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Government of Canada Launches $30 Million CleanTech Fund and Accelerator
Tuesday, May 28, 2019
Vancouver, BC, May 28, 2019--(T-Net)--The Government of Canada announced today an investment of up to $30 million for a new initiative called Breakthrough Energy Solutions Canada (BESC) that will foster cutting-edge companies to deliver game-changing clean energy innovations to the market.
BESC is a first-of-its-kind public-private initiative aimed at accelerating the development of clean energy technologies in the electricity, transportation, buildings and manufacturing sectors with the potential for substantial pollution reductions globally.
This funding call will harness the expertise of both Natural Resources Canada (NRCan) and Breakthrough Energy Solutions Canada (BESC) in clean energy technologies — with NRCan conducting and overseeing the funding call and Breakthrough Energy providing valuable insights and exposure to global investors.
Launched under a new stream of NRCan's Energy Innovation Program, in partnership with Breakthrough Energy, BESC builds on the shared objectives of advancing a sustainable and resilient clean energy future.
Minister Sohi made this announcement during the Clean Energy and Mission Innovation Ministerial meetings in Vancouver, where ministers, high-level officials and business leaders from over 25 countries gathered to accelerate progress toward a clean energy future.
Born out of Mission Innovation's partnership with Breakthrough Energy, BESC demonstrates Canada's commitment to accelerating clean energy innovation through model partnerships, supporting Canadian innovators and making clean energy more widely accessible and affordable, according to the government.
The program's call for proposals is now open. Learn more about BESC: www.nrcan.gc.ca/breakthrough
"Collaboration across the public and private sectors is a powerful way to advance the energy innovations and companies needed for a carbon-free future. We are hopeful that this Breakthrough Energy partnership with Canada will be a model for developing more collaborations that will help reach this goal." said Bill Gates , Chairman, Breakthrough Energy Ventures.
Related Information
Energy Innovation Program
For further information: Natural Resources Canada. Media Relations, 343-292-6100, NRCan.media_relations-media_relations.RNCan@canada.ca; Vanessa Adams, Press Secretary, Office of the Minister of Natural Resources, 343-543-7645, Vanessa.Adams@canada.ca
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