This afternoon in Ottawa The Honourable Mary Ng, Minister of Small Business and Export Promotion announced the first 4 recipients of a new grant program developed by Sustainable Development Technology Canada (SDTC) to support Canada’s most promising clean tech companies across Canada.
May 8, 2019 – This afternoon in Ottawa The Honourable Mary Ng, Minister of Small Business and Export Promotion announced the first 4 recipients of a new grant program developed by Sustainable Development Technology Canada (SDTC) to support Canada’s most promising clean tech companies across Canada.
Unique to the pilot funding program is SDTC’s decision to partner with a shortlist of trusted accelerators, including the Accelerator Centre, to help identify and vet the highest potential companies, removing the red tape and reducing the time it takes to get the funding into the hands of startups.
Among the first 4 grant recipients is AC based clean tech company, Brisk Synergies. The traffic management company is developing a technology to reduce traffic accidents and congestion. Their software platform uses artificial intelligence and algorithms to connect and analyze real-time video data to detect dangerous interactions and flow patterns."We are excited to receive the SDTC funding,” says Charles Chung, CEO of Brisk Synergies. “The funding will enable us to accelerate the development and full-scale launch of our software platform in automated traffic conflict analytics. Brisk Synergies provides city planners with actionable insights to improve traffic flow and reduce vehicle collisions which leads to a reduction in congestion, car idling and GHG emissions. Cities will also use our technology to improve their sustainable mobility adoption by making roads safer for pedestrians and cyclists."
“SDTC's pilot project is an incredible opportunity for clean tech entrepreneurs across the country,” says Accelerator Centre CEO, Paul Salvini. “From our experience running specialized programming for clean tech startups, we've seen the difficulty these companies can have in securing funding and are pleased to see the SDTC program provide support to entrepreneurs. It is an honour for the AC to have been selected as an accredited Canadian incubator to participate in this program. It is a testament to the AC’s long-standing reputation for its ability to select the best-of-the-best in innovative companies and support them to grow and scale efficiently.”
“Clean technology is about more than any one sector—when we support clean technology, we support our entire economy, creating good jobs while helping to protect our environment. Through SDTC, our government is helping early-stage entrepreneurs achieve their full potential and ultimately solve some of our biggest environmental challenges.”-- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development“Our government knows that the environment and the economy go hand in hand and Sustainable Development Technology Canada is demonstrating this by partnering with incubators and accelerators across the country to find 30 of Canada’s most promising cleantech entrepreneurs and investing critical early-stage funding in them. These investments will help these cleantech entrepreneurs transform their ideas into globally competitive cleantech solutions. Congratulations to the first four successful recipients of these investments. I look forward to seeing the impact of your innovations in agriculture, energy, power generation and traffic management.”-- The Honourable Mary Ng, Minister of Small Business and Export Promotion
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