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BDC to invest $40-million in four leading Canadian cleantech scale-ups

BDC to invest $40-million in four leading Canadian cleantech scale-ups

Date: Apr 25, 2018 by GREENMANTRA

Bank announces first of $700-million in financing to high-potential cleantech innovators

MONTREALApril 23, 2018 /CNW Telbec/ – The Business Development Bank of Canada (BDC) has concluded financing agreements totaling $40-million with four high-potential cleantech companies, enabling them to accelerate their growth and further consolidate their footprint as innovators in their respective markets.

These investments are the first of BDC’s $700-million, five-year commitment to the cleantech industry announced earlier this year further to Budget 2017, and building on the Bank’s long history of investing in the cleantech space. This new capital will allow BDC to take on more risk in order to help growth-oriented, high-potential Canadian cleantech companies overcome financing obstacles and other barriers to scale, and better compete globally.

The four firms being financed include:

  • Ensyn Technologies – Ottawa, Ontario
  • GreenMantra™ Technologies – Brantford, Ontario
  • GHGSat – Montreal, Quebec
  • Enlighten Innovations (formerly Field Upgrading) – Calgary, Alberta

Read the full release here

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