SD Tech Fund invests $26.8 mln in Ontario clean technology startups

SD Tech Fund, a venture capital fund sponsored by Sustainable Development Technology Canada, has invested $26.8 million in seven Ontario clean technology companies. They are: Grafoid, a sustainable graphene solutions company; OTI Lumionics, an organic light emitting diodes platform; Ranovus, a provider of multi-terabit interconnect solutions; Kelvin Storage, a thermal matrix energy storage company; Polar Sapphire, a producer of high-purity alumina; GaN Systems, a gallium nitride power devices platform; and Ionada, a developer of marine exhaust gas cleaning systems. To date, SD Tech Fund has backed 269 projects with $684 million from the federal government.

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