|Policy status:||In Force|
|Policy Type:||Voluntary Approaches>Negotiated Agreements (Public-private sector), Economic Instruments>Fiscal/financial incentives, Research, Development and Deployment (RD&D), Economic Instruments>Fiscal/financial incentives>Grants and subsidies|
|Policy Target:||Framework/ Multi-sectoral Policy|
|Agency:||Sustainable Development Technology Canada|
|Funding:||SD Tech Fund: CAD 590 million; NextGen Biofuels Fund (NGBF): CAD 500 million; TOTAL CAD 1.09 billion|
Sustainable Development Technology Canada (SDTC) is an arm’s-length foundation created by the Government of Canada which has received CAD 1.09 billion as part of the Government’s commitment to create a healthy environment and a high quality of life for all Canadians. SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The CAD 590 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil.
The CAD 500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels. SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate. SDTC applies a stringent due diligence process when selecting technologies to support and requires every applicant to involve a consortium of partners in their project.
As of June 2012, SDTC has completed 19 SDTechFund funding rounds and allocated a total of CAD 560 million to 228 projects. That amount has been leveraged with an additional CAD 1.4 billion in funding from other project partners for a total project value of CAD 1.9 billion.
Last modified: Fri, 01 Feb 2013 19:06:26 CET