Funding available for cleantech and biofuels
By Pulp & Paper Canada
If you have an innovative clean technology, Sustainable Development Technology Canada (SDTC) wants to hear from you. The federal funding agency is accepting applications and statements of interest for two funds that it administers, both of...
By Pulp & Paper Canada
If you have an innovative clean technology, Sustainable Development Technology Canada (SDTC) wants to hear from you. The federal funding agency is accepting applications and statements of interest for two funds that it administers, both of which are aimed at the development and demonstration of innovative technological solutions. The $590-million SD Tech FundTM supports projects that address climate change, air quality, clean water, and clean soil. The $500-million NextGen Biofuels FundTM supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels and co-products.
“By helping to create biorefineries, the NextGen Biofuels Fund also aims to add value to renewable fuel production while diversifying the economy in rural and agricultural areas and supporting market and technology transitions in the forestry sector,” said SDTC president and CEO Vicky Sharpe. “This will be crucial in helping Canada to transition to a bio-based, sustainable economy.”
The NextGen Biofuels Fund supports up to 40% of eligible project costs. The contribution is repayable based on free cash flow over a period of 10 years after project completion.
While applications for the NextGen Biofuels Fund are open year-round, the 20th round of funding for the SD Tech Fund is only open until October 19.
“Canadian entrepreneurs and technology developers with new technologies and a compelling business case are encouraged to submit Statements of Interest to the SD Tech Fund,” said Sharpe.
Current priority areas for SDTC are:
Natural Resources: Mitigate environmental impacts associated with Canada’s natural resource sector including “green mining”, cleaner fossil fuels and forestry
Clean Energy: Enable cleaner energy production and improved energy efficiency of transportation, the built environment, and industrial processes
Soil and Water: Improve the efficiency of the largest water users and address the most sensitive points of water and soil contamination
Agriculture: Increase yield and improve temperature and drought resistance of agricultural crops and mitigate land-use changes and biodiversity loss
Northern and Remote Communities: Innovative solutions for self-sufficiency in smaller communities
Detailed information on the application process for both funds is available at www.sdtc.ca.