SDTC Seed Fund: Nyoka Granted $100K Towards Commercialization

WE ARE PROUD TO HAVE BEEN SELECTED FOR THE 2022 SUSTAINABLE DEVELOPMENT TECHNOLOGY CANADA (SDTC) SEED FUND GRANTS, WHICH SUPPORT NYOKA WITH $100K TOWARDS COMMERCIALIZATION OF OUR CLEAN TECHNOLOGY DEVELOPMENT.

PRESS RELEASE HERE

“Canadian entrepreneurs are the driving force of innovation in our country, turning ideas into opportunities and leading us toward a more sustainable and prosperous future. With the support of SDTC’s Seed Fund program, we are standing side-by-side these innovative start-ups as they advance our position as a global leader in clean technology and ensure our success on the path to a net-zero carbon economy.”

— THE HONOURABLE FRANÇOIS-PHILIPPE CHAMPAGNE, MINISTER OF INNOVATION, SCIENCE, AND INDUSTRY

April 25, 2022 – Ottawa, Ontario

Sustainable Development Technology Canada today announced seed funding of $2.6 million for 26 promising new companies across Canada. These companies are developing new technologies that will fight climate change, contribute to the circular economy and promote the well-being of people within their communities with the natural environment.

SDTC’s latest round of seed funding recipients were nominated by over 20 accelerators across Canada. This new cohort of SDTC-supported companies showcases the breadth of sustainable innovation happening across the country, as well as the growth of women-led firms which comprise 54% of the funded companies.

The high-potential firms receiving funds today are developing technologies that span a variety of sectors, from designing smart batteries, AI-Powered automated traffic monitoring, to offering sustainable products for menstruation.

SDTC Seed funding supports promising early-stage Canadian sustainable tech entrepreneurs by providing grants of $50,000 to $100,000 to innovative technology projects with the potential to generate economic and environmental benefits to Canada. Applicants for seed funding are nominated by SDTC’s partnership of Canadian accelerators, incubators and entrepreneurial service organizations. To learn more, click here.