RBC Invests $500K in MaRS Cleantech Fund

Posted by Techvibes NewsDesk

Yesterday MaRS Discovery District announced that the RBC Generator has invested $500,000 in the MaRS Cleantech Fund, the first deal for the investing arm of RBC's Social Finance initiative.

Launched in 2012, the MaRS Cleantech Fund aims to provide early-stage funding to companies developing next-generation clean technology breakthroughs with global markets, deep intellectual property and capital-lean business models.

The RBC Generator provides financing for enterprises that address clean water, energy efficiency, or employment opportunities for youth or disadvantaged groups.

SEE ALSO: 19 Canadian Companies Nominated for Global Cleantech Awards

The MaRS Cleantech Fund will invest in 10-12 cleantech companies that aim to provide solutions to pressing challenges such as rising energy prices, resource scarcity and carbon emission constraints. The Fund is able to mitigate early-stage investment risks by leveraging its relationship with MaRS, which provides access to a leading network of innovators developing clean and sustainable technologies.

According to Ottawa-based Analytica Advisors, the global cleantech market is expected to reach $3 trillion by 2020.

Company:
MaRS
Website:
http://www.marsdd.com
Location:
Toronto, Ontario, Canada

MaRS connects the communities of science, business and capital and fosters collaboration among them. This happens physically through location of research labs, companies of all sizes, business advisors, investors and professional services within the MaRS Centre and more broadly through hands-on advisory services, entrepreneurial programming, our structured networks and expanding electronic community. Located in... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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