The Business Development Bank of Canada is launching a $135 million fund that will invest in entrepreneurial startup companies in the energy and clean technology sector.
BDC Capital, the federal Crown corporation’s investment arm, anticipates investing the money over several years into between 15 and 20 Canadian firms that demonstrate global potential.
The new Industrial, Clean and Energy Technology fund, or ICE Venture Fund II, is a follow-on to the original ICE Venture Fund, which invested in 18 firms.
OBJ360 (Sponsored)

Legal tips for making workplace changes during a period of economic uncertainty
With the ongoing threat of severe trade disruptions and economic uncertainty in the air, business owners who have been economically impacted by the tariffs might be contemplating changes to their

ExecHealth brings Canada’s leading advanced longevity program to National Capital Region
Ottawa’s ExecHealth was one of the first private clinics in Canada to provide personalized, ongoing primary care, having opened its doors 20 years ago this year. Now the pioneering local
“Our goal is to intensify our support for innovative Canadian entrepreneurs who are leading the way in the transition to a low-carbon economy,” says Jerome Nycz, BDC Capital’s executive vice-president.
Ottawa-based GaN Systems, which manufactures high-power transistors for conversion applications, is among the companies that BDC Capital’s first ICE fund has already invested in.
Others include D-Wave Systems, which is involved in quantum computing, and CarbonCure, which retrofits concrete plants with technology that recycles waste carbon dioxide.