Clean-Tech and Green Energy
The Toronto region and the Province of Ontario is North America's renewable energy leader – boasting more than 36,000 employees at over 1,700 companies that provide alternative energy and clean-tech products and services. These innovative companies currently generate an estimated $2 billion in annual revenues. The Toronto Stock Exchange is ranked 1st in the world for number of listed renewable energy and clean-tech companies (TMX Group, 2014).
Ontario's Green Energy Act (GEA) was created to expand renewable energy generation, encourage energy conservation, and promote the creation of clean energy jobs. The Ontario Green Energy Act is "widely recognized now as the single best green energy program on the North American continent." (Al Gore, Former Vice President of the United States).
Carpet Cycle Canada
Carpet Cycle had been servicing the Toronto Region from its New Jersey recycling centre since 1999. CarpetCycle decided in 2010 that there was a business case to be made for a stronger presence and full expansion into Toronto, Canada. Moreover, the Company felt that Toronto presented a unique opportunity because it is one of the greenest and most environmentally forward thinking cities in the world.
There are continuing Provincial Government incentives available to accelerate growth in this sector:
- The Ontario Emerging Technologies Fund (OETF) is a $250-million, five-year commitment by the Ontario government to encourage investments in technology-based companies
- The Innovation Demonstration Fund (IDF) is a $50 million allocation to help commercialize biofuels and alternative energies
- The Ontario Tax Exemption for Commercialization (OTEC) program offers a 10-year exemption from Ontario's corporate income tax and corporate minimum tax for newly established corporations operating businesses in priority areas
- The province has allocated $50 million over five years to help finance research, capital and demonstration projects, leading toward a "smart" electricity grid in Ontario
- The province has dedicated $30 million to purchase emerging green technologies developed in Ontario and to showcase them to potential customers around the world to enhance export opportunities
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A Bright Green Future, Clean-Tech Asset Map
An analysis of the convergence of technology, policy and capital in Ontario
Clean Technology and Green Energy
Funding Programs, Awards and Prizes Available to Ontario Clean-Tech Companies
Document is a compilation of federal and provincial funding sources, both private and public that apply to companies in the Cleantechnology Sector.
Clean Technology and Green Energy
Greater Toronto Area Renewable Energy Opportunities
Report on the renewable energy sector in the GTA, including recent Ontario Green Energy Act policy adjustments, designed to develop a green energy economy.
Obtaining Patent Protection in Canada
Introduction to the Canadian patent system.
Green Energy, ICT (Information and Communications Technology), Life Science, Talent
People, Planet & Profit: Catalyzing Growth & Environmental Quality in the Toronto Region
City of Toronto development strategy for the "green" sector
The Power to Live Green
The City of Toronto's sustainable energy strategy.
Green Energy, Quality of Life
Vantage Magazine, Greater Toronto
The Greater Toronto Marketing Alliance foreign direct investment magazine looks at Ontario's green sector.