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$250 million Canadian Fund for Technology Companies that can modernize Industries

BDC Capital, the investment arm of BDC recently launched the $250 million Industrial Innovation Venture Fund to invest in tech companies and entrepreneurs accelerating the transformation of core Canadian industries including agriculture and food technologies, resource extraction technologies and advanced manufacturing.

The Industrial Innovation Venture Fund will invest in early to late stage firms with the genius and ambition to drive marked improvements in productivity and competitiveness across the value chains of the core competitive industries that are the backbone of the Canadian economy, through combinations of innovative and transformative technologies, processes, and business models.

“BDC Capital is excited to be a first mover again, this time supporting innovation and technology adoption among core competitive industries like ag-tech, resource extraction and advanced manufacturing with our new venture capital fund, said Jérôme Nycz, Executive Vice President, BDC Capital. “This fund is complementary to our existing work with the Industrial, Clean and Energy Technology (ICE) Venture Fund, and by launching the Industrial Innovation Venture Fund, we are doubling down on developing transformative solutions for Canadian industries.”

The goal of the Industrial Innovation Venture Fund is to enable technology innovation and commercialization in key Canadian industrial sectors like ag-tech, advanced manufacturing, oil and gas as well as mining tech.

BDC Capital is the investment arm of BDC- Canada’s only bank devoted exclusively to entrepreneurs. With over $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers a full spectrum of risk capital, from seed investments to transition capital, supporting Canadian entrepreneurs who wish to scale their businesses into global champions. Visit bdc.ca/capital.

Investment Firm commits $1 billion toward innovative companies building a sustainable economy

Generation Investment Management LLP, with offices in London and San Francisco, recently announced the close of its $1 billion Generation IM Sustainable Solutions Fund III. The monies in the fund will be invested in innovative companies with high-growth potential. Investments will be in the range of $50-150 million.

“We believe that we are at the early stages of a technology-led sustainability revolution, which has the scale of the industrial revolution, and the pace of the digital revolution,” said Al Gore, Chairman and Co-Founder.

The Generation Sustainable Solutions Fund will focus on investments in growth-stage businesses with well-established technology and commercial traction in three areas:

1. Planetary health: low carbon solutions transforming mobility, food, energy, and enterprise

2. People health: enabling health outcomes and a lower-cost, accessible healthcare system

3. Financial inclusion:supporting accessto finance and an equitable future of work.

“Sustainability is about both what a company does (the products and services it sells) and how a company operates,” said Lila Preston, Partner and Co-Head of the Growth Equity platform. “A hallmark of our investment approach is that we take a systems-level view and leverage our long-term horizon and deep industry insights.”

Generation Investment Management LLP is dedicated to long-term investing, integrated sustainability research, and client alignment. It is an independent, private, owner-managed partnership established in 2004 and headquartered in London, with a US office in San Francisco. Generation Investment Management LLP has approximately $22 billion of assets under management.

Montreal’s $75 million grant program for brownfield redevelopment

The City of Montreal has $75 million available in grants it will be giving away to encourage redevelopment of brownfield sites in the City. The funding was made available from the Quebec government last year.

Map of the City of Montreal outlining the Island of Montreal

The Funds will be available for eligible developers that decontaminated brownfields within the city and redevelop them. The money is to be spent between now and 2022.

Quebec Environment Minister Chantal Rouleau with Montreal Mayor Valerie Plante

Montreal Mayor Valerie Plante said a portion of the fund will also go toward decontaminating buildings. “It’s huge because I hate to say it but the entire island of Montreal is contaminated except for the existing greenlands of course. So every time we want to attract businesses, big investments, and they want to build something somewhere, and even for housing or anything; schools, parks, everything, we need to go through the decontamination phase,” said Ms. Plante.

The grants will cover 15 to 70 percent of costs for eligible projects. The remainder of the clean-up costs would need to come from the other parties involved.

Companies or developers will present their projects to the city and Montreal will grant an amount based on the type of project presented and its environmental-friendliness.

Saskatchewan Accepting Applications for government funding of Contaminated site Clean-ups

The Environment Ministry of Saskatchewan recently announced that it was accepting applications from municipalities for funding to clean-up contaminated sites.

Critics claim the paltry $178,000 in the fund is barely enough to cover the costs of the clean-up of one site. The source of money in Saskatchewan’s Impacted Sites Fund are the fines collected under The Environmental Management and Protection Act, 2010. 

Administered by the Saskatchewan Ministry of Environment, the fund provides financial support to municipal governments to clean up these sites so they can be used for future economic or social development opportunities.  An abandoned, environmentally impacted site is an area, such as a former gas station or laundromat, that has been contaminated.

“In addition to the obvious environmental and human health benefits of cleaning up contaminated sites, the Impacted Sites Fund will allow communities to use those sites for other, economically beneficial purposes,” Environment Minister Dustin Duncan said.

Municipalities can apply for funding at the Saskatchewan Environment Impacted Sites Fund web page. Municipal governments and municipal partnerships, which may include municipally owned corporations, not-for-profit organizations, and private companies, are eligible to apply for project funding to clean up the contaminated sites using the Impacted Sites Fund. 

Applications are not funded on a first-come, first-served basis.  The Ministry of Environment will assess and rank the applications according to environmental, social, and economic factors.  First priority will be given to sites that pose the greatest risk to human or ecological health.

Canada to Commits Major Funding to Scientific Research on Oil Spill Response

The Government of Canada recently announced that it was committing $4.1 million to six international organizations to fund research projects that will help improve protocols and decision-making to minimize the environmental impacts of oil spills.

The recipients include: Commonwealth Scientific and Industrial Research Organisation; Johns Hopkins University; New Jersey Institute of Technology; SINTEF Ocean; Texas A&M University; and Woods Hole Oceanographic Institution.

Examples of the projects that will be founded included the following:

  • The Woods Hole Oceanographic Institution in Woods Hole, Massachusetts is receiving $638,000 to conduct a three-year study to quantify the effect of oil photochemical oxidation on the performance of chemical herders in Canadian waters; and
  • Johns Hopkins University in Baltimore, Maryland is receiving $760,000 to conduct a four-year study on the effects of crude oil properties, dispersants, and weathering on the breakup of plumes and slicks.

These projects are part of the $45.5 million Multi-Partner Research Initiative, announced last year to leverage collaboration among oil spill experts in Canada and abroad to ensure we have the capability to provide the best scientific advice and tools to respond to oil spills in our waters.

A total of 35 Canadian and international projects will focus on a wide range of innovative strategies and technologies to aid in oil spill response. Under this initiative, researchers will investigate computer modeling to predict the movement and fate of spilled oil, the use of chemical dispersants and herders, the efficiency of in-situ (or onsite) burning of oil spilled at sea and the potential of bio-based agents to disperse oil through biodegradation.

The Multi-Partner Research Initiative will support a variety of different but interrelated research projects on alternative response measures for oil spills while facilitating partnerships among the best researchers across Canada and around the world. These collaborative efforts will improve our knowledge of how oil spills behave, how best to contain them and clean them up, and how to minimize their environmental impacts.

Government Funding Available to assist with exports for SME Cleantech Companies

The Government of Canada recently announced that $17 million would be made available for small-to-medium enterprise (SME) echnology companies (including Cleantech) to assist in exports.

The $17 million will be used to expand the successful Canadian Technology Accelerator (CTA) program and will be distributed to eligible companies over a five year period.

About the CTA Program

The Canadian Technology Accelerator (CTA) is a program of the Canadian Global Affairs Canada’s Trade Commissioner Service. It offers high-intensity programming that helps selected high-growth, high-potential Canadian technology firms scale up by connecting them with export, investment and partnership opportunities in global innovation centres. Over the course of a four- to six-month program, CTA participants are provided with tailored support ranging from in-market working space and coaching to market validation and introductions to potential partners, clients and investors.

Since 2013, the CTA program has helped over 500 Canadian technology companies accelerate their growth by gaining a foothold in key U.S. innovation centres. Since 2013, the program has achieved notable success in Boston, New York and San Francisco. An investment of $2 million a year has been leveraged into $510 million in capital raised, $190 million in new revenue, 996 strategic partnerships and 2,125 new jobs for 489 high-growth, high-potential firms in key technology sectors, such as information and communications technology, life sciences and clean-tech.

Canadian SME Cleantech Leaders

There are many examples of SME clean tech companies in Canada. Of the recent Global Cleantech 100 companies listed by the Cleantech Group, 12 are from Canada. The Canadian companies on the Global Cleantech 100 list are as follows:

  • Axine Water Technologies – Created a new standard for treating toxic organic pollutants in industrial wastewater, solving a global problem for pharmaceutical, chemical and other manufacturing industries. Vancouver, B.C.
  • CarbonCure – Retrofits concrete industry plants with a technology that recycles waste carbon dioxide to make affordable, greener concrete products. Halifax, N.S.
  • Cooledge Lighting – Provides adaptable LED lighting solutions to help the design industry integrate light into the built environment. Richmond, B.C.
  • ecobee – Empowers people to transform their lives, homes, communities and planet through innovative technologies that are accessible and affordable. In 2007, ecobee introduced the world’s first smart Wi-Fi thermostat to help millions of people save energy and money without compromising comfort. Toronto, Ont.
  • Enbala – Provides the advanced technology needed to ensure the operational stability of the world’s power grids by harnessing the power of distributed energy. Vancouver, B.C.
  • GaN Systems – Manufactures a range of highly efficient transistors that address the needs of various industries, including renewable energy systems, data centre servers, automotive systems, industrial motors and consumer electronics. Ottawa, Ont.
  • Inventys – Commercializes a low-cost and energy efficient technology for capturing post-combustion CO₂ from various sources, such as natural gas boilers, gas turbines, and industrial facilities, such as cement plants. Burnaby, B.C.
  • Metamaterials Technologies – Develops smart materials and photonics to provide solutions in the field of optics for several industries, including aerospace and defence, healthcare, energy, education, and cleantech. Dartmouth, N.S.
  • MineSense Technologies – Improves the ore extraction and recovery process to significantly increase profitability and decrease requirements for energy, water and chemicals. Vancouver, B.C.
  • Opus One Solutions – Developed GridOS®, an intelligent data analytical platform for smart grids that delivers optimal energy planning and management to generate, distribute, store and consume energy in a distributed network, paving the way toward a distributed energy economy. Toronto, Ont.
  • Semios -Develops agricultural technology innovation involving precision agriculture, biological pest control and data management. Vancouver, B.C.
  • Terramera – Uses technology to replace synthetic chemical pesticides with high-performance, plant-based pest control products for agricultural and consumer use. Vancouver, B.C.

The cleantech global market is estimated to be worth US$1 trillion and expected to surpass the US $2.5 trillion by 2022.

Latest Funding Allocation

The additional $17 million in funding will allow the expansion of CTA programming to global innovation centres: Berlin, Delhi, London and Mexico City. This builds upon the recent expansion of the CTA to four Asian cities (Hong Kong, Taipei, Tokyo and Singapore), funded as part of Budget 2018’s commitment to strengthen Canada’s diplomatic and trade support presence in Asia. 

Who is Eligible and How to Apply

CTAs are open to innovative Canadian tech companies that can demonstrate:

  • Traction in the Marketplace: You have at least a minimum viable product (MVP), along with quantifiable evidence of maturity (revenue, investment, or number of users).
  • Product Market Fit: You can define your target audience, articulate the problem you solve, and demonstrate differentiation of your product/service.
  • Strong & Experienced Executive Management Team: You can commit to send at least one senior member (C-level or Founder) to take part in the program and have the financial resources to cover in-market costs.
  • Potential to Scale: You have a well thought out go-to-market plan for the CTA location along with KPIs to match.

Participants are chosen in a competitive process. The Trade Commissioner Service and a panel of industry experts review the applications and decide whether applicants are eligible and a good fit for a location.

If you are chosen a CTA team members will contact you. Companies must be ready to commit the time and money needed for their executives to live full time in the target location.

For more information on how to apply, visit the CTA website.

Canada’s Key Cleantech Centres

U.S.: Opportunity for Environmental R&D Funds for Small & Large Businesses

On January 29th 2019,  the U.S. Strategic Environmental Research and Development Program (SERDP) and the U.S. Environmental Security Technology Certification Program (ESTCP) released a solicitation for both small and large businesses to competitively fund research and development for environmental research.

The Department of Defense (DoD) SERDP Office is interested in receiving white papers for research focusing in the areas of Environmental Restoration, Munitions Response, Resource Conservation and Resiliency, and Weapons Systems and Platforms technologies. The ESTCP Office is interested in receiving white papers for innovative technology demonstrations that address DoD environmental and installation energy requirements as candidates for funding.

SERDP supports environmental research relevant to the management and mission of the DoD and supports efforts that lead to the development and application of innovative environmental technologies or methods that improve the environmental performance of DoD by improving outcomes, managing environmental risks, and/or reducing costs or time required to resolve environmental problems.

Awardees under this Broad Agency Announcement (BAA) will be selected through a multi-stage review process. The white paper review step allows interested organizations to submit research white papers for Government consideration without incurring the expense of a full proposal. Based upon the white paper evaluation by SERDP, each of the white paper submitters will be notified as to whether SERDP requests or does not request the submission of a full proposal. As noted in the instructions located on the SERDP website, evaluation criteria for white papers are Technical Merit and SERDP Relevance.

Instructions in the links below pertain to the submission of white papers responding to the SERDP BAA for Environmental Research and Development.  This BAA is for Private Sector Organizations. White papers submitted must be in response to a topic listed in the instructions on this page.

Information Related to the Broad Agency Announcement Open Solicitation

Business Opportunities for Environmental Research and Development

The United States Department of Defense’s Strategic Environmental Research and Development Program (SERDP) is seeking environmental research and development proposals for funding beginning in FY 2020. Projects will be selected through a competitive process. The Core Solicitation provides funding opportunities for basic and applied research and advanced technology development. Core projects vary in cost and duration consistent with the scope of the work proposed.

The Statements of Need (SON) referenced by this solicitation request proposals related to the SERDP program areas of Environmental Restoration (ER), Munitions Response (MR), Resource Conservation and Resiliency (RC), and Weapons Systems and Platforms (WP).

The SERDP Exploratory Development (SEED) Solicitation provides funding opportunities for work that will investigate innovative environmental approaches that entail high technical risk or require supporting data to provide proof of concept.

Funding is limited to not more than $200,000 and projects are approximately one year in duration. This year, SERDP is requesting SEED proposals for the Munitions Response and Weapons Systems and Platforms program areas. All Core pre-proposals are due January 8, 2019. SEED proposals are due March 5, 2019. For more information and application instructions, see https://www.serdp-estcp.org/Funding-Opportunities/SERDP-Solicitations.

Snapshot of the Canadian Brownfields Programs

As reported by Don Proctor in The Daily Commercial News, the federal government has an important role to play in supporting brownfield development, suggests a recent report authored by third-year undergraduate Ryerson University students working on behalf of the Canadian Brownfields Network (CBN).

“There is a sense among industry professionals and academics that the industry as a whole has not progressed as much as it should,” said one of the students, David Sturgeon, at the CBN’s annual conference held recently at the downtown Toronto university campus.

Map of Brownfield Sites in Regina, Saskatchewan

The students conducted a broad snapshot of federal brownfield programs, highlighting cleanup and best practices.

Sturgeon said the student team organized a three-tier rating scoresheet for each province’s progress on brownfields. B.C., Ontario and Quebec got the highest marks. Quebec is a leader because of its incentives-based cleanup programs. One initiative offers 70 per cent funding for onsite remediation work.

Quebec also has an accessible and up-to-date brownfield site inventory, which is a step ahead of other provinces, Sturgeon told delegates.

While the country’s three most populous provinces scored high, the students ranked Alberta lower down, closer to the middle tier.

“It (the Alberta government) has made quite a bit of progress towards cleanup in the last couple of decades,” Sturgeon said. “But where they struggle is helping developers to act sooner than later on idle or vacant contaminated sites.”

The student team was led by Chris De Sousa, the vice-president of the CBN and a professor at the School of Urban and Regional Planning at Ryerson University. De Sousa said the study compiled extensive information on brownfields from federal, provincial and territorial governments. Also reviewed were provincial stakeholder groups and comparisons were made with the U.S. and the United Kingdom.

Reanne Ridsdale, a Ryerson PhD student, conducted research into actual practice versus the objectives outlined in the National Round Table on the Environment and the Economy (NRTEE), founded in the late 1980s. For a survey of about 6,500 brownfield remediated sites across Canada, Ridsdale polled 80 participants, including environmental consultants, government officials, several lawyers and financiers.

Eighty-five per cent of those polled said brownfields were a medium to high priority in their organization.

She said 59 of the 80 respondents indicated Canada would benefit from a national fund for brownfield redevelopment. The top three developmental barriers indicated by respondents deal with remediation costs and lack of information available on site conditions, Ridsdale said.

The survey also supported the CBN as a national organization but some respondents were negative because the CBN does not receive federal funding so its scope is limited.

“We are a little bit eastern-centric,” which is probably because of the lack of funding, Ridsdale told delegates, adding the survey results will be published as part of a white paper this summer.

Angus Ross, chairman of L and A Concepts, chaired two government task forces on brownfields, including one that created the National Brownfield Redevelopment Strategy for Canada in 2003. The findings were not the last word on brownfields “but they did a tremendous job in kickstarting the entire brownfield file in Canada,” he said.

Ross, who was appointed by the federal government in 1996 to head the NRTEE and in 2004 to chair the CBN’s advisory panel, said brownfields became “a household word” in the early 2000s through media reports on the NRTEE.

“We got very immediate provincial and municipal buy-in,” he told delegates at the conference.

Hamilton Waterfront

Canada makes a significant coastal restoration fund investment

The Government of Canada recently announced funding for projects under its Ocean Protection Plan.  The financial contribution by the government is $7 million over 5 years for projects to help restore coastal habitats in Nova Scotia and the Arctic.

Four organizations will receive together over $7 million over 5 years for projects to help restore coastal habitats in Nova Scotia and in the Arctic.

The Clean Foundation is receiving $2,408,947 in project funding towards restoring tidal wetlands in the Northumberland Strait area of Nova Scotia and building community capacity to identify, protect, and rehabilitate this habitat. To do this, the Clean Foundation will: 1) identify, restore and monitor tidal wetland sites in the various areas of the Northumberland Strait, and; 2) work wit

Bay of Fundy

h multi-sectoral partners, including Indigenous organizations and communities to engage, educate and build capacity to protect and restore this important habitat.

Saint Mary’s University, Department of Geography & Environmental Studies is receiving $1,830,594 in project funding towards restoring tidal wetland habitat through the realignment of dyke infrastructure at several sites bordering the Bay of Fundy. It will include building regional capacity for effective scientific, technical and procedural components of managed realignment and marshland restoration projects that can be applied to future sites throughout Atlantic region.

The Maritime Aboriginal Peoples Council is receiving $1,259,304 in project funding towards identifying areas for rehabilitation and developing a restoration plan focused on addressing habitat restoration and impediments to fish passage, such as improving the efficiency of tidal-gate or aboiteaux structures. Four of the five watersheds within the project scope are identified as critical habitat for the endangered inner Bay of Fundy (IBoF) Atlantic Salmon.

Dalhousie University will receive $1,985,500 to determine coastal restoration priorities across Nunavut, and restore three priority sites, including a low flow barrier to fish passage located on the Nilaqtarvik River near the community of Clyde River. The study will address data deficiencies in coastal habitat health, habitat fragmentation, fish health, traditional knowledge and science through community consultation and feasibility studies. Researchers will also work in partnership with the Government of Nunavut, hamlets and Hunter and Trapper organizations in all 25 Nunavut communities to develop coastal restoration plans on a case-by-case basis.

Community of Clyde River, Nunavut

The Coast Restoration Fund, started in 2017, is a $75 commitment by the Canadian to help rehabilitate vulnerable coastlines and protect marine life and ecosystems. The Coastal Restoration Fund, under the responsibility of Fisheries and Oceans Canada, supports projects that contribute to coastal restoration on all of Canada’s coasts, with preference given to projects that are multiyear and involve a broad number of partners, including Indigenous groups.  The Coast Restoration Fund is part of a larger  Oceans Protection Plan.  Under the Oceans Protection Plan, the Canadian Government has committed $1.5 billion to coastal restoration.