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Toronto firms benefit from Ottawa's $58 million grant for clean-tech innovations

As reported by the Toronto Star, the federal government recently committed $58 million to the development of clean-technology through the federal government's granting agency Sustainable Development Technology Canada (SDTC).  Brampton's SunOpta BioProcess Inc. (clean fuel developers) and Toronto's Morgan Solar (specializing in making solar power more efficient) are among the businesses benefiting from the grant.

"SDTC has completed 15 funding rounds since it was formed in 2002, putting $464 million into 183 projects and leveraging another $1 billion from the private sector. Vicky Sharpe, chief executive of SDTC, emphasized the importance of funding technologies that achieve both environmental and economic goals.

"Otherwise it won't last," said Sharpe, pointing to a Chinese delegation in the room that is interested in licensing SunOpta's cellulosic-ethanol technology. "I think there's a lot of opportunity to get some early exports in this area."

read full story here
original source Toronto Star
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