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Foresight Canada Announces Canada's 50 Most Investible Cleantech Ventures (19 From BC)
Tuesday, November 14, 2023Company Profile | Follow Company
Burnaby, BC, November 14, 2023--(T-Net)-- Foresight Canada, a cleantech ecosystem accelerator, has announced Canada's 50 most investible cleantech ventures.
The Foresight 50 features inspiring cleantech ventures across a range of industries and sectors that provide solutions to some of society's most pressing issues including green housing, emissions reduction, and food security.
19 BC cleantech companies were included in the 2023 Foresight 50:
See the full list of all 50 Canadian cleantech companies recgnized here.
According to the Climate Change Performance Index, Canada is currently in last place among G7 nations in its climate change performance and commitment - highlighting the urgent need to accelerate our pace to position Canada as a force of nature on the path to net zero. Cleantech is the key to fighting climate change.
Through this program, Foresight helps facilitate critical investment needs in Canadian cleantech. According to EDC's latest annual cleantech report, Canada saw a record $1.2B invested in cleantech last year, the highest investment since 2018. The report also states that early stage funding is critical to the success of the country's cleantech sector.
Foresight catalyzes made-in-Canada solutions by directly connecting innovators with climate-focused investors, customers, and partners to reach new heights — to date, 2021 and 2022 Foresight 50 ventures have raised over $1.67B and counting, according to the organization.
Jeanette Jackson, CEO, Foresight
Jeanette Jackson, Foresight CEO says, "Canada possesses the innovation, commercialization, and business talent to lead the world to net zero. If we are going to harness the power of our homegrown climate innovations to their full potential, we need to attract the capital required to support ventures through their scale up and growth journeys. The Foresight 50 is one initiative that helps do just that."
Foresight 50's panel of judges, composed of leading cleantech investors, selected 50 ventures based on their investibility, potential economic and job growth impact, leadership team, environmental impact, and probability of success. The 2023 list includes founders and leaders from diverse backgrounds and companies spanning the spectrum of early stage capital raises - from Seed to Series A, B, and beyond.
The Foresight 50 Showcase took place in Calgary this year for the first time. The public celebration last week on November 8th featured 1-minute pitches from the honouree ventures, and invited investors to meet one-on-one with honourees to explore deal opportunities in an investor matchmaking forum on November 9th.
About Foresight Canada
Foresight is Canada's cleantech accelerator. Our audacious goal is that Canada be the first G7 country to reach net zero by accelerating cleantech innovation and driving the adoption of climate solutions. Since inception, we've supported 1,000+ ventures and collaborated with 2,000+ stakeholders, rightsholders, and partners through domestic and international engagement.
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