Six Ontario businesses will share a sum of $15,5 million given them by the Government of Canada to develop green technologies.
- Electrovaya of Mississauga received $3,8 million to develop safe and long-lasting storage batteries for commercial vehicles;
- Three million dollars were allocated to BionX International Corporation of Aurora to develop a smaller, more powerful lightweight propulsion system to improve its e-bike systems;
- 3E Nano Inc. of Kitchener will receive 2,7 million to create a new, more energy efficient window coating for use in buildings and vehicles;
- GreenMantra Technologies of Brantford will have $2,2 million to develop new ways to convert recycled plastics into new products, resulting in less waste sent to landfills;
- Peak Power of Toronto will be granted 1,9 million dollars to improve the energy storage capacity of batteries with a view to reducing costs for businesses and greenhouse gas emissions;
- Finally, $1,8 million will go to Toronto Vive Crop Protection to create environmentally friendly products and technologies that increase farm efficiency and productivity.
These projects are being funded through Sustainable Development Technology Canada which works with Canadian companies to bring early-stage clean technologies to market.