The list: Hopefully, all concerned are aware of all of the items below.
https://www.bdc.ca/en/bdc-capital/venture-capital/funds/cleantech-practice New equity and commercial loans for high-potential clean tech companies. A commercially validated IP-protected technology demonstrating a positive environmental impact. Proven market traction with significant potential for revenue growth and commercial contracts. The ambition to scale beyond $100 million in annual revenue. A clear pathway to profitability. $400 million fund, advisory team who works in close partnership with portfolio companies, providing advice, and industry connections.
https://www.bdc.ca/en/bdc-capital/venture-capital/funds/climate-tech-fund Focus • Late-stage seed to growth stage capital • Impactful technologies that materially reduce GHG emissions • Hard technologies (capital intensive business models) • Defensible proprietary intellectual property • Demonstrated market traction / validated product-market fit • Clear line of sight to achieve commercial scale and profitability Firms developing technology that materially mitigates GHG emissions in themes of: • Electrification & mobility • Built environment • Carbon capture, utilization, conversion and sequestration • Low-carbon fuels and energy
https://www.bdc.ca/en/bdc-capital/venture-capital/funds/sustainability-venture-fund Venture fund dedicated to investing in businesses developing technologies that will support Canada and the world meet sustainability and climate targets. Thanks he Sustainable Venture Fund will invest in technologies in line with four key United Nations Sustainable Development Goals (SDGs) leveraging Canada's strengths and areas of opportunity: sustainable communities and cities, responsible production and consumption, climate action as well as clean and affordable energy. In particular, the Fund will focus on SaaS, hardware-enabled software, and software-led companies.
Deadline to submit applications is February 8, 2024. Federal funding for projects that deploy proven, low-carbon technologies resulting in material GHG emissions reductions across sectors, focusing on its cost-effectiveness objective to maximize GHG emissions reductions. Applicants may request from $1 million up to $25 million in funding for eligible project expenditures. Federal cost share will range from 25% to 75% of total eligible project expenditures that an applicant can receive from the Challenge Fund, depending on the applicant type. To be eligible, projects must result in reductions in GHG emissions in 2030 and align with Canada's goals for net-zero emissions by 2050. These reductions must be: • sources of GHG emissions controlled by the applicant or project partner (direct) and/or grid electricity emissions (acquired) • beyond what is required by existing regulations, standards, or codes and ongoing work by project proponents (incremental) • directly and immediately the result of activities funded by the program
https://ised-isde.canada.ca/site/strategic-innovation-fund/en/about-program Federal funding for large innovation projects across industrial and technology sectors. Contribution funding of a minimum of $10 million to cover up a maximum of 50% of eligible project costs. Contributions may be: • conditionally or unconditionally repayable (most cases) • non-repayable • a combination of 1 and 2 Stacking limits: Combined funding from all governments may not normally exceed 75% of eligible costs. Stream 1: • R&D projects that will accelerate technology transfer and commercialization of innovative products, processes and services • TRL 1-9 Stream 2: • Projects that will facilitate the growth and expansion of firms in Canada • TRL 8-9 Stream 3: • Projects that attract and retain large-scale investments to Canada. • TRL 2-9
https://www.sdtc.ca/en/start-up-and-scale-up/ THIS ONE IS PAUSED TEMPORARILY, but watch for change! Federal funding for the development and demonstration of clean technologies and for early commercialization. Funding is a non-repayable contribution. SDTC typically provides: • funding on average 33% (up to 40%) of eligible projects costs • an average contribution of $2 million to $4 million, with funds disbursed over the life of the project up to a five-year period Eligible Canadian companies must demonstrate strong Canadian benefits with a defined project and have: • a product or service that has the potential to deliver significant and quantifiable environmental benefits resulting from commercial-scale deployment • a novel technology at TRL 3-8 that is supported by intellectual property owned by the company and a strategy to enable future growth • a defined project supported by a business plan that puts the company on the path to commercialization • a potential customer or end use partner who can validate market need