originally published: 2022-04-29 10:28:48
As an official partner of Sustainable Development Technology Canada (SDTC) we are proud that many of our cleantech startups have received grants that have helped them start and scale-up. SDTC has invested over $1.38 billion in 460 Canadian companies since it launched in 2001 and recognizes that clean technology is a $2.5 trillion opportunity for Canadian companies to become world leaders.
To find out if your startup qualifies for an SDTC grant, click here.
Federal Budget 2022, released on April 7, allocates $2.6 billion for a carbon-capture, utilization, and storage (CCUS) tax credit; $3 billion in funding to make zero-emission vehicles more affordable and build a national network of charging stations; $2.2 billion for the Low Carbon Economy Fund; $780 million to expand the Nature Smart Climate Solutions Fund, and more.
Preliminary learnings from the proposed Ontario budget (released yesterday on Thursday, April 28, 2022) indicate a focus on electric vehicles and natural resources. More details (and especially as it relates to sustainable technology development and new business growth in Ontario) are certain to follow in the coming weeks.
Altitude Accelerator is closely connected with local, provincial, and federal government officials and will be notified as new cleantech startup funding opportunities emerge, which we will share in real-time with our startups.
Canadian cleantech startup founders should also familiarize themselves with the following investment firms: Preference Capital, ArcTern Ventures, MaRS IAF, BDC Capital ICE Fund, Cycle Capital, and Renewal.
To learn more about funding opportunities for your startup, register with Altitude Accelerator to set up a meeting with our team and visit our website to learn more about our programs for entrepreneurs.
And we will see you next week on May 6, where we will discuss market opportunity for your cleantech business idea and must-haves for a winning pitch deck.