Investissement Québec (IQ) to invest up to $375M over 2021–2024 for cleantech innovation projects, with money drawn from IQ and Québec government, additional capital from financial institutions, investment funds and private partners.Continue Reading
5AM Ventures, Telegraph Hill Partners backed Precision Nanosystems, Inc. obtained up to $18.2M in support from Innovation, Science and Economic Development’s (ISED) Strategic Innovation Fund (SIF) to develop a COVID-19 vaccine Continue Reading
Westport Fuel Systems Inc. (TSX/NASDAQ: WPRT) closed new US $10 million term credit facility from Export Development Canada (EDC)Continue Reading
BDC Cleantech Practice provided $5 million secured loan financing to CubicFarm Systems Corp. (TSX-V: CUB)Continue Reading
BDC Capital Growth and Transition Capital provided $2M working capital loan to BioConnect to retain highly technical staff during COVID-19. Kyle Feucht, Director of Growth & Transition Capital, led the financingContinue Reading
Imtex Membranes raised $20M in funding, $10M+ equity from SABIC Ventures (lead) and Valent Low-Carbon Technologies, $6M+ from SDTC and $3M from Emissions Reduction Alberta Continue Reading
Farm Credit Canada (FCC)/Government of Canada launched $100M Agriculture and Food Business Solutions Fund in partnership with Forage Capital Inc.Continue Reading
DCVC Bio backed AbCellera Biologics to receive up to $175.6M ISED SIF funding for the discovery of antibodies for use in drugs to treat COVID-19 – no mention of any impact to Eli Lilly agreement. Continue Reading
Clear Blue Technologies International Inc. (TSX-V: CBLU) secured $5M loan from BDC Cleantech Practice with $2M received at closing Continue Reading
Zetane Systems secured $500,000 in loan financing from the Business Development Bank of Canada (BDC) and the PME MTL–West Island. Continue Reading
MSBi Valorisation and RSJ Private Equity backed Laurent Pharmaceuticals raised $2.7M from Quebec Government’s BioMed Propulsion programContinue Reading
Weever Apps secured $1.5 million funding, $500K each from FedDev Ontario, MaRS Investment Accelerator Fund (IAF), and GreenSky Capital Inc. Continue Reading
Ecolomondo Corporation (TSX-V: ECM)’s Ecolomondo Environmental (Hawkesbury) Inc. subsidiary secured $32.1M project financing from EDCContinue Reading
CDPQ backed 5N Plus (TSX: VNP) secured US $25M unsecured subordinated term loan financing from Investissement Québec (IQ), to be disbursed in two tranches.Continue Reading
P&P Optica (PPO) secured $1M Cleantech Co-Investment Program (CCIP) funding from EDC, part of iiM (Innovation in Motion)’s investment in the company.Continue Reading
Liberal government allocates an additional $50M (VCCI Stream 3) for cleantech investment, on top of previously allocated $750M cleantech initiative. Continue Reading
Lockheed Martin (NYSE: LMT) provided US $4 million to Forge Hydrocarbons Corporation under the Industrial and Technological Benefits (ITB) Policy.Continue Reading
