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$10M fund for SMEs’ clean tech projects in Alberta

Small and medium-sized companies that are in the early stages of developing new clean technology for application in Alberta can now apply for funding support from $10 million that will be available from the Climate Change and Emissions Management (CCEMC) Corp.


July 15, 2011
by PLANT STAFF

EDMONTON: Small and medium-sized companies that are in the early stages of developing new clean technology for application in Alberta can now apply for funding support from $10 million that will be available from the Climate Change and Emissions Management (CCEMC) Corp.

The not-for-profit Alberta organization said eligible projects from small and medium-sized private sector organizations having fewer than 250 employees include proof-of-concept, research and development (R&D) and small-scale pilot initiatives.

Private sector businesses developing ideas linked to conservation and efficiency, greening energy production and carbon capture and storage can review the EOI guidelines at http://ccemc.ca.

“We recognize that small companies can often find it difficult to access the capital required to advance their technologies,” said CCEMC chair Eric Newell. “That’s why the CCEMC is issuing this (expression of interest) EOI for small and medium sized organizations with creative ideas to address greenhouse gas reductions.”

CCEMC is focusing on product and market challenges encountered by SMEs that, if resolved, could lead to significant greenhouse gas reductions.

Projects are eligible for 50% of eligible project costs to a maximum of $500,000.

Applicant companies needn’t be located in Alberta but the projects the technology must have applications within the province.

Submissions can be submitted online through ccemcadmin.ca starting Aug. 8.

CCEMC has so far announced support for 27 projects with a total project value of more than $630 million and are estimated to reduce greenhouse gas emissions by 23 megatonnes over 10 years.

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