Government of Canada invests $44.3M across 11 Canadian cleantech companies

The Government of Canadian announced strategic investments of $44.3 million in 11 Canadian cleantech companies, including North Vancouver’s Ecoation Innovative Solutions Inc. (ecoation), to further advance Canada’s position as a leader in the rapidly evolving clean technology market.

Looking forward, the Government of Canada has taken initiative to show that the road to recovery following the global pandemic includes strategic government investments in cleantech to grow a greener economy of the future. ecoation is one of 11 Canadian cleantech innovators to receive new financial support from Sustainable Development Technologies Canada amounting to $3.1M.

The funding announced last week by Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, joined by Sustainable Development Technology Canada (SDTC) Chair Annette Verschuren and SDTC President and CEO Leah Lawrence will support small- and medium-sized businesses that are working to reduce greenhouse gas emissions, the environmental impacts of energy exploration and production, support more sustainable agricultural practices, and respond to a wide range of important challenges.

The companies receiving SDTC funding are developing innovative climate technologies across the following sectors:

Agriculture
Terramera Inc. in Vancouver BC, receives $7.9M for developing a soil carbon validation tool​.
Ecoation from North Vancouver, BC receives $3.1M their Farming as a Service (FaaS).

Chemical Products
Lorama Group Inc.. in Mississauga, ON receives $2.6M for developing bio-adhesive to replace formaldehyde-based adhesives for wood composite board production.
Pyrogenesis Canada Inc. in Montreal, QC receives $0.7M for developing a new plasma process to produce fumed silica.

Energy Utilization
Molded Precision Components in Oro-Medonte, ON receives $9.3M for Pellet-to-Pallet: Green Advanced Manufacturing of Plastics
QEA Tech Inc. in Markham, ON receives $1.1M for developing an AI-powered drone platform and quantifying energy losses from outside the building.
OPTEL Group in Quebec, QC receives $3.03M to develop an Intelligent Supply Chain for Environmental Benefits

Energy Exploration and Production
Flyscan System Inc. in Quebec City, QC receives $1.5M for airborne detection of small liquid pipeline leaks.

Water Electrolysis
Hydrogen Optimized in Owen Sound, ON receives $4.8M to advance the commercialization of its high current water electrolysis system for producing Green Hydrogen at scale.

Waste Management
Environmental Material Science Inc, in Edmonton, AB receives $4.1M for Sustainable Environmental Remediation.

Water Treatment
Axine Water Technologies Inc. in Vancouver BC, receives $6.2M for the development and demonstration of a second generation, digitized wastewater treatment system.

“We are very pleased to receive this funding, and immensely grateful for the ongoing generous support from the Government of Canada. Over the last year, ecoation has doubled the size of our team, creating many good jobs despite the collective challenges that businesses faced around the globe. This support will enable us to continue to create employment opportunities and push forward to shape a greener future for agriculture.” - Dr. Saber Miresmailli, Co-Founder and CEO, Ecoation Innovative Solutions Inc.

For more information:
ecoation
www.ecoation.com
info@ecoation.com

 


 


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