SDTC Tech Fund
SDTC runs a number of programs (SD Tech, SD Natural Gas, NextGen BioFuels, & Joint funds with AI-EES & CCEMC). Below we’re highlighting only the SD Tech Fund – but eligibility and application criteria do change for each program, so consult directly with the program & the SDTC website.
Contact Advisor:(613) 234-6313 or email@example.com
Timeline: Funding rounds (for different funds) opened regularly (annual or bi-annual)
- Innovation technology, potential to displace existing tech (you own rights to IP)
- Technology is beyond proof-of-concept (but not yet commercial), ready for real-world demo/piloting
- SME Canadian corporations, for-profit (some options for nonprofit), focus on clean-tech solutions
- Need to form a consortium of at least 2 partners for project (one a market validation partner)
- Focus on reduction of GHG emissions, reduce contaminations in water, soil and air
- Have access to funding at least 2/3 of the Project costs. SDTC allows up to 75% government funding (all levels) in total. In-kind contributions are accepted from project partners.
- Multi-phased application process; includes due diligence (Details here)
- Typically between 1 and 5 years in duration
- Special focus on challenges of climate change, clean air, soil and water:
- Responsible Natural Resource Development
- Carbon Free Power Generation and Distribution
- Remote and Northern Community Utility Systems
- Energy Efficiency of Industry and Communities
- Next Generation Tech with Long-term Benefits to CND
- Ranging from $300,000 to $15 million approximately
- On average 33% of project funding, never more than 50% max, of project costs (Partner in-kind accepted); government funding from all levels can not exceed 75% in total.
- Eligible expenses: Salary labour, Contracted services, field testing, feasibility studies, Licenses/Permits, Supplies and equipment (cost of purchase, rent, fabrication, and install supplies & equipment), reasonable travel, conference expenses, Shipping, Data collection services, capital costs for project (see full list here)
- Ineligible expenses: General Overhead, Cost to decommission a funded project, Costs associated with preparing a business plan, marketing study, licensing IP, fees on lobbying or government relation activities, contingency fees, legal, financial fees and costs.
The Government of Canada is strongly committed to supporting leading innovations that help create clean jobs, launch cutting edge clean-technologies, and promote economic and environmental sustainability within our communities and industries. SDTC funding has supported over 300 projects over the years creating over 8,200 jobs while reducing an estimated 4.5 million tonnes of CO2 GHG emissions per year. The best way to access your potential projects eligibility is to contact SDTC directly and discuss with an advisor your proposed project, working closely to communicate your proposal during the application phases. It is also important to ensure you have ample validation information on the actual or proposed benefits your technology will have directly on key environmental impacts. Quantification of these figures is crucial towards a successful application. Project partners need to be prepared to demonstrate or act as key pilots for the showcase of commercial value of the technology.
FOUR Phases of Application:
- Entrepreneurs make an initial application through a Statement of Interest document. The document is designed to give applicants an early assessment of their project’s compliance with SDTC funding criteria before time is invested into a full application.
- After the project has been screened, applicants are invited to submit a detailed proposal. The Phase two proposal contains a detailed business plan for the proposed technology plus required assessment of its environmental impact. Detailed information regarding the technology, the approach and the team should also be part of the documentation.
- SDTC Investment Committee and Project Review Committee then reviews a shortlist of potential benefactors and sends the final list to the SDTC Board of Directors for review and approval .
- The Board reviews and provides final approval of funding where the funds are distributed in principle subject to successful contract negotiations.
SDTC Application Drafting Reference Guide
SDTC Environmental Benefit Tables 2016