Ontario Water News

Women In Cleantech Challenge Offers $1M Prize

On May 10, the Honourable Jim Carr unveiled a nationwide challenge for Canada’s aspiring woman cleantech entrepreneurs and innovators to submit their ideas to tackle the world’s most difficult energy and environmental challenges, such as climate change.

Natural Resources Canada and its partner MaRS are working together to spearhead this Women in Cleantech Challenge, which offers a final $1-million prize.

The challenge focuses on the development of new solutions in areas such as climate change, green growth, and applying new technologies to reduce negative environmental impacts. Water efficiency is one example area that is considered in its cleantech definition of disruptive, potentially scalable technologies that use less material and/or energy, reduce waste, and cause less environmental damage than the alternatives.

Selected entrepreneurs will spend two-and-a-half years in an incubation period at MaRS, where they will receive support valued at over $800,000. Following the incubation period, participants will compete for the $1-million prize to invest in their cleantech businesses.

Applicants will be assessed by a six-member jury — including an honorary juror — who bring expertise and experience in the fields of science, technology, engineering and mathematics (STEM), clean technology, business development and environmental awareness. Renowned Canadian novelist and environmental activist Margaret Atwood will serve as the honorary juror.

The Women in Cleantech Challenge is the first of five challenges that will be launched in the coming months under Natural Resources Canada’s Cleantech Impact program, part of Impact Canada, a whole-of-government effort to deliver meaningful results for Canadians through measurable economic, environmental, and social outcomes. Cleantech Impact will invest $75 million over four years in the five challenges.

The deadline for applications is July 13. For more information, visit here for more details.