Breakthrough Energy Solutions Canada

• Natural Resources Canada (NRCan) provided over $21 million in funding to support 10 selected projects.
• The Business Development Bank of Canada (BDC) provided follow-on funding for five of the 10 finalists, with BDC investments surpassing the original commitment of $10 million.
• The initiative achieved a leverage ratio of $1.50 in additional investment for every NRCan dollar contributed.
• Participating companies collectively secured over $125 million in follow-on funding or investments during the program.

• The applicant must be a Canadian company or innovator.
• The project must involve clean energy technologies with the potential to significantly reduce global greenhouse gas emissions.
• The project should target advancements in the manufacturing, electricity, transportation, or buildings sectors.
• The applicant should be seeking to attract both public and private sector investment for high-risk, high-potential clean energy innovations.

Who is eligible?

• Canadian companies and innovators developing clean energy technologies
• Entrepreneurs and start-ups focused on reducing greenhouse gas (GHG) emissions
• Businesses operating in the manufacturing sector
• Companies in the electricity sector
• Organizations in the transportation and buildings sectors

Eligible geographic areas

• Canada

• The BESC initiative fostered mentorship and peer-to-peer learning among selected companies through accelerator events and expert-led sessions.
• Cohort companies benefited from opportunities to network with private investors, business experts, and other innovation partners at dedicated events.
• The program promoted knowledge sharing and professional development, with a focus on advanced training for highly qualified personnel.
• Participating companies collectively filed numerous patents and licenses, advancing innovation commercialization globally.