BDC Launches $150 Million Sustainability Tech Venture Fund
Montreal,听April 18, 2023听鈥 BDC today announces the creation of its new听$150-million听听dedicated to investing in businesses developing technologies that will support Canada and the world to meet sustainability and climate targets.
The Fund is a key component of BDC鈥檚 commitment to sustainability and part of its contribution to help advance听Canada鈥檚 2050听net-zero听ambition. It will invest in technologies in line with four key United Nations Sustainable Development Goals (SDGs) leveraging Canada鈥檚 strengths and areas of opportunity: sustainable communities and cities, responsible production and consumption, climate action as well as clean and affordable energy.
鈥淚nnovation is imperative to speed the transition to net-zero, as much as it can spur the growth of our economy. With the new fund, we have an immense opportunity to ensure that Canadian start-ups have access to the capital they need to compete and drive meaningful impact to Canada鈥檚 journey to reach net-zero and meet its sustainability targets.鈥 ~ Isabelle Hudon, President and CEO of BDC
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