Ontario Water News

BDC Launches Next Wave of Cleantech Funding

BDC Capital, an investment arm of Business Development Bank of Canada, announced the launch of its $135-million Industrial, Clean and Energy Technology (ICE) Venture Fund II in late November.

Through the fund, BDC Capital will invest in approximately 20 new Canadian cleantech and energy startups capable of demonstrating global efficiency and scalability.

The first phase of the ICE Venture Fund launched in 2011 invested in 18 firms. This second phase foresees an initial five-year investment period followed subsequently by a five-year period for businesses to mature.