Sustainable Development Technology Canada announces fifteenth round of funding

In Canada, Sustainable Development Technology Canada, the largest single funder of clean technology in Canada, has issued a call for Statements of Interests in its fifteenth round of funding. SDTC is a not-for-profit corporation created by the Government of Canada to finance and support the late-stage development and pre-commercial demonstration of clean technologies.

To date, SDTC has allocated $342 million to 144 clean technology projects. An additional $800M million has been leveraged from project consortia members, for a total portfolio value of $1.14 billion. The pre-market validation that SDTC has brought to its portfolio companies has enabled significant follow-on funding from the Venture Capital community and Project Finance players.  For example, 28 of the projects that  SDTC has invested $85M in have gone on to raise over $780M in follow-on funding in the past four years. SDTC is accepting applications until April 22, 2009.

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