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Our experience in 2012 has shown once again that, for Canada, cleantech innovation is one of those factors.

Canadian cleantech enterprises directly added jobs, revenues and exports to the economy—generating 18 percent more revenue than in 2011 and supporting 52,600 jobs in total according to Analytica Advisors. As this Annual Report shows, over the past year SDTC-funded cleantech companies have had an impact on Canada’s economy and the daily lives of Canadians. Cleantech is making the extraction and use of our natural resources more efcient, our transportation better, our buildings more liveable, and our communities healthier, more cost-efective places to live and work.

Importantly, cleantech companies continued to do what Canada’s Finance Minister, the Honourable Jim Flaherty, has called on all private-sector entities to do: invest, create jobs and grow our economy.

For these and other reasons, last year the Cleantech Group ranked Canada seventh in the world on clean technology as an indicator of economic competitiveness. Canadian cleantech companies are getting global attention – 58% of the $2.3 billion in follow-on fnancing raised by SDTC-supported companies is from foreign sources. This is good news, considering that the value of the global cleantech market is expected to reach at least $3 trillion by 2020.

Much of cleantech’s success in Canada has been accomplished by small and medium-sized enterprises (SMEs). These companies are nimble and creative—however, most need support to realize their potential and bridge the commercialization gap. That’s where SDTC comes in.

In 2012, in addition to our traditional company building and funding process, we engaged in early stage, pre-funding incubator activities to help companies with promising technologies strengthen their management capacity and value propositions.

The World Economic Forum defnes competitiveness as the “institutions, policies and factors that determine the level of productivity of a country”.

4 SDTC 2012 Annual Report

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