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Government of Canada invests in world-leading clean technology innovationsMinister Bains announces $26.3-million investment in clean technology with the potential to transform industries OTTAWA, May 30, 2018 /CNW/ - To benefit Canadians, our economy and the environment, the Government of Canada is contributing to the development of technologies that lead to less pollution, healthier communities and the creation of well-paying middle-class jobs. Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a federal investment of $26.3 million in four companies. The Minister made the announcement at Sustainable Development Technology Canada's (SDTC) Cleantech Leadership Summit. This third annual summit brought together 150 clean tech CEOs and thought-leaders from across Canada to discuss opportunities for Canadian clean technology producers to compete and win in the global economy. The four companies receiving funding today join the more than 300 others that SDTC has invested in since 2001. The investment announced today by Minister Bains includes:
Investments in clean tech 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. Quotes "Our government's investments in clean tech reflect our commitment to protecting the planet and growing our economy. They also point to a clear direction for economic development through innovation. That's because innovations in clean tech have the potential to create thousands of well-paying middle-class jobs for Canadians. That's how innovation leads to a better Canada." "These companies are great examples of how Canadian innovations are poised to improve Canada's economy while protecting the environment. SDTC's investments in D-Wave, MEG Energy, MineSense and Ionomr will deliver environmental benefits to multiple industries and demonstrate our government's commitment to helping businesses scale and compete on the global stage." Quick facts
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