There’s a new opportunity for tech startups that have an environmental focus to tap government money with the Sustainable Development Technology Canada (SDTC) announcing a virtual incubator fund.
The SD Tech Fund Virtual Incubator is seeking pre-commercial technologies that will create significant environmental benefits and build solutions for Canada’s smart grid, distributed energy, and energy storage sectors. Applications can be submitted online until Jan. 11 and entrepreneurs will then have to present in person at a Markham, Ont.-based event Jan. 24.
The program helps companies that are more early-stage build capacity and prepare their business for possible funding from Sustainable Development. Those accepted to the incubator will receive guidance and introductions to partners in the program. They’ll also receive a review ahead of a Statement of Interest to receive funding.
Since the funding process is stringent about avoiding risk, early-stage entrepreneurs previously didn’t have access to SDTC’s consideration. But the new incubator project changes that and starts a dialogue earlier on in a company’s development.