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Balancing out that early stage work, we dedicated eforts to the other end of the continuum, signing a memorandum of understanding with Export Development Canada (EDC) to create a stronger connection between our process and Canada’s international trade portfolio. This opens up new avenues to commercial fnancing and export markets for the companies we support. This is important because, unlike typical SMEs, cleantech frms are heavily export-oriented: more than 80 percent sell into markets outside of Canada.

Assisted by such partnerships, SDTC is working hard to contribute to Canada doubling its share of the global market by 2020, reaping some $60 billion in revenues and seeing the sector’s direct jobs grow to 126,000.

The support we provide Canadian cleantech companies is directly the result of the Government of Canada’s investment in us. Our process is a rigorous one, both for the companies we fund and for our organization to manage. I must once again thank and congratulate every member of our team for their dedication and energy in helping advance Canada’s cleantech potential and all the great SMEs with which we have the privilege to work.

Also, I would like to thank our outgoing Chairman, Juergen Puetter, whose term concluded in 2012. Juergen has been a passionate champion of SDTC over his tenure—and of clean technology as key to Canada’s ongoing competitiveness.

Message from the President and CEO 5

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