Clean technology sector leaders have come together to launch the Ontario Clean Technology Industry Association (OCTIA), a new not-for-profit organization that will champion Ontario’s rapidly growing cleantech sector. According to forthcoming analysis from MaRS Data Catalyst, 131 Ontario-based cleantech ventures collectively reached revenue figures of nearly CAD $500 million in 2018.
“It’s time for Canada’s largest and most industrialized province to champion the clean technology sector,” says Peter McArthur, OCTIA’s Chair. “Ontario is home to a robust ecosystem that contributes significantly to clean and green growth globally. With our province’s talented workforce, innovative entrepreneurs, deep research and development infrastructure, and strong investment community, Ontario can have an even more transformative impact on climate challenges.”
Among the founding members of OCTIA are Royal Bank of Canada, Silfab Solar Inc., Smarter Alloys, MaRS Discovery District, Enbridge Inc., CHAR Technologies, Clear Blue Technologies, S. Strashin and Sons, and Flow Ventures.
According to Cleantech Commons executive director, Martin Yuill, “As an Ontario-based cleantech-focused Research & Technology Park, Cleantech Commons lies at the heart of our country’s efforts to support clean, green and low-carbon technology research, innovation, entrepreneurship and commercialization“.
According to Yuill, “By bringing together big-thinking problem solvers, state-of-the-art resources, specialized technical facilities & innovation programming to inspire and drive collaboration & next-generation cleantech startups, Cleantech Commons is designed to be a catalyst for innovation, and will provide customized services and targeted value to ventures whose goal it is to create new solutions and leverage new technologies to solve the world’s energy, environment and climate challenges”.
Ontario Clean Technology Industry Association (OCTIA) is the industry champion for Ontario’s cleantech sector. OCTIA’s mandate is to strengthen, foster, and promote the thriving cleantech community, to build partnerships and networks to generate quality business opportunities, and to encourage industry and government leaders to act in support of the sector’s growth.