NGIF Accelerator, the non-profit arm of enterprise capital agency NGIF Capital, has launched a $3.64 million (CAD 5 million) Cleantech Problem to encourage emissions discount efforts.
The Cleantech Problem is a world funding name for applied sciences that may assist emissions discount efforts throughout the pure gasoline worth chain in Canada. It’s providing as much as CAD 500,000 per venture in non-dilutive grant funding, representing as a lot as 50 p.c of a venture’s eligible bills, Vancouver-based NGIF stated in a information launch.
In line with NGIF, the problem, administered by the Business Grants Program, is targeted on 4 strategic areas: carbon seize utilization and storage (CCUS), methane administration (measurement, quantification, and mitigation), power effectivity and resiliency, and renewable pure gasoline (RNG).
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Additional, NGIF Accelerator’s funding will present every finalist entry to market by its 14 business members, permitting them to obtain precious market insights from potential prospects and have alternatives to reveal their applied sciences at host websites particularly associated to pure gasoline manufacturing, in keeping with the discharge.
NGIF Accelerator is accepting purposes from international small and medium-sized enterprises (SMEs) and start-ups. For SMEs, they should be non-subsidiary, unbiased expertise growth companies that make use of fewer than 500 staff, and targeted on novel applied sciences with options in the important thing strategic areas to assist enhancing the pure gasoline business’s environmental and financial efficiency.
For expertise growth startups, they should be non-subsidiary, unbiased expertise growth companies that make use of fewer than 100 staff, generate lower than $18.19 million (CAD 25 million) in annual revenues, and targeted on growing and scaling up pre-commercial applied sciences.
“We’re excited to launch this Cleantech Problem, making a major funding contribution to the way forward for clear expertise and emissions discount. This initiative displays our unwavering dedication to advancing progressive options throughout the pure gasoline sector, from upstream manufacturing to downstream purposes,” NGIF Accelerator President and CEO John Adams stated. “Our Business Grants program, which focuses on de-risking clear applied sciences by area trials and pilots, is a part of NGIF’s built-in mannequin of business validation, buyer creation, and expertise commercialization”.
“Innovation has at all times been entrance and heart for the pure gasoline business in Canada. Committing $5 million to this competitors is the newest demonstration of this focus and the willpower to maintain the business within the lead on the worldwide innovation agenda for power,” Timothy M. Egan, Canadian Gasoline Affiliation President and CEO and NGIF Capital Company Chair, stated.
RNG Tech Finalist Funding
Earlier, NGIF Accelerator introduced a grant funding contribution of round $257,000 (CAD 353,600) to Anaergia Inc., a finalist within the Cleantech Problem and a supplier of renewable power options.
This grant will assist Anaergia’s venture to transform agricultural waste into pipeline-quality renewable pure gasoline (RNG) utilizing a novel expertise generally known as hyperthermophilic hydrolysis, in keeping with a separate information launch.
Burlington, Canada-based Anaergia makes use of high-temperature hydrolysis in integration with conventional anaerobic digestion to course of natural supplies. This method accelerates the breakdown of agricultural waste, enhancing microbial exercise, and in the end producing high-quality RNG appropriate for pipeline distribution, in keeping with the discharge. The venture helps the agricultural sector by reworking waste right into a precious power useful resource and decreasing emissions, producing high-quality fertilizers and clear water by superior proprietary strategies.
“Anaergia’s expertise presents an thrilling alternative to achieve environmental and financial advantages. Our funding contribution displays our dedication to increasing the potential of renewable power applied sciences,” Adams stated. “Our Business Grants program and its deal with de-risking clear applied sciences by area trials and pilots are a part of NGIF’s built-in mannequin of business validation, buyer creation, and expertise commercialization”.
“Anaergia’s dedication to steady enchancment has resulted in a set of superior options which can be serving to to drive the renewable pure gasoline business ahead. Our cooperation with NGIF Accelerator exemplifies our dedication to innovation, significantly within the transformation of agricultural waste into helpful sources. By making use of cutting-edge processes like hyperthermophilic hydrolysis, we’re offering options that improve the sustainability of the agricultural sector. This collaboration marks a milestone in our mission to speed up the world’s clear power transition by reworking waste into renewable gasoline,” Anaergia CEO Assaf Onn stated.
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