Ontario Environment Industry Association                   January 26, 2012       John Adams, Director – Applications, SDTC
Mission                             “The Foundation will act as the primary catalyst                             in buildi...
Mandate               •  SDTC is a policy instrument of the Government of Canada to                     deliver environmen...
Governance                   •  SDTC was created by the Government of Canada                   •  Registered as a not-for-...
SDTC Snapshot•  SDTC operates two funds:                   •  $590 million SD Tech Fund™ launched on April 4, 2002.       ...
SD Tech Fund                   The SD Tech Fund is positioned to address the Pre-Commercial Gap in                        ...
SDTC Pre-Commercial Validation     The SD Tech Fund™ is structured to increase the success rate of     pre-commercial, unp...
Staged Funding Process      The SDTC funding process is structured to facilitate other funding and commercial partnerships...
Size of Canadian Opportunity                             Applications to Date (19 Rounds)                             • 2,...
Summary of Project Evaluation      Criteria  Summary of Key Elements of a Successful SD Tech Fund™ SOI:                  •...
2012A Call for Applications        SDTC is accepting Statements of Interest from February 22nd to April 18th, 2012        ...
2012A Webinars        The SDTC Applications team will be facilitating a series of webinars in the coming        weeks to p...
Talk to us before you apply:                                 John Adams                            David Minicola         ...
Questions                                &                              AnswersJanuary	  26,	  2012	                 14
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SDTC Presentation, John Adams - ONEIA EBOB January 26, 2012

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Presentation provided by John Adams, SDTC during the ONEIA breakfast meeting on January 26, 2012.

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Transcript of "SDTC Presentation, John Adams - ONEIA EBOB January 26, 2012"

  1. 1. Ontario Environment Industry Association January 26, 2012 John Adams, Director – Applications, SDTC
  2. 2. Mission “The Foundation will act as the primary catalyst in building a sustainable development technology infrastructure in Canada.”January  26,  2012   2
  3. 3. Mandate •  SDTC is a policy instrument of the Government of Canada to deliver environmental and economic benefits to Canadians. •  As a delivery agent, we foster the development and demonstration of technological solutions that address: •  Clean Air; •  Climate Change; •  Clean Water; •  Clean Land. •  Forge innovative partnerships and build a SD technology infrastructure. •  Ensure timely diffusion - increase number and rate of uptake of technologies into the marketplace across Canada, providing national benefits.January  26,  2012   3
  4. 4. Governance •  SDTC was created by the Government of Canada •  Registered as a not-for-profit, non-share capital corporation under the Canada Business Corporations Act •  Operates as an arm’s length independent organization •  Funding allocation of $1.09B from Government of Canada •  Accountable to Parliament through the Minister of Natural Resources •  15 Directors on the Board, 7 appointed by Canada •  Member Council (15) – proxy for shareholders •  International recognition for this Canadian initiativeJanuary  26,  2012   4
  5. 5. SDTC Snapshot•  SDTC operates two funds: •  $590 million SD Tech Fund™ launched on April 4, 2002. •  Aimed at development and demonstration of emerging clean technologies. •  $548 million allocated to 223 projects. •  $500 million NextGen Biofuels Fund™ was launched on September 12, 2007. •  Aimed at establishment of large demonstration-scale facilities for next-generation renewable fuels and co- products. •  First application currently in due diligence process. The funds are complementary and address different gaps in the Innovation Chain. 5
  6. 6. SD Tech Fund The SD Tech Fund is positioned to address the Pre-Commercial Gap in the Innovation ChainJanuary  26,  2012   6
  7. 7. SDTC Pre-Commercial Validation The SD Tech Fund™ is structured to increase the success rate of pre-commercial, unproven technologies ü  Provides pre-Venture Capital investment into the development and demonstration phases ü  Allows a business to allocate existing resources to run their core business ü  SDTC typically contributes about 33% of eligible project costs ü  Contributions typically range from several hundred thousand to several million ü  Cash contributions are non-repayable and requires no equity ü  Prevents or defers equity dilution financing while building up value ü  Business often becomes venture grade or bankable at the end of the projectJanuary  26,  2012   7
  8. 8. Staged Funding Process The SDTC funding process is structured to facilitate other funding and commercial partnerships: Statement of Proposal Contract Interest SOI Competitive Due Diligence, Investment Review Process Committee & Board Funding Decisions Key Activities: Key Activities: Key Activities:•  Applicant: •  Applicant: •  SDTC works with lead applicant to define • Debrief SDTC on potential project • Applicant uses successful SDTC SOI to get project milestones against which SDTC letters of commitment from consortium payments will be tied • Complete and submit Statement of Interest partners and investors •  Agreement or other binding obligation in •  SDTC: place between project lead and consortium•  SDTC: • Works with applicant to develop full •  Lead applicant and SDTC sign SDTC • Provides feedback on project Contribution Agreement (Contract) proposal • Helps to define project scope •  SDTC disburses first payment (less 10% • Possibly suggests / brokers intros to • Possibly suggests consortium partners consortium partners holdback) Applicant Status: Applicant Status: Applicant Status:•  Proof of concept complete with validation •  Advanced discussions with potential partners •  All project partners and investors formally and investors agree to contributions as set forth in the full•  Patents / IP protection strategy in proposal development •  Commercial and IP agreements in progress •  Commercial and IP agreements are finalized•  Agreement “in principle” from partners & •  Secured letters of commitment investors to participate in the project •  Contract signed, applicant receives first payment January  26,  2012   8
  9. 9. Size of Canadian Opportunity Applications to Date (19 Rounds) • 2,006 applications (>6100 entities) • 90% industry-led • $5 Billion in funding requests • $19.2 Billion in total project value Strong Demand Rate of SOIs remains strong Number of applications constant over last 4 years (+/-10%) Projects Approved (18 Rounds) • 223 projects • $548 Million from SDTC • $1.9 Billion in total eligible project value Numbers as of June 2011 There is significant capability to develop clean technologies and a strong demand in Canada for support from SDTC for the associated companies.January  26,  2012   9
  10. 10. Summary of Project Evaluation Criteria Summary of Key Elements of a Successful SD Tech Fund™ SOI: •  Level of Innovation •  Environmental Co-benefits •  Industry leverage & partnerships (consortium) •  Potential for broad and rapid market diffusion •  Generation of (defendable) intellectual property •  Strategies on how to handle intellectual property •  Inherent technical and / or markets risks •  Strategies to mitigate technical and / or market risks •  Existing SDTC investments (portfolio saturation)January  26,  2012   10
  11. 11. 2012A Call for Applications SDTC is accepting Statements of Interest from February 22nd to April 18th, 2012 •  SDTC supports technologies that address the challenges of Climate Change, Clean Air, Soil and Water, including technology solutions focused on these current priority areas: •  Natural Resources •  Clean Energy •  Agriculture •  Northern/Remote Communities •  Packaged SolutionsJanuary  26,  2012   11
  12. 12. 2012A Webinars The SDTC Applications team will be facilitating a series of webinars in the coming weeks to provide additional information to prospective applicants. I.  SDTC Investment Priorities •  Friday February 17, 11:00am – 1:00pm EST •  Keynote Speaker: Rick Whittaker, Chief Technology Officer, SDTC II.  Regional Webinars •  Dates to be announced (February – March 2012) •  SDTC Applications team to provide details on preparing a winning SOI •  Guest Speakers from government, industry associations or clean tech accelerators to discuss other regional funding opportunities. III.  Tutorial Webinars •  Dates to be announced (March 2012) •  SDTC Applications team to discuss Frequently Asked Questions and respond to selected questions from webinar participants. IV.  Sector Webinars •  Dates to be announced •  Focus on specific industry sectors such as oil & gas and clean transportation •  Speakers to include SDTC Screening and Evaluation team members and guest subject matter experts.January  26,  2012   12
  13. 13. Talk to us before you apply: John Adams David Minicola Director, Applications Manager, Applications 613 234 6313 x234 613 234 6313 x310 j.adams@sdtc.ca d.minicola@sdtc.ca Sustainable Development Technology Canada 45 O’Connor Street, Suite 1850 Ottawa, Ontario K1P 1A4 www.sdtc.caJanuary  26,  2012   13
  14. 14. Questions & AnswersJanuary  26,  2012   14
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