March 11, 2016 – Victoria, B.C - Innovation, Science and Economic Development Canada
Member of Parliament John Aldag, today celebrated a $1,626,138 investment in local clean technology in the Victoria area.
John Aldag welcomed this news following a national announcement made in Edmonton by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, of investments totalling over $206 million to support 36 cleantech projects in five provinces across Canada.
The projects are being supported by Government of Canada’s investment in SDTC’s SD Tech Fund and SDTC’s NextGen Biofuels Fund.
SDTC’s mandate is to support Canadian cleantech at a critical point in the innovation spectrum, allowing companies to develop and demonstrate their technologies prior to market entry. The companies behind these projects are using their forward-thinking innovations to drive economic and environmental benefits, to create jobs and help strengthen Canada’s middle class.
“Canadians understand that a strong economy and a clean environment go hand-in-hand. Now is the
time for Canadian companies to capture their share of the emerging global market for clean technology.
From waste management, to biofuels, to greener solutions for the oil and gas industry, the Canadian
companies being supported today are leading the world in intelligent, environmentally responsible and
economically sound solutions across a number of key economic sectors.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
“British Columbians are well known for our strong connection to a clean environment and are leaders
on environmental issues. Today's announcement supports Syscor Controls and Automation's work
toward the advancement of clean technology in Canada, and continues the innovative environmental
work coming out of British Columbia”
- John Aldag, Member of Parliament for Cloverdale-Langley City
- $1,626,138 investment in Syscor Controls & Automation to develop a leak detection sensor cable for pipelines.
- Total value of the project is $4,878,413
- Highly sensitive and easy to install, the technology will enable early and accurate detection of leaks, allowing operators to respond quickly.
- Sustainable Development Technology Canada is an arm’s-length foundation created by the Government of Canada to support projects that develop and demonstrate new technologies to address issues related to climate change, air quality, and clean water and soil.
- SDTC has funded 316 cleantech projects since it was established.
- SDTC invests in Canadian companies that help create quality jobs, drive economic growth, and protect the environment.
- Follow the Minister on Twitter: @MinisterISED
For further information, please contact:
Innovation, Science and Economic Development Canada