A clean environment and a strong economy go and in hand. When it comes to clean technology, Canada has the opportunity to be a true global leader – creating good, well-paying jobs for Canadians while helping to meet our climate change goals.
Small and medium enterprises are the engines of Canada’s economy. Focusing on clean technology provides SMEs with opportunities to lower costs, enhance efficiencies, increase output and gain new markets, all of which improve competitiveness.
The Atlantic Canada Opportunities Agency (ACOA), with its suite of programs, is equipped to support clean technology research, development, demonstration and adoption of clean technology in Atlantic Canada.
To lean more about how ACOA can help you, contact your regional ACOA office.
Q1. What is clean growth and clean technology?
A1. Clean growth refers to growing the economy in a sustainable way. Clean technology provides the tools to achieve clean growth such as products, processes or services that improve on environmental performance.
Q2. What are the benefits of clean tech for businesses or entrepreneurs?
A2. Supporting clean technology makes good business sense. There is an increasing global demand for environmentally sustainable businesses and practices and supporting clean tech may expand markets and provide an advantage for your business. Also, adapting or adopting clean tech processes as part of their operations could lead to lower costs, enhanced efficiency and increased outputs, all of which is good for the bottom line.
Q3. How can a business, community or non-profit organization apply for funding for clean tech projects?
A3. Businesses, communities or non-profit organizations that have a clean technology idea should contact the ACOA office nearest them. An Agency representative will discuss their project with them and guide them through the application process.
Q4. What types of projects will ACOA consider assisting?
A4. ACOA will consider assisting various types of projects, including those proposed by:
- businesses in the clean technology sector that wish to start up or expand through the development or upgrade of newer, cleaner technologies;
- businesses in the clean tech sector looking for growth through the export of products or services;
- organizations from other sectors looking to develop, adapt or adopt products, services or processes that promote clean growth;
- organizations that wish to implement more clean processes; and
- communities and non-profit organizations looking to become more eco-friendly through the adoption or adaptation of clean technologies in their facilities.
To be eligible, projects need to demonstrate improved environmental performance relative to standard or commonplace technologies.
Q5. What do you mean by implementing more clean processes?
A5. A company, community or non-profit organization that wishes to implement more clean processes may develop, adapt or adopt clean technologies that will make their operations cleaner and more eco-friendly. Examples include:
- reducing greenhouse gas emissions by switching to renewable or alternative energy resources;
- becoming more energy efficient;
- diverting items from the waste stream;
- reducing their economic and environmental impact on land, water or air;
- implementing green construction methods; and
- adopting greener systems.
Q6. Does that mean ACOA will be providing funding to companies looking to install more efficient heating systems or insulation in their buildings?
A6. Projects must always meet ACOA funding criteria. Clean technology projects will be expected to adopt or adapt clean technology, and must demonstrate improved environmental performance relative to standard or commonplace technologies.
Q7. How will clean technology projects be cost shared?
A7. The level of funding will vary based on the program being used and specifics of the project.
Q8. I am an entrepreneur and I have a great project that did not get financed. I am frustrated because it may have gotten financed if not for this priority on clean technology. What can you do for me?
A8. Any project that ACOA considers for investment must meet certain criteria and what is determined as the best course of action for the continued growth of the Atlantic Canadian economy.
If a project does not meet current ACOA guidelines for funding, we encourage to you refer to the business grants and financing page on the Government of Canada’s website for alternative funding options that may be a better fit.