makes our traditional economic pillars, such as the natural resources and manufacturing sectors, much more competitive on the global stage, and creates new markets to maintain Canada's prosperity for future generations."

With the current Round, SDTC is accepting applications until October 20th, 2010. Potential applicants are requested to first review the application process and funding requirements at sdtc.ca/applications and then schedule an initial call with an Applications Manager by emailing applications@sdtc.ca.

About SDTC

Sustainable Development Technology Canada (SDTC) is an arm's-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government's 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.

For more information, please contact

Media Relations:
Sustainable Development Technology Canada
Patrice Breton
Director, Communications
613-234-6313 ext. 295
media@sdtc.ca

or

Application Process:
Rob Barkwell
Manager, Applications
613-234-6313 ext. 349
r.barkwell@sdtc.ca

or

Reid McDougall
Manager Applications
613-234-6313 ext. 304
r.mcdougall@sdtc.ca

More Info:

This news is published on the Investorideas.com Newswire and its syndicated partner network

News now!

Get Investorideas.com investor news and stock alerts
Free Sign Up: http://www.investorideas.com/Resources/Newsletter.asp

Disclaimer: The following news is paid for and /or published as information only for our readers.

Investorideas.com is a third party publisher of news and research. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. If you have any questions regarding information in this press release please contact the company listed in the press release.

Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp

Investorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp

BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

TOP