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Classified in: Science and technology, Business
Subjects: EXE, ECO, POL

Diversifying Calgary's economy by bolstering its clean technology sector


Calgary-based organizations receive support to develop and promote clean technology

CALGARY, Dec. 20, 2017 /CNW/ - Technology and the innovation it helps promote are key to the future of Canada's economy. This is why Western Economic Diversification Canada is committed to supporting technologies that will advance the Government of Canada's environmental objectives, create jobs and stimulate growth in the clean tech sector. 

The Honourable Kent Hehr, Minister of Sport and Persons with Disabilities, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada, today announced combined investments of almost $3.5 million towards eight projects that support the development of clean technologies in Alberta. 

The clean technology sector spans across traditional industries like transportation, manufacturing, and power generation and advances sustainable environmental objectives. Alberta's vibrant clean tech sector is comprised of research institutions and firms that are developing ground-breaking technologies and processes. Five of the projects announced today are focused on developing emissions reduction technologies and three are forums that promote Canadian clean technology companies at high-profile events. 

A focus on clean technology, innovation and growth is a core element of the Pan-Canadian Framework on Clean Growth and Climate Change. Through the Framework, Canada will focus on creating and maintaining globally competitive Canadian businesses as we transition to a low-carbon economy.

Canada's Innovation Agenda promotes clean growth, good jobs and higher living standards for the middle class. The investments announced today are an example of this vision in action.

Quick Facts

Quotes

"Our government is proud to support Alberta industry partners in clean technology innovations. Investments in these eight projects will help bring about advances in energy efficiency ? leading to lower carbon emissions and create opportunities for businesses to grow. We will continue to work with partners to invest in clean technologies that will create new jobs, provide environmental benefits and reinforce Canada's globally competitive advantage in clean tech."
-The Honourable Kent Hehr, Minister of Sport and Persons with Disabilities and Member of Parliament for Calgary Centre

"This investment from the Government of Canada will enable our researchers to test ideas, apply solutions, and develop cutting-edge applications at scales that will accelerate deployment and adoption by industry. These projects pave the way for Canadian industry to expand and develop new business opportunities in clean tech, and enhance Canada's position as a global energy leader. The University of Calgary has the capacity needed to tackle the challenge of eliminating reliance on non-renewables, and we have the proximity to energy corporations, decision makers, and technology users to affect real change."
-Ed McCauley, Vice-President (Research),The University of Calgary

"We welcome this investment by the Government of Canada to develop effective and cost efficient technologies and systems to reduce methane emissions. This support enables us to accelerate innovations that are critical to Canada's ability to reduce greenhouse gas emissions while also supporting the ability of our economy to grow and prosper."
-Sandra Odendahl, President and CEO, CMC Research Institutes

"This investment from Western Economic Diversification Canada will allow TECTERRA to expand our GeoSpace, an equipment library open to tech companies for the development, testing, and commercialization of geospatially powered clean-tech. We are grateful for this continued support, as access to cutting-edge equipment has proven to be extremely valuable for the small and innovative companies who otherwise couldn't access the tools they need. As a result of this support, companies across the West will be able to accelerate the development and commercial success of their clean-tech."
-Jonathan Neufeld, CEO, TECTERRA

"CeDER will provide PTAC, the Saskatchewan Research Council, and innovators with a new tool to validate the field performance of air emissions detection, quantification and reduction technologies, leading to increased rapid technology adoption, economic growth and faster GHG emissions reductions."
-Marc Godin, Technology Advisor, Petroleum Technology Alliance Canada

"Through our portfolio of annual technology financing events, CapitalRoad Foundation is committed to improving the opportunities for early and growth stage Canadian technology companies to better access investment financing. WD's strategic investment in support of clean technology will help strengthen the overall innovation ecosystem and ensure that Canada, and the growth stage technology companies that are integral to the country's prosperous future, remain globally competitive."
-Tom Ogaranko, Chairman, CapitalRoad Foundation

"The Alberta Clean Technology Innovation Alliance is committed to positioning the province as a global clean technology leader. This support will allow ACTIA to bring together entrepreneurs, investors, customers and mentors to accelerate the development and deployment of made-in-Alberta clean technology solutions."
-Jason Switzer, Executive Director, Alberta Clean Technology Industry Alliance

"With the support of WD, CGEF has organized Clean Tech Pavilion for two different Oil and Gas industry trade shows, one in 2017 and another to be held in 2018. These venues provide Clean Tech innovators an opportunity to move from their Research & Development phase and showcase their products to Oil & Gas extractive experts. At the CGEF conference in September, 2017, CGEF provided booth space to 7 innovators to demonstrate their products, make presentations and to network with delegates at the conference.  CGEF will host a Clean Tech Pavilion at the upcoming Global Petroleum Show in June 2018. This will increase the exposure of innovative products and processes that are designed to increase efficiency and reduce environmental effects of natural resource extraction, leading to the development and/or commercialization of Clean Tech products and processes that will surpass the current industry standards. Meetings with domestic and international Oil & Gas executives and foreign governments will increase capital investment and market share of Clean Tech products for western Canadian businesses. This, in turn, will lead to increased employment and the retention of highly qualified personnel in western Canada."
-Adele Williamson, Director, Canadian Global Exploration Forum

Backgrounder: Government of Canada Invests in Alberta's Clean Technology Industry

The global economy is moving toward a greener future and Canada is working to keep pace. The global campaign against climate change is an economic opportunity for Canada to create jobs and meet our climate change goals. Developing a strong clean technology industry will help support the adoption of alternative technologies and create well-paying, middle class jobs for Canadians.

The Western Diversification Program (WDP) is the main program through which Western Economic Diversification Canada (WD) makes strategic investments in initiatives with not-for-profit organizations that enhance and strengthen the economy of Western Canada. Contributions are made to projects that support the development and diversification of the western Canadian economy through clean technology and Indigenous economic growth.

Today's announcement is for eight WDP clean technology projects in the Calgary area:

 

Project Proponent

Project Description

Western Diversification Program Funding

CMC Research Institutes Inc.

Support the development of state-of-the-art technology for methane emissions monitoring in water, soil and the atmosphere. This project will improve emission detection accuracy and provide industry with sensitive tools that will aid in better understanding and reacting to methane emissions.

$974,000

TECTERRA Inc.

Invest in new equipment to expand the GeoSpace. The equipment will help companies to develop, test and commercialize clean, geospatial technology.

$915,000

University of Calgary

Establish the Centre for Smart Emissions Sensing Technologies. The project will result in the development of smart technologies to detect and quantify methane emissions in the oil and gas sector.

$400,000

Petroleum Technology Alliance Canada

Build and deploy a mobile facility, called the Centre for the Demonstration of Emissions Reductions (CeDER), which will field test methane emissions reduction technologies.

$393,000

University of Calgary

Create an outdoor validation facility for demonstrating solar bio-technology that will produce renewable gas, renewable plastic, biochar and electricity. The project will result in clean technologies that will help to reduce greenhouse gas emissions.

$314,500

CapitalRoad Foundation

Support hosting the Canadian Financing Forum, PROPEL Energy Tech Forum, and the Banff Venture Forum from 2018 to 2020. These forums provide clean technology companies an opportunity to showcase their products and services and find investors.

$228,000

Alberta Clean Technology Industry Alliance

This investment will support ACTia's industry-focused events in 2017-2019, fostering enhanced access to services and programs, activating international opportunities and promoting Western Canada as a global clean tech destination.

$190,000

Canadian Global Exploration Forum

Support the showcasing of Western Canadian clean technology innovators at the Global Petroleum Show 2017, CGEF's annual conference 2017, and the Global Petroleum Show 2018.

$70,906

Total Funding

$3,485,406

 

Additional Links

Follow us on Twitter: @WD_Canada, @ISED_CA
WD Homepage
WD Toll-Free Number: 1-888-338-WEST (9378)
TTY (telecommunications device for the hearing impaired): 1-877-303-3388

IF THERE IS A DISCREPANCY BETWEEN ANY PRINTED VERSION AND THE ELECTRONIC VERSION OF THIS NEWS RELEASE, THE ELECTRONIC VERSION WILL PREVAIL.

 

SOURCE Western Economic Diversification Canada


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