http://www.budget.gc.ca/2013/doc/plan/chap3-4-eng.html#a0-Chapter-3.4:-Investing-in-World-Class-Research-and-Innovation

It's positive that the Canadina federal budget 2013 provides some new money to SDTC and Electrovaya is highlighted as one of the companies in the budget.

Excerpt

Sustainable Development Technology Canada

Economic Action Plan 2013 proposes to provide $325 million over eight years to Sustainable Development Technology Canada to continue support for the development and demonstration of new, clean technologies that create efficiencies for businesses and contribute to sustainable economic development.

Sustainable Development Technology Canada was established in 2001 and supports a broad range of technologies that increase productivity, efficiency and ultimately the competitiveness of Canadian industry. Some of the companies supported by SDTC include:

Electrovaya (Mississauga, Ontario)—Electrovaya, in partnership with industry leaders like Chrysler, develops batteries and related systems and products for clean electric transportation, utility-scale energy storage and smart grid power, as well as for the c