Ontario fund seeks innovative projects in clean tech

The Ontario government is investing $26 million in a new Low Carbon Innovation Fund (LCIF) for clean tech projects to help firms reduce their greenhouse emissions. The funding has been earmarked for projects that will use emerging and innovative technologies in the areas of alternative energy generation and conservation, new biofuels or bioproducts, next-generation transportation or novel carbon capture and usage technologies. By setting up the fund, which is part of the province’s Climate Change Action Plan, the Ontario government aims to help industries strike a balance between competitiveness and environmental consciousness with the help of clean technologies. The fund is for two types of projects – technologies that can be tested in real-world settings and technologies ready for proof of concept or prototyping. Funding is available from fall 2017.