CICE Invests $2.46M in Women-Led Climate Tech Ventures | CICE
Summary
This funding will support high-impact climate hard tech solutions driving decarbonization in the transportation, construction, and bio-industrial sectors.From 58 applicants, the following five ventures were selected for their potential to deliver scalable climate impact and economic benefit: Agora Energy Technologies Turning CO2 into clean power by combining capture, purification and conversion in a one step process. Gaia Refinery Removing carbon at scale with a plug-and-play system for bio-industries.These women-led ventures are tackling some of the toughest challenges in industrial decarbonizationwhile helping build a stronger climate tech ecosystem.The business case for advancing gender equity in climate tech is compelling. According to the MaRS Discovery District, increasing the number of women-owned SMEs by just 10% could contribute an estimated $198 billion to Canadas GDP. When we bring more voices to the table, we unlock better ideas, build stronger businesses, and find smarter solutions. By investing in practical climate solutionsand the diverse talent behind themCICE is driving economic growth, strengthening our innovation economy, and helping ensure Canada builds competitiveness in a changing world.To date CICE has invested $39.7 million in 65 projects valued at over $264.3 million.