SDTC's National Cleantech Report Shows Room for Growth

At a lunchtime session on GLOBE’s tradeshow floor, Sustainable Development Technology Canada released its Cleantech Growth and Go-to-Market report for 2010 (developed jointly with OCETA and the Russel Mitchell Group).

SDTC’s Vicky Sharpe said Canadian start-ups are extremely efficient because they make it with one-third less start-up capital than their American counterparts. Then she said we need to make more capital available to start-ups in order to give them that competitive edge they need to compete on the global market.

The Russel Mitchell Group’s Celine Bak said, “A technology industry is by default an export industry.” Currently, the 168 companies surveyed make 43 per cent of their revenue from export and almost all of them said they intend to be globally competitive.

While export is important, Sharpe also pointed out another major issue: Canadians tend to avoid buying Canadian.