Sustainable Development Technology Canada (SDTC) recently announced funding of fourteen cleantech and environmental projects across Canada. The total amount of funding granted to the 14 start-up companies from SDTC is $46.3 million. The funds, which must be matched by private investment, will be used for commercial development by each company.
One of the companies receiving funding is RecycleSmart Solutions based in British Columbia. The company is receiving $1.68 million from SDTC for a project to decrease the driving distance of garbage collection trucks and the amount of garbage destined for landfill sites.
RecycleSmart manufactures and installs smart sensors in waste bins, providing details about bin contents and contamination. This information helps reduce unnecessary waste collection and allows waste management companies to reduce the amount of trash destined for the landfill.
Leah Lawrence, President and CEO, Sustainable Development Technology Canada, stated at a news conference to announce the funding, “Canadian cleantech entrepreneurs are tackling problems across Canada and in every sector. I have never been more positive about the future. SDTC remains committed to helping companies accelerate their clean technologies, from seed to scale-up.”
Jaclyn McPhadden, RecycleSmart, Chief Administrative Officer stated, “The support from SDTC is an incredible opportunity to accelerate the growth of RecycleSmart by fuelling our sensor technology development program. We are honoured to receive this investment, which will increase the rate at which RecycleSmart can move from R&D to commercialization in the next two years.”
About RecycleSmart Solutions
RecycleSmart Solutions develops, and then implements, waste management programs for organizations that achieve financial, environment, and operational goals. The company uses a holistic approach that delivers guaranteed results.
RecycleSmart Solutions has a team of waste and data scientists, engineers, and program designers that develops and implements a waste management program that results in a 10% Cost Savings (minimum) commitment to a client organization.
The company then utilizes its Waste Wizard App that provides an organization with information on collection schedule, invoice details, and other information.
In one case, First Capital Realty, a developer and manager of retail-focused properties, engaged RecycleSmart Solutions to assist in the management of its waste and recycling programs in Edmonton. RecycleSmart Solutions did the following:
- Installed sensors on all waste and recycling containers;
- Monitored fill levels of containers on a monthly basis and reduced services when possible;
- Managed their waste and recycling services;
- Reduced costs by negotiating new rates with the waste haulers’ and
- Handled issues with missed pickups/overflowing bins including site cleanups
The result of the technology and management solution resulted in 24 percent savings in operational costs for First Capital Realty at its Edmonton location.
About SDTC and the Canada Cleantech Market
Canada is number one in the G20 for clean technology innovation. In January 2019, 12 Canadian companies were recognized on the 2019 Global Cleantech 100 list. Currently, clean technology employs more than 180,000 Canadians.
The clean technology market is set to exceed $2.5 trillion by 2022.
Sustainable Development Technology Canada is an arm’s-length foundation created by the Government of Canada to support Canadian companies with the potential to become leaders as they develop and demonstrate new technologies to address some of our most pressing environmental challenges.