Canada’s cleantech startups are facing significant challenges as Sustainable Development Technology Canada (SDTC), their largest funding source, remains in limbo. Despite a motion in Parliament calling for transparency in a probe into the agency’s operations, the Liberal government has withheld documents, and SDTC has yet to reopen applications.
Allegations of mismanagement and conflicts of interest froze funding in October 2023, leaving startups in a funding crisis. Although SDTC’s funding capabilities were restored in June, cleantech ventures continue to struggle, leading to layoffs and stalled projects as venture capital funding remains scarce.
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