VANCOUVER, BC (September 12, 2024): Today, NGIF Accelerator announced the launch of a $5MM (CAD) CLEANTECH CHALLENGE at the Low Carbon Business Action (LCBA) Canada Phase II launch event in Vancouver. The Challenge, administered through the Industry Grants Program, is focused on four strategic areas: Carbon Capture Utilization and Storage (CCUS), Methane Management (Measurement, Quantification, and Mitigation), Energy Efficiency and Resiliency, and Renewable Natural Gas (RNG).
The Cleantech Challenge is a global funding call for technologies that can support emissions reduction efforts across the natural gas value chain in Canada. It is offering up to $500,000 CAD per project in non-dilutive grant funding, representing as much as 50% of a project’s eligible expenses.
In addition to this, NGIF Accelerator’s funding provides each finalist access to market through its 14 industry participants, allowing them to receive valuable market insights from prospective customers and have opportunities to demonstrate their technologies at host sites specifically related to natural gas production.
NGIF Accelerator is currently accepting applications from global small and medium-sized enterprises (SMEs) and start-ups with the following characteristics:
- Novel technologies with solutions in the key strategic areas to support enhancing the natural gas industry’s environmental and economic performance.
- Technology Readiness Level (TRL) 4 or higher will be considered.
- SMEs that are non-subsidiary, independent technology development firms that employ fewer than 500 employees.
OR
- Technology development startups that are non-subsidiary, independent technology development firms that employ fewer than 100 employees, generate less than CAD $25 million in annual revenues, and are focused on developing and scaling up pre-commercial technologies.
Video: NGIF Accelerator Cleantech Challenge
“We are excited to launch this Cleantech Challenge, making a significant funding contribution to the future of clean technology and emissions reduction. This initiative reflects our unwavering commitment to advancing innovative solutions across the natural gas sector, from upstream production to downstream applications,” said John Adams, President and CEO of NGIF Accelerator. “Our Industry Grants program, which focuses on de-risking clean technologies through field trials and pilots, is part of NGIF’s integrated model of industry validation, customer creation, and technology commercialization.”
“Innovation has always been front and centre for the natural gas industry in Canada. Committing $5 million to this competition is the latest demonstration of this focus and the determination to keep the industry in the lead on the global innovation agenda for energy,” said Timothy M. Egan, President and CEO, Canadian Gas Association and Chair, NGIF Capital Corporation.
For more information on how to apply, please visit https://www.ngif.ca/accelerator-cleantech-challenge/
NGIF Accelerator Industry Grants’ Program Member Companies
NGIF Accelerator Industry Grants’ Program Trusted Partners
About Industry Grants program
The Industry Grants program is industry-led and offers non-dilutive grants to fund early-stage startups for technology development and field demonstration. The program specifically de-risks pre-commercial technology solutions that have the potential to increase the environmental performance of the natural gas sector. Each project in the program will accelerate technology readiness level progressions through controlled pilot testing and field trials to advance commercialization.
About NGIF Accelerator
NGIF Accelerator is the not-for-profit arm of NGIF Capital and operates all technology and innovation programs. The NGIF Accelerator mandate is to de-risk and accelerate technology development by supporting startups through their pilot projects, field trials, and industry validation. It will coordinate with federal and provincial governments to co-fund projects to advance market commercialization. NGIF Accelerator currently operates the Industry Grants program and administers the NGIF Emissions Testing Centre program.
About Canadian Gas Association
The Canadian Gas Association (CGA) is the voice of Canada’s gas energy delivery industry, including natural gas, renewable natural gas (RNG), and hydrogen. Its members are distribution and transmission companies, equipment manufacturers, suppliers and other service providers. Today, natural gas meets almost 40 per cent of the country’s energy needs.
Fund Information:
John Adams
President and CEO, NGIF Accelerator
President and CEO, NGIF Capital Corporation
Media Information:
Ayoola Ajibare
Communications Coordinator, NGIF Capital Corporation
(403)-389-2212
aajibare@ngif.ca
