By Reem Aziz
EnerMotion, a Altitude Accelerator client, has been chosen as one of eighteen companies to receive a share of the $40 million in funding from Sustainable Development Technology Canada (SDTC) for its clean technology project.
SDTC is an arm’s-length, non-for-profit corporation created by the Government of Canada that finances and supports the development and demonstration of clean innovative technology solutions. The most recent $40 million award is aimed at helping Canadian companies take their innovative technology solutions to the market.
The SDTC funding will go toward the development of EnerMotion’s Hybrid Auxiliary Power Unit (HAPU) – a system designed to capture waste exhaust heat, solar energy and braking energy from transport trucks to provide heat, cooling, and electrical power to the cab when the truck is moving and stationary, therefore reducing fuel use and lowering emissions.
Jack MacDonnell, founder and CEO of EnerMotion said, “The Altitude Accelerator has provided exceptional advisory support including setting us up with an incredibly valuable marketing research package from their support network. We consider ourselves very fortunate to have this type of professional support available. As a Cleantech company moving into its third year of operation, quality assistance like this is worth its weight in gold, and we all know the value of that these days.”
About Altitude Accelerator
The Research, Innovation and Commercialization Centre (RIC) is a non-profit organization that provides business and technical services to small and medium enterprises (SMEs) to commercialize their innovation. RIC’s is focused in the aerospace, advanced manufacturing and life sciences sectors.
Please visit www.riccentre.com for more information.
Sustainable Development Technology Canada (SDTC) is an arm’s-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government’s commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.
Research, Innovation and Commercialization Centre (Altitude Accelerator)
Phone 905 273 3530
Phone 613-234-6313 ext. 295