Sustainable Development Technology Canada (SDTC)
Sustainable Development Technology Canada (SDTC) is a foundation created by the Government of Canada to support Canadian companies with the potential to become world leaders in their efforts to develop and demonstrate new environmental technologies that address climate change, clean air, clean water and clean soil. Governance and oversight of SDTC’s activities are provided by an independent, 15-member Board of Directors. The Board comprises private and not-for-profit sector leaders from across Canada with a broad range of experience and expertise. Board oversight includes accountability for the management of SDTC financial matters, strategic direction and business affairs.
SDTC’s mission is to be a catalyst and convenor for Canada’s cleantech ecosystem by helping Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions.
To realize this mission, SDTC seeks to:
- Fund the development and demonstration of new sustainable development technologies related to climate change, clean air, clean water and clean soil.
- Foster and encourage innovative collaboration and partnering amongst the private sector, academia, not-for-profit and other like-mandated organizations to develop and demonstrate environmental technologies with respect to climate change, clean air, clean water and clean soil.
- Promote timely diffusion of new sustainable development technologies across key economic sectors in Canada.
Governance, Oversight, and Accountability
Governance and oversight of SDTC’s activities are provided by an independent, 15-member Board of Directors. The Board comprises private and not-for-profit sector leaders from across Canada with a broad range of experience and expertise. Board oversight includes accountability for the management of SDTC financial matters, strategic direction and business affairs.
In addition to being accountable to its Board of Directors, SDTC is accountable to Parliament through the Minister of Innovation, Science and Economic Development Canada (ISED).
Budget 2017 highlighted the opportunity to make Canada a true global leader in clean technology. Recognizing SDTC’s role in realizing this ambitious goal, Budget 2017 included an additional investment of $400 million over five years to re-capitalize the SD Tech Fund. This $400 million commitment is the single largest investment made by the Government of Canada since SDTC’s inception in 2001. Since 2001, the Government of Canada has committed $1.364 billion to SDTC.
At SDTC, we are advancing this goal by establishing relationships with relevant government and non-government partners to build an ecosystem of support for the companies in which we invest – our portfolio companies. This ecosystem of support will enable our portfolio companies to turn nascent clean technologies into high-growth Canadian firms. In addition to forging meaningful partnerships for our portfolio companies, we help them advance their projects in the critical stages of pre-commercial development and demonstration.
Four Key Elements: Nurture, Build, Launch & Grow
In 2015 SDTC launched its Nurture, Build, Launch and Grow business strategy. This strategy delivers a dynamic and client-centric model that enables clean technology entrepreneurs to grow companies and improve cleantech innovation in Canada.
SDTC partners with like-mandated organizations to streamline funding of targeted innovation initiatives and actively works with partners to identify potential projects that may be eligible for funding through the SD Tech Fund.
Provincial PartnershipsTransition énergétique Québec (TEQ) – Technoclimat
Transition energetique Quebec (TEQ), through the Technoclimat program, and SDTC have partnered to support and strengthen companies developing innovative clean-energy projects and technologies that reduce greenhouse gas emissions (GHG).
A new, streamlined application framework allows cleantech projects to maximize their sources of funding to take advantage of the expertise of both organizations and to explore opportunities for other partnerships and collaborations.
BC Innovative Clean Energy (ICE) Fund
The ICE Fund is a Special Account, funded through a levy on certain energy sales, designed to support the Province’s energy, economic, environmental and greenhouse gas reduction priorities, and to advance B.C.’s clean energy sector.
Alberta Innovates – Energy and Environment Solutions (AI-EES) is the lead agency for advancing energy and environmental technology innovation in Alberta.
Emissions Reductions Alberta
Emissions Reduction Alberta (ERA) evolved from Alberta’s Climate Change and Emissions Management (CCEMC) Corporation. ERA works collaboratively with Government, industry and the innovation community to secure a lower-carbon future for Alberta.
Ontario’s TargetGHG Collaborative Technology Development Program
Ontario Centres of Excellence (OCE) drives the development of Ontario’s economy by helping create new jobs, products, services, technologies and businesses.
Clean Growth Hub
Through Budget 2017 the Government of Canada created the Clean Growth Hub, an interdepartmental team co-chaired by Natural Resources Canada (NRCan) and Innovation, Science and Economic Development (ISED) with a mandate to help clean technology producers and users navigate the Government of Canada’s clean technology programs. SDTC is providing in-kind staff support to the Hub.
Export Development Canada and the Business Development Bank of Canada
Export Development Canada (EDC), Business Development Bank of Canada (BDC) and SDTC are collaborating to create seamless, interagency handovers to support the commercial preparedness and growth of companies.
Export Development Canada provides Canadian exporters with the trade financing, export credit insurance and bonding services, as well as foreign market expertise.
BDC is Canada’s business development bank and the only financial institution dedicated exclusively to entrepreneurs. Its mission is to help create and develop strong Canadian businesses through financing, advisory services and indirect financing, with a focus on small and medium-sized enterprises.