E-Zn, Xanadu, Pyrowave, and SomaDetect are among the 14 Canadian startups receiving a cumulative $46.3 million investment from Sustainable Development Technology Canada (SDTC).
One of the recipients of STDC funding is E-Zn, which recently raised a $3.4 million seed round.
The funds were deployed into companies that the federal government said are innovating to tackle climate change and promote sustainability. SDTC supports projects directly related to climate change, clean air, clean water, and clean soil. The organization was created by the Government of Canada in 2001.
“Canadian cleantech entrepreneurs are tackling problems across Canada and in every sector. I have never been more positive about the future,” said Leah Lawrence, president and CEO STDC. “SDTC remains committed to helping companies accelerate their clean technologies, from seed to scale-up.”
The companies receiving STDC funding are:
RecycleSmart Solutions, which has developed a multi-sensor system aimed to decrease the driving distance of collection trucks, received $1.68 million.
Synauta aims to reduce energy usage in desalination plants and reduce chemical usage by increasing the efficiency of operations. The Calgary-based startup received $1.2 million from STDC.
Anaergia, which received $6 million, looks to turn biosolids into energy and fertilizer. The company said its technology would reduce GHG emissions, health risks, and disposal costs compared to landfilling biosolids.
Fibracast has created membranes that are intended to reduce water, energy, and air pollutants by removing pollutants from wastewater. The company received $2.5 million.
Equispheres‘ powders allow automotive and aerospace manufacturers to reduce the weight of their products and make them more fuel-efficient. Equispheres received $8 million.
Smarter Alloys uses shape memory alloys to turn waste heat into electricity. The company received $4.8 million.
Borealis Wind is developing a hot air ice protection system to retrofit wind turbine blades. The company received $1.4 million.
Axis is developing a retrofit smart window shade automation product for commercial buildings, reducing lighting loads and cooling loads. Axis received $3.5 million.
E-Zn, which announced its seed round last week, received $2 million from the STDC. E-Zn has developed a renewable grid-scale energy storage solution using zinc metal. When announcing its seed round, E-Zn mentioned it had recently completed a project funded by STDC.
Xanadu has created quantum computers that will be able to solve computational problems beyond the reach of today’s computers while consuming much less electricity. Xanadu received $4.4 million.
Pyrowave’s technology breaks down plastics using high heat produced by microwaves and that can be used at recycling facilities and at producers of plastic waste. Pyrowave received $3.3 million.
Fredericton-based SomaDetect received $4 million, for its milk sensor system aimed to allow dairy farmers to meet milk demand with fewer cows.
DMF Medical offers a membrane-based CO₂ absorber for anesthetic breathing circuits that reduces emissions. DMF received $700,000 from STDC.
Global Spatial Technology Solutions is looking to be the first company to provide a global maritime risk and vessel management system using satellite automatic identification system data and machine learning algorithms. GSTS received $3 million.
The more than $46 million in funding for cleantech follows shortly after Minister Navdeep Bains made clear that supporting the commercialization of Canadian cleantech was one of his top priorities in his new mandate.
Also this week, Bains announced a $4.9 million investment to Resolute Forest Products Canada, a Québec-based pulp, paper, tissue, and wood products manufacturer.
The funding will be used to expand Resolute’s Kenogami facility in Saguenay, Québec, to manufacture industrial-scale cellulose filaments, which have properties that allow them to be used as a reinforcing agent in consumer products. Along with a $4.9 million investment, two of Resolute’s innovation projects received $6.7 million from the Government of Québec.
The investment was made through the government’s Investments in Forest Industry Transformation program, which aims to encourage the forest sector to deploy new technologies and develop products for emerging markets.
StartUp HERE Toronto is a publishing partner of Betakit and this article was originally published on their site.