INVESTMENT ACTIVITY IN 2021 Emerging Industries
While the cleantech sector has matured, its early-stage companies remain the most critical focus area for growth. Incubators and accelerators are crucial contributors to the success of Canada’s early-stage cleantech startups. Foresight, one of Canada’s most prominent cleantech accelerators, is bringing the industry together in an effort to accelerate the scale-up and adoption of competitive Canadian cleantech solutions that address the world’s most pressing environmental challenges. Foresight’s sector-based approach allows it to harness energy and innovation in target sectors with the highest potential impact. Foresight’s industry-leading “Challenges” connect corporate leaders facing sustainability hurdles with cleantech innovators. 17 845 companies have gone through Foresight’s programs, raising a collective $1 billion in capital. 18 It is estimated that 50% of the innovation required to meet climate change challenges has not been developed yet. 19
17 Foresight Canada: Innovation Challenges 18 A New Kind of Unicorn | Foresight Alumni Raise $1 Billion Capital 19 Foresight’s industry-leading Challenges
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