The Government of Canada is dedicated to forging a stronger, greener, and more resilient economy, creating opportunities for all citizens. Central to this vision is Canada’s leadership in the burgeoning low-carbon economy, which will be pivotal in driving a robust economic recovery. To support this, the government is backing Canadian innovators in clean technology, recognizing that their solutions will not only generate well-paying jobs but also play a crucial role in the global fight against climate change.
Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science, and Industry, unveiled investments of $55.1 million in 20 clean technology companies across Canada, facilitated by Sustainable Development Technology Canada (SDTC). This funding is aimed at supporting small and medium-sized companies as they develop innovative solutions to reduce greenhouse gas emissions, mitigate environmental impacts in conventional mining, and foster more sustainable agricultural practices.
These investments align with the government’s recently reinforced climate plan, A Healthy Environment and a Healthy Economy, unveiled by Prime Minister Trudeau on December 11. The plan includes a significant investment of $750 million over five years to re-capitalize SDTC, representing the largest-ever government investment in the organization. This substantial funding will enable SDTC to further bolster Canadian entrepreneurs in their efforts to develop and commercialize clean technologies, ultimately taking Canadian innovations to the global stage. A great deal of research and development work is currently being conducted in energy production, construction, transportation, and the marine and offshore sectors, and others.
Research and development (R&D) support many of the Department’s science-based functions, including its legislative obligations, commitment to be a world class regulator, enforcement activities, weather services and policy development.
Indeed, research topics are oriented towards increasing energy efficiency in the production of all types of energy, improving the insulation performance of building materials, nuclear dismantling, recycling motor vehicle parts, developing models to simulate energy consumption in buildings, producing energy from the forces or resources of the marine and offshore environments, developing batteries for electric vehicles, developing biofuels, etc.
Qualifying R&D Activities:
The Office of Energy Research and Development (OERD) currently leads the efforts in delivering energy research, development and demonstrating (RD&D) funding in Canada, accelerating the efforts in energy innovation and cleantech programming. OERD targets the most impactful technologies to maximize environmental and economic outcomes, with focus on influencing the pace and direction of energy system transformation, and invests in 13 federal departments and agencies, as well as an amount of Canadian small and medium enterprises, utilities, industry, and other firms, all in support of Canada’s energy innovation and climate change goals.
Our specialists in the energy sector, can support you in your work to enhance the value of your R&D and innovation activities by providing their expertise in identifying your eligible activities and expenditures. Through global support, FI Group can give you all the answers and opportunities. For a virtual or in-person meeting to optimize your company journey, contact us.
Experts at your service in all business sectors
