News Summary

The Government of Canada is investing $5.8 million in three tech companies in British Columbia to enhance Canada’s carbon management technology. This funding is part of Natural Resources Canada’s (NRCan) Energy Innovation Program and supports the country’s ambitions of becoming a clean energy superpower. The selected companies include Vancouver-based Agora Energy Technologies, Burnaby biotech startup Anodyne Chemistries, and Burnaby cleantech scaleup Svante. Agora will develop carbon dioxide capture and utilization processes, Anodyne will scale up processes for making chemical commodities, and Svante will enhance its contaminants testing capabilities. This investment highlights BC’s growing reputation as a cleantech hub.