Ag Tech Investments News
SDTC investment of $5.9 MILLION for development of advance technologies
Lévis, Québec (January 2018, Innovation, Science and Economic Development Canada) – The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, has announced a federal investment of $5.9 million, through Sustainable Development Technology Canada (SDTC), to advance technologies being developed by Hortau, a firm with innovative clean tech ventures.
This investment in Hortau supports a precision agriculture platform—composed of hardware, software and communication systems—that can provide a more complete approach to managing crops and irrigation. This includes monitoring five elements that can influence crop development: water, nutrients, pests, temperature and salinity. With this technology, Hortau is targeting high-value irrigated crops in Canada and the United States, representing a market of about 9.5 million acres. Hortau made the prestigious 2017 Global Cleantech 100 top companies to watch list as an up-and-coming company that is catching the attention of leading investors and corporations in the market.
Investments in clean technology are part of the Government’s Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it. Investments in clean technology also support the Pan-Canadian Framework on Clean Growth and Climate Change.