Federal Government Offering $50 Million in Cleantech Funding

The federal government has invited Canadian VC firms to apply for $50 million in cleantech funding support. This is the third stream of the Clean Technology Stream, a division of Venture Capital Catalyst Initiative (VCCI), the government’s fund-of-funds investment matching[1] program. Beginning in 2017, Streams 1 and 2 committed $400 million to support Canadians VC fund managers and emerging managers.

A strong clean technology market will help Canadian firms improve efficiency and lower carbon pollution footprints. The Minister of Environment and Climate Change, Catherine McKenna, stated “by supporting investors in clean technology today, we’re taking advantage of this once-in-a-generation economic opportunity and investing in the emission-reducing technologies that will ensure our children and grandchildren inherit a healthy environment and strong economy.”