Depending on whom you ask, Canada could be falling behind in what was described by U.S. President Barack Obama as the “space race” of our era. Obama is referring to clean technology, which he believes will drive the future of North American business. So getting Canada’s best in class clean technologies into international markets is nothing less than mission critical for Canada.
So far, Canada has done very well supporting the early research stages of clean technology, including many demonstration projects. However, the country has fallen short when it comes to commercializing those technologies at the cost of hundreds of millions of dollars in returns.
Government spending to assist companies through what has been called the “valley of death” is one of Canada’s strengths, however finding capital sources to walk clean-tech firms through the second valley of commercialization death is very difficult. Connecting with sophisticated, large Global 1000 clients has also been proven to be a major challenge for Canadian clean-tech firms, and as a result many companies fail to make a significant footprint on the international stage.
With this notion in mind, The Canadian Business Journal and Drayton Weissenfels Inc—in association with Yet2.com, OCETA, Fogler, Rubinoff—are coming together to launch the first clean technology competition in 2010, the Clean 15. Read Full Article
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