Canadians will benefit from new innovations in solar power, cloud computing and biofertilizers as a result of a $7.85-million investment by the Government of Canada in clean technologies that are being developed by companies in Ottawa, Sault Ste. Marie and London.
These innovations will lead to well-paying middle-class jobs and new business opportunities for Canadians. They will also lead to cleaner technologies that result in less air pollution and healthier communities.
The announcement was made today by David Lametti, Parliamentary Secretary to the Minister of Innovation, Science and Economic Development, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
These projects are being funded through Sustainable Development Technology Canada, which works with Canadian companies to bring early-stage clean technologies to market. The funding and projects are:
- $5.5 million for Ranovus Corp. of Ottawa, which is exploring ways to reduce the amount of electricity required for companies to store information in the cloud;
- $1.45 million for Heliene Inc. of Sault Ste. Marie, which has developed technology to make solar power more reliable and affordable; and
- $903,000 for BioLINE Corp. of London, which has found ways to take the biowaste from mushroom farms and convert it into valuable fertilizer.
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.
Source: NewsWire