Sustainable Development Technology Canada (SDTC) has awarded $44.3 million in funding to 11 Canadian cleantech companies, including three from B.C., to help Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions.
Together with the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, SDTC announced $17.2 million in funding to to Terramera, Ecoaction, and Axine Water Technologies.
Vancouver’s Terramera will receive $7.9 million for developing a soil carbon validation tool.
According to Terramera, they will use the funding to produce scalable, accurate, low-cost remote-sensing technology, enabled by their industry-leading Artificial Intelligence and Machine Learning platform to reliably measure the carbon content in soil.
The goal is to provide a standard for consistent soil carbon quantification across Canada, opening a new and stable market for soil carbon credits and allowing farmers to be incentivized for the carbon they sequester.
North Vancouver’s Ecoation will receive $3.1 million for their Farming as a Service (FaaS). Ecoation is a plant and grower-centric platform that merges deep biology, automation, sensing, artificial intelligence, intelligence augmentation, and robotics to change the way we produce and protect our food.
Vancouver’s Axine Water Technologies will receive $6.2 million for the development and demonstration of a second generation, digitized wastewater treatment system.
Axine Water Technologies’ total solution for managing problem organics in wastewater streams. They have combined breakthrough technology with a smart, modular system design and a unique service model to solve your toughest wastewater pain points.
“By supporting and empowering farmers and ranchers across the country, Canada has the opportunity to lead the world in carbon sequestration and turn back the clock on climate change,” said Karn Manhas, Terramera Founder and CEO.
“This funding will enable Terramera to build a reliable standard for soil carbon sequestration and drive down the cost of quantification towards $5 per acre – unlocking rapid market growth, improving farmer revenue, and scaling carbon sequestration like never before. Terramera has a bold vision backed by our technical and business capabilities, and now the Government of Canada through SDTC.”