Across Canada, companies at the forefront of cleantech innovation are developing solutions that will support economic growth, create jobs and protect the environment. The Government of Canada has prioritized investments in cleantech to ensure Canadian companies are positioned to compete in this growing industry, expected to reach a value of 2.5 trillion-dollars by 2022.
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, participated in Sustainable Development Technology Canada’s annual public meeting to announce how 18 cleantech companies across Canada will leverage $56 million in funding to bring new and innovative clean technologies to market.
“Canadians are leading the world’s transition to a low-carbon economy, and clean technology is part of the solution. Our government is positioning Canadians to seize the opportunities created by cleantech to create good jobs and leave a cleaner planet for our kids,” said Navdeep Bains, Minister of Innovation, Science and Economic Development
Two key investments are going to Genecis and H2NanO Inc. Genecis is developing a low-cost version of biodegradable thermoplastics by modifying them to make the thermoplastics more useful in a wider range of applications, which can help address the global plastic pollution problem. H2NanO will receive $1.7 million for its passive water treatment that removes organic contaminants from oil sands process affected water.
Investments in clean technology are part of the Government’s Innovation and Skills Plan, a multi-year strategy that is positioning Canada to be a global center for innovation, creating good middle-class jobs right across the country.