Canada’s call to action for Canadian clean technology: a $1 trillion opportunity - EDC alone committing $7 billion for Canadian companies by 2020
Export Development Canada’s (EDC) Cleantech Export Week launches today, bringing together Canada’s clean technology experts to discuss how Canadian companies can play a bigger role in this fast-growing sector.
The worldwide movement to tackle climate change is ramping up and there is growing demand for clean technology and services. Cleantech Export Week will launch a national conversation about how Canadian companies can more easily bring their solutions to the international market – a market estimated to be worth US$1 trillion and expected to surpass US $2.5 trillion by 2020.
“Canada has the potential to be one of the world’s go-to sources for cleantech solutions, and so EDC is stepping up to be Canada’s source for financing cleantech companies by increasing our financial support to meet the market needs,” says Benoit Daignault, EDC President and CEO. “We planned Cleantech Export Week to salute the ingenuity and entrepreneurship of companies across the country, and as a call to action to challenge Canada’s innovators to expand their horizons beyond our borders by tapping into the support provided by EDC and our partners.”
EDC is the largest provider of financial solutions for cleantech companies looking to export internationally, EDC provided more than $1 billion in the sector in 2016 and expects business volumes to exceed $7 billion between now and 2020.
Cleantech has been a priority for EDC since 2012. Since then we have helped over 170 Canadian cleantech companies export to 114 countries and have conducted almost $3.5 billion in business.
EDC helps these companies by providing financial solutions, market knowledge and the benefit of matchmaking introductions to some of the biggest projects and companies in the world.
Cleantech Export Week Schedule of events:
Monday Nov. 27 7:30 – 9:30 a.m. EST
Breakfast event in partnership with the Economic Club of Canada. Chateau Laurier – Drawing Room Panel discussion followed by a conversation with the Honourable François-Philippe Champagne, Canada’s Minister of International Trade and Benoit Daignault, President and CEO, EDC. This event is open to media, please confirm attendance.
Tuesday Nov. 28 8:00 a.m. EST
Announcement of EDC’s Exporting Cleantech Stars. EDC has selected three Canadian cleantech companies who have bridged the gap between domestic and international success in the cleantech industry. For interviews with these companies, contact the EDC spokesperson below.
Wednesday Nov. 29 1:00 – 2:00 p.m. EST
Cleantech Export Week Webcast An online panel of trade and cleantech experts will come together for a 60-minute, live webcast on the growing global demand for clean technology and why exporting should be a key part of any cleantech company’s growth strategy.
Monday Nov. 27 – Friday Dec. 1
Visit https://www.edc.ca/ for infographics and blog posts that highlight key areas of cleantech, what support exists for Canadian companies and how to move from domestic to international success in this sector.
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, we equip Canadian companies with the tools they need – the trade knowledge, financing solutions, equity, insurance, and connections – to grow their business with confidence. Underlying all our support is a commitment to sustainable and responsible business. To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, the Government of Canada has expanded EDC’s domestic capabilities until December 31, 2021. This broader mandate will enable EDC to expand its support to companies focused domestically.
For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit www.edc.ca.