August 8, 2017
Ontarians will benefit from new jobs created by innovations that power electric vehicles and reduce plastics in the environment, thanks to a $15.5-million investment by the Government of Canada.
This investment in six Toronto-area companies will create well-paying middle-class jobs as a result of the new business opportunities generated by the development of technologies that lead to less pollution and healthier communities.
The announcement was made today by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
The investments include:
These projects are being funded through Sustainable Development Technology Canada, which works with Canadian companies to bring early-stage clean technologies to market.
Investments in clean technology are part of the Government’s Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.
Our government’s investments in clean technology reflect our commitment to protecting the planet. But they also point to a clear and strategic direction for economic development through innovation. That’s because innovations in clean tech will lead to products and services that have an impact on all sectors of the economy. And clean tech has the potential to create thousands of well-paying jobs for Canadians. That’s how innovation leads to a better Canada.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
“From transportation to waste management, these companies demonstrate the strength and range of Ontario clean tech. Sustainable Development Technology Canada is proud to partner with these entrepreneurs to get their new technologies to the marketplace and deliver real environmental and economic benefits to all Canadians.”
– Leah Lawrence, President and CEO, Sustainable Development Technology Canada
“We are thrilled that SDTC will provide a portion of the capital necessary for this important project. This pilot plant will enable us to scale up our patent-pending process for sustainably reusing of one of the world’s least recycled plastics.”
– Kousay Said, President and CEO, GreenMantra Technologies