Innovation, Science, and Industry Minister François-Philippe Champagne joined Sustainable Development Technology Canada (SDTC) Chair Annette Verschuren and SDTC President and CEO Leah Lawrence to announce investments of $44.3 million in 11 Canadian cleantech companies.
One of these companies is Axine Water Technologies Inc. of Vancouver, British Columbia. It will receive $6.2 million for the development and demonstration of a second generation, digitized wastewater treatment system.
“Climate change is one of the greatest threats to Canadians and our economy, and Canadian innovation will be a key driver in the fight for a greener and cleaner future,” said Minister Champagne. “Canadian cleantech innovation will be the driving force behind our green economic recovery. It will not only create thousands of good jobs, but also help build a sustainable future. With the investment we are making today, we are supporting the Canadian innovators who are helping to achieve our ambitious goal of a net-zero economy by 2050.”
The Minister held a virtual roundtable discussion with Canadian cleantech CEOs and entrepreneurs who are receiving SDTC funding to advance their innovations. These cleantech leaders discussed how these technologies are revolutionizing every sector of the economy.
“It is no surprise Canadian cleantech innovation is one of the best in the world,” said Leah Lawrence, president and CEO of SDTC. “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.”