The Clean Technology Report
Wednesday, February 18th, 2009As 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:
- The Clean Technology sector is an important source of global economic growth and job creation.
- Clean technologies and products reduce or eliminate ecological impacts, provide superior performance and use fewer resources.
- Global demand for clean technology solutions is currently estimated at $US 1 trillion annually.
- Canadian demand for clean technology solutions is currently estimated at $35 billion annually.
- 6,000 Canadian firms employing 250,000 people provide innovative clean solutions that generate economic and environmental benefits to customers around the world.
- North American venture capital investment in clean technology reached $3.5 billion in 2006 representing 45% growth over 2005.
- Sustainable Development Technology Canada is investing $1.05 billion in Canadian clean technology companies.
- 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.
- Many clean technology companies are led by CEOs whose backgrounds are science or engineering focused.
- Canada ranks 13th out of 17 developed countries in commercializing technology innovations.
- The size of the Canadian market is small and domestic clean technology companies must sell their innovations to global markets for long-term success.
- 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”)




