B.C. cleantech accelerator partners with BDC
Summary
VANCOUVER—Foresight Clean Technology Accelerator has partnered with BDC Capital, a division of the Business Development Bank of Canada, to support Canadian startup cleantech companies. To qualify, a company requires an equal co-investment from angel and/or institutional investors for a minimum total financing of $500,000. The first recipient, Dark Vision, has developed a downhole imaging technology that improves visualization through wellbore fluids—including bitumen, drilling mud and frack fluids—thus increasing production and reducing total cost of energy. Through a net positive energy process, these units reduce waste and the impact of incineration while expanding the range of recyclable materials. “Our first award recipients have not only met BDC and Foresight’s strict investment criteria, but they have identified promising clean energy technologies that have commercial potential and can offer a positive impact to their respective industries and Canada’s environment,” said Neil Huff, Managing Director of the Foresight Cleantech Accelerator Centre.
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