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ARTICLE · 16 MARCH 2016

New Funding Programs Are Putting The "Green" Into Green Technology

Ontario Cleantech companies are receiving some key ingredients from various programs to help them grow their technology and compete on the world stage.

CanadaIntellectual Property

Ontario Cleantech companies are receiving some key ingredients from various programs to help them grow their technology and compete on the world stage.

The Government of Ontario recently announced1 that they are partnering with OCE and investing $99 million into climate change projects for increasing energy efficiency and reducing greenhouse gas emissions. About $75 million will be used to incentivize large industrial plants to use leading-edge technologies and to support entrepreneurs to develop such technologies. The other $24 million is part of a Green Smart energy efficiency program to help SMEs become more energy efficient.

Sustainable Technology Development Canada (STDC) also announced2 support for Cleantech companies with their SD Tech fund and SD Natural Gas Fund that are now open for receiving applications until April 13, 2016. Cleantech companies will be considered that are focused in several technology areas including natural resource development,

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