Ontario's Cleantech Strategy
Ontario's Cleantech Strategy will help Ontario meet its greenhouse gas pollution reduction targets as part of the province's Climate Change Action Plan. Initiatives funded through the province's carbon market, as part of Ontario's Cleantech Strategy, include:
Global Market Acceleration Fund (GMAF):
The Global Market Acceleration Fund will help companies lower the risk associated with expanding production of a proven clean technology. The fund will also assist companies with the cost of scaling-up inventory, distribution and sales to domestic and global markets.
A total of $27 million has been allocated to the GMAF. The fund will provide $2 to $5 million to Ontario-based companies with promising greenhouse gas reduction technologies that have scale-up and export potential. Companies must demonstrate funding commitments for at least 50 per cent of eligible project costs.
Ontario's Cleantech Accelerators:
Ontario's cleantech accelerators will receive $10.6 million in renewed support to drive innovation, research and development. This investment is expected to further reduce greenhouse gas pollution, while also generating the development of new clean technologies and highly-skilled jobs.
Ontario's cleantech accelerators include the Centre for Research and Innovation in the Bio-Economy (CRIBE), Water Technology Acceleration Project (WaterTAP), GreenCentre Canada (GCC), Southern Ontario Water Consortium (SOWC), Bloom Centre for Sustainability (BLOOM), and the Centre for Social Innovation (CSI).
Green Focus on Innovation and Technology (GreenFIT):
Through the GreenFIT program, Ontario will support innovative cleantech companies by providing up to $10 million towards demonstration projects of new technologies and services. As an early adopter of these new technologies, government will support emissions reductions for public sector institutions including hospitals and universities, while providing participating companies with the validation and credibility they need to grow and succeed.