SD Tech Fund invests up to $10 mln in five cleantech companies
SD Tech Fund, a venture capital fund sponsored by Sustainable Development Technology Canada, recently invested almost $10 million to commercialize the clean technologies of five Ontario companies. They are: Waterloo's Ubiquity Solar, which will receive more than $3 million for its solar power technology; GreenMantra Technologies of Brantford, which will receive $2 million for plastics recycling; Toronto-based EKS, which will receive more than $2 million for tailing ponds remediation; Toronto's Morgan Solar, which will receive more than $2 million for solar panel technology; and Oshawa-based Cleeve Technology, which will receive $710,000 for de-coating technology for aircraft maintenance. SD Tech Fund has backed 269 companies and projects using $684 million allocated by the federal government.
