Province of Ontario and Canadian federal government programs — clean technology

The financial assistance and tax incentive programs for clean technology and alternative energy companies in Ontario come from a wide variety of provincial and federal institutions. A selection of incentive programs for qualifying innovative clean technology companies follow:

Sustainable Development Technology Canada (SDTC)'s SD Tech Fund: A $590 million fund that supports late-stage and pre-commercial demonstration of clean technology solutions. More information here. This fund is accepting Statements of Interest usually in the Fall and Spring.

ArcTern Ventures formerly MaRS Cleantech Fund: A privately-backed $30 million fund that provides early- and ongoing- funding to companies developing next-generation cleantech breakthroughs with deep IP, global markets and a capital-lean business model.

SDTC NextGen Biofuels Fund: A fund of $500 million created to support eligible companies establish first-of-a-kind commercial scale facilities for next-generation renewable fuels and co-products. Disburses until March 2017.

SDTC Natural Gas Fund: The result of a partnership between SDTC and the Canadian Gas Association (CGA), through its venture “Energy Technology Innovation Canada” (ETIC). The fun will see $15 million provided by the CGA and matched by SDTC, creating a fund valued at $30 million over 3 years (2014-2017). This fund accepts applications twice a year.

WaterTAP: Exists to champion and support Ontario’s status as a world water technology hub. The organization brings private sector experience to the challenge of helping water technology entrepreneurs, utilities and investors make the connections and find the resources they need to keep Ontario’s water sector prospering.

Ontario Research Fund: $190 million over the next six years (2014-2020) to help attract the world's best scientists, develop innovative ideas and technologies, and strengthen global R&D capacity. The funding will be divided between the Ontario Research Fund's (ORF) Research Excellence ($65 million) and Research Infrastructure ($125 million) programs.

Ontario Emerging Technologies Fund (OETF): A $250 million fund that will commit a maximum of $50-million per year for five years that co-invests — with qualified venture capital funds and other private investors — directly into clean technology companies and others working within the focus areas defined by Ontario’s Innovation Agenda.

Ontario Business Research Institute Tax Credit (OBRITC): A refundable 20% tax credit offered to corporations for scientific research and experimental development expenditures (SR&ED) incurred in Ontario under an eligible contract with an eligible research institute (ERI).

Ontario Research and Development Tax Credit (ORDTC): A non-refundable 4.5% tax credit based on eligible SR&ED expenses carried out in Ontario.

Ontario Innovation Tax Credit: A refundable tax credit available, calculated as 10% of qualifying expenses, to all eligible corporations that perform SR&ED in Ontario.

Ontario Power Authority Conservation Fund: This fund supports projects to develop or pilot innovative conservation programs, practices and technologies and pays 50% or more of qualifying expenses, of accepted projects.

Feed-inTariff Program: North America's first comprehensive guaranteed pricing structure for renewable electricity production. It offers stable prices under long-term contracts for energy generated from renewable sources, including: biomass and biogas.

Investing in Business Innovation (IBI): A FedDev Ontario program that encourages the development of partnerships between entrepreneurs and investors to support early-stage, globally-oriented businesses with the ability to become world-leading innovators. Businesses are eligible for a repayable contribution to a maximum of $1 million per project for up to one-third of eligible costs.

Investing in Business Growth and Productivity (IBGP): A FedDev Ontario program. SMEs are eligible to apply for repayable contributions of up to $20 million per project for up to 25% of eligible costs. Funding is allocated under two streams to support projects that assist businesses to diversify markets and expand facilities, increase adoption of new technologies, and increase capacity to participate in global markets.

More information and more funds and tax incentive programs from Ontario's Ministry of Research and Innovation can be found here. Invest in Ontario also offers funding and incentive programs and services (but please note that a few of these are unavailable and some have been updated. Send an email with specific questions to Invest in Ontario.)

The Federal Government's Concierge service is also a helpful resource for funding and resource assistance and can be found here.