Canadian government invests $26.3 million in four cleantech companies
Summary
Burnaby-based D-Wave Systems, which is developing quantum computing systems that aim to reduce emissions from high-performance computing, will receive $10 million; Vancouver-based Ionomr Innovations, which has developed a membrane system for water treatment and purification, will receive $2.3 million; Vancouver-based MineSense Technologies, which is using sensor technology and data analytics to make the mining process cleaner, will receive $4 million; and Calgary-based MEG Energy Corp., which is developing a way to improve bitumen recovery in oil sands development, will receive $10 million. “Our government’s investments in cleantech reflect our commitment to protecting the planet and growing our economy. SDTC is a government foundation that aims to advance cleantech innovation in Canada by supporting small and medium-sized companies developing clean tech solutions. “These companies are great examples of how Canadian innovations are poised to improve Canada’s economy while protecting the environment,” said Leah Lawrence, president and CEO of SDTC. “SDTC’s investments in D-Wave, MEG Energy, MineSense, and Ionomr will deliver environmental benefits to multiple industries and demonstrate our government’s commitment to helping businesses scale and compete on the global stage.”
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