Original News Release, Innovation, Science and Economic Development Canada, November 29, 2021
Canada’s cleantech entrepreneurs are proving their power to take on today’s environmental challenges. Working in partnership with innovative companies, the Government of Canada is supporting the growth of a greener economy.
Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, and the Honourable Mona Fortier, President of the Treasury Board, announced an investment of $3.4 million in Ottawa-based SmartCone Technologies through Sustainable Development Technology Canada (SDTC). This is the first SDTC investment in SmartCone Technologies and part of a partnership that will help the company develop its “smart corridor” smart transit technology for low-greenhouse gas travel.
SmartCone specializes in researching and developing Internet of Things (IoT) technologies to make traffic safety and site security more intelligent, cost-effective, adaptable, scalable and mobile. The company’s technologies have been used in a wide range of applications aimed at saving lives, such as controlling bicycle lane traffic and monitoring high-traffic or high-risk areas such as school zones and non-signalled intersections.