Ecopia Tech, Routific, GHGSat among cleantech startups receiving SDTC funding

Aug 23 15:08 2019 Print This Article

This week, Navdeep Bains, minister of innovation, science, and economic development, highlighted how 18 Canadian companies are using funding from Sustainable Development Technology Canada (SDTC) for cleantech initiatives.

During SDTC’s annual meeting, the government pointed to the impact of its previously-announced $56 million in investments to the 18 cleantechs across Canada.

“Canadians are leading the world’s transition to a low-carbon economy, and clean technology is part of the solution,” said Bains. “Our government is positioning Canadians to seize the opportunities created by cleantech to create good jobs and leave a cleaner planet for our kids.”

Some of the cleantech startups that have received SDTC funding include:

Routific (Vancouver): Received $1.8 million to use artificial intelligence to optimize routes during the last leg of the supply chain. These algorithms are said to be 20 percent more effective than human dispatchers, reducing fuel costs.

Read More

About Article Author

Betakit

BetaKit is a new publication dedicated to providing original, real-time reporting and analysis of emerging technology news and global innovation. Built by the team behind Sprouter.com, BetaKit draws upon an established community of over 80,000 emerging technology founders who are building the next big thing.

Related Items

Stocks to Ride Out the Coronavirus Scare

The following first appeared on Kiplinger’s as 11 Best Stocks to Ride Out the Coronavirus Outbreak It’s never reassuring when you see news footage of quarantined tourists stuck on cruise ship, or when the Homeland Security agent gives your passport an extra hard look for recent visits to China. ...

Morning News: February 26, 2020

World Shares Slump for Fifth Day, Bets Grow on Interest Rate Cuts To Counter Damage ‘Not Just an Italian Problem’: Coronavirus Threatens Europe’s Economy Fed Official Says Coronavirus Economic Fallout ‘Could Spill Over’ Coronavirus Shows the Problem With Trump’s Stock Market Boasting Re ...

Nearly half of privacy compliance technology to rely on AI by 2023

More than 40 per cent of privacy compliance technology will rely on artificial intelligence (AI) by 2023, a five per cent increase from today, according to a new survey from Gartner. And while the 2019 Gartner Security and Risk survey didn’t include Canada, it did shed some light on how organizati ...

BlackBerry, Microsoft and other heavy hitters drop product announcements at RSA Conference

BlackBerry, Microsoft, Proofpoint, McAfee, Palo Alto Networks and Spirion are among the companies making product announcements in San Francisco at the start of the annual RSA Conference. The conference officially kicked off today with keynote speeches. BlackBerry said it has added a new unified end ...

Water Reuse Could Be Key for Future of Hydraulic Fracturing: Study

Water comes from the ground as a by-product of oil production from unconventional reservoirs. During the coming decades, this will theoretically counter the need to use freshwater for hydraulic fracturing operations in many of the United States’ large oil-producing areas. But while other industr ...

Manitoba Issues Statement on Lake Manitoba and Lake St. Martin Outlet Channels Construction

Indigenous and Northern Relations Minister Eileen Clarke and Infrastructure Minister Ron Schuler have issued a statement on the construction of the Lake Manitoba and Lake St. Martin Outlet Channels. “The construction of the Lake Manitoba / Lake St. Martin Outlet Channels is one of our government ...

Uncanny Valley: Being Human in the Age of AI (artificial intelligence) at the de Young museum (San Francisco, US) February 22 – October 25, 2020

So we’re still stuck in 20th century concepts about artificial intelligence (AI), eh? Sean Captain’s February 21, 2020 article (for Fast Company) about the new AI exhibit in San Francisco suggests that artists can help us revise our ideas (Note: Links have been removed), Though we’re well in ...

Net-zero emissions by 2050: one Liberal promise that won't go away

Environment Politics in Canada Seeking re-election in 2019, the Liberal government came out with a surprise campaign promise: Canada would achieve net-zero emissions of GHG gases by 2050. The move was classic Liberal politics. With the government's election campaign faltering, and leader Justin ...

BBB-rated corporate bonds representing larger part of Canadian market

BBB-rated corporate bonds are becoming a bigger part of the Canadian market, according to an analysis by FTSE Russell. In particular, at the end of January ... ...

Ontario Teachers’ Pension Plan signs US$300M investment deal with New Gold

The Ontario Teachers’ Pension Plan has signed a US$300-million deal investment deal with New Gold Inc. Under the agreement, the pension fund will acquire a 46 per ... ...

Dramatic Investor Adjustment Continues

Overview: The warning by the US Center for Disease Control and Prevention that Americans should prepare for an outbreak of Covid-19 sent the S&P 500 tumbling to an 11-week low and the 10-year Treasury yield to a record low near 1.30%. The volatility of the S&P (VIX) jumped to its highest level s ...