The federally backed Sustainable Development Technology Canada foundation is expanding its cleantech Seed Fund by distributing grants to 21 new companies, including five with ties to Atlantic Canada.
The Seed Fund is now in its second year and has given grants of between $50,000 and $100,000 to 75 companies, with 52 startup accelerators acting as funding distribution partners.
STDC is funded by the federal government, but operates at “arm's-length,” similar to organizations such as Innovacorp with the Nova Scotia government.
In an emailed statement, the foundation said exact funding