On October 2nd, CleanTech North resumed its meeting schedule with Clear The Air: Support for Emissions Reduction Innovations. Hosted with flair by the City of Toronto at the world-famous Toronto City Hall (Committee Room 3), we first featured a presentation by Heather Ward of Tandem Technical (http://www NULL.tandemtechnical NULL.com/), an early-stage carbon-reduction technology firm, then a small panel on support available for companies like Tandem. That panel included Tim Stoate, Vice-President (http://taf NULL.ca/tim-stoate/) of Impact Investing (http://taf NULL.ca/impact-investing/) for The Atmospheric Fund (http://taf NULL.ca/), and Ivette Vera-Perez (https://blog NULL.oce-ontario NULL.org/businessmakers-ivette-vera-perez-4a60284839ea), TargetGHG Manager (http://oce-ontario NULL.org/target-ghg) at Ontario Centres of Excellence (http://oce-ontario NULL.org/).
The Atmospheric Fund is currently updating its approach, but focuses on project finance and some private equity, as well as grants to NPOs in its catchment area (the GTHA (https://en NULL.wikipedia NULL.org/wiki/Greater_Toronto_and_Hamilton_Area)) rather than equity finance. However, TAF has long taken the position that various strategies can mitigate the emissions causing our climate to change. Rather than focus solely on the urban built environment, TAF has for example invested in the Investeco Sustainable Food Fund (http://investeco NULL.com/our-funds/). This substantiates CleanTech North’s position that cleantech is much more than a diverse collection of industrial sub-sectors. Increasingly, we are as one in our collective synergy and ability to achieve common environmental objectives.
TargetGHG, part of the Ontario Green Investment Fund (https://www NULL.ontario NULL.ca/page/green-investment-fund), aims to “help Ontario meet its greenhouse gas emission reduction targets by encouraging large industrial plants to adopt leading-edge technology and supporting Ontario’s entrepreneurs in developing creative new solutions.” It comprises an Industrial Demonstration Program (http://www NULL.oce-ontario NULL.org/programs/strategic-initiatives/TargetGHG/targetghg-industrial-demonstration-program), Collaborative R&D Program (http://www NULL.oce-ontario NULL.org/programs/strategic-initiatives/TargetGHG/targetghg-collaborative-r-d-program) (industry-academic), Collaborative Technology Development Program (http://www NULL.oce-ontario NULL.org/programs/strategic-initiatives/TargetGHG/targetghg-collaborative-technology-development-program) (for SMEs), (Ontarian contestants for) the NRG COSIA Carbon XPRIZE (http://www NULL.oce-ontario NULL.org/programs/strategic-initiatives/TargetGHG/oce-carbon-xprize-partnership), and Ontario’s Solutions 2030 Challenge (http://www NULL.solutions2030 NULL.ca).
To conclude, this CTN meeting was once again oversubscribed, and we look forward to our next event December 4th in more spacious quarters at Metro Hall – stay tuned!