The Clean Technology Report

February 18th, 2009 | by admin |

As the Toronto Star reported this morning, Cleantech spending is crucial. A new report, the 2009 OCETA SDTC Cleantech Growth & Go-to-Market Report (at http://cleantechnologyreport.ca) outlines the commercial opportunities for Cleantech in Ontario.  The report can be downloaded here.

A few facts and figures:

  1. The Clean Technology sector is an important source of global economic growth and job creation.
  2. Clean technologies and products reduce or eliminate ecological impacts, provide superior performance and use fewer resources.
  3. Global demand for clean technology solutions is currently estimated at $US 1 trillion annually.
  4. Canadian demand for clean technology solutions is currently estimated at $35 billion annually.
  5. 6,000 Canadian firms employing 250,000 people provide innovative clean solutions that generate economic and environmental benefits to customers around the world.
  6. North American venture capital investment in clean technology reached $3.5 billion in 2006 representing 45% growth over 2005.
  7. Sustainable Development Technology Canada is investing $1.05 billion in Canadian clean technology companies.
  8. Ontario has invested $3 billion in research and innovation, and has committed a further $1.15 billion to transform Ontario into an innovation and clean technology based economy.
  9. Many clean technology companies are led by CEOs whose backgrounds are science or engineering focused.
  10. Canada ranks 13th out of 17 developed countries in commercializing technology innovations.
  11. The size of the Canadian market is small and domestic clean technology companies must sell their innovations to global markets for long-term success.
  12. Ontario-based clean technology must develop greater capacity to effectively market and sell their innovations.

Overall, this is a good indication that the time is ripe for what Bill Gates called “creative capitalism” A triple bottom-line, win-win economic structure, where innovation is fueled by environmental and social concerns. There is a tremendous opportunity there, and the following years will determine who will be the leader of the “Green Revolution” (unless it turns out to be a “Green Bubble”)

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