Le Lézard
Classified in: Environment, Science and technology, Business
Subjects: ENP, SRI, CFG, ESG

Government of Canada backs emerging leader in silicon chip photonics that produces navigation sensors for self-driving vehicles


Investment supports OSCP, a growing Canadian cleantech company, and will help advance the safety and accuracy of autonomous vehicles and drones

MONTRÉAL, Nov. 30, 2021 /CNW/ - Canada's cleantech entrepreneurs are proving their power to take on today's environmental challenges. Working in partnership with innovative companies, the Government of Canada is supporting the growth of a greener economy.

Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced an investment of $3.2 million in Montréal-based One Silicon Chip Photonics (OSCP) through Sustainable Development Technology Canada (SDTC). This is the second SDTC investment in OSCP, a graduate of SDTC's Seed Fund for early-stage cleantech entrepreneurs who have gained solid ground and are ready to scale up.

OSCP is an emerging pioneer in optical sensor technology and builds inertial navigation sensors for autonomous vehicles. OSCP will use the SDTC investment to develop lighter, lower-cost inertial navigation sensors for the next generation of autonomous vehicles and drones.

This initiative will also involve the design of a novel inertial measurement unit (IMU) that will offer high performance in the precise navigation of any moving object, thereby advancing the safety and accuracy of self-driving vehicles. OSCP aims to further de-risk its IMU technology through a series of design improvements and market validation.

Autonomous vehicles could offer significant environmental benefits through more efficient transportation that reduces energy consumption and contributes to a net-zero carbon economy.

The Government of Canada is committed to investing in clean technology that lays the foundation for a stronger, greener and more sustainable economy that creates opportunities for all Canadians. Today's investment will help grow our economy, protect the environment and ensure safer, more efficient transport.

Quotes

"Now is the time for ambitious climate action. Cleantech innovation, entrepreneurship and commercialization are key to the vital shift to a healthier environment and a net-zero carbon economy. Today's announcement will boost our leadership in climate and waste reduction technologies and help foster a truly Canadian success story."
? The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry

"Canadian entrepreneurs are driving the innovation that is moving us towards a more sustainable and prosperous future. This investment will enable One Silicon Chip Photonics to rapidly accelerate and commercialize its ideas and continues the momentum of public and private commitments to advancing clean technology."
? Leah Lawrence, President and CEO, Sustainable Development Technology Canada 

"Automakers have committed to a greener and more autonomous future, but that vision can't happen without a more affordable and accurate inertial measurement unit. With the assistance of SDTC funding, we will now be able to remove the technology barriers that remain, thus enabling the autonomous future."
? Richard Williston, Director of Operations, One Silicon Chip Photonics

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SOURCE Innovation, Science and Economic Development Canada


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News published on 30 november 2021 at 15:00 and distributed by: