202019 Jun

Ten cleantech companies receive $41.8 million from federal government

Summary

Ten cleantech companies have received a collective $41.8 million from the federal government through Sustainable Development Technology Canada (SDTC). SDTC helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions. “Cleantech companies like the ones we are investing in today are helping to position Canada as a leader in an expanding market as investors and businesses seek sustainable growth,” said Navdeep Bains, Canada’s minister of innovation, science, and industry. “Investments in clean technology support the work of Canadian innovators to reduce Canada’s environmental footprint and grow economic opportunities.” Click Materials ($4.6 million): Click Materials is developing an electrochromic window solution designed to offer cost reductions and significant energy savings. Pantonium ($2.1 million): Pantonium’s software allows public transit agencies to take buses off fixed routes and guide vehicles on journeys that respond to user demand in real-time.

Source: Betakit

Funding

$1.54M
Amount
Jun 19 2020
Date
-
Investor
CryoLogistics
Company

Classifications

Companies