CarbonCure was been selected to join the Canadian Technology Accelerator (CTA) in New York City, a program launched by Foreign Affairs and International Trade Canada (DFAIT). The program is a joint partnership between the Canadian Trade Commissioner Service in New York City and San Francisco, with the support of the Business Development Bank of Canada and Sustainable Development Technology Canada.
“We are thrilled to be part of the Canadian Technology Accelerator, where we are joining an impressive list of like-minded Canadian clean technology companies also looking to do business in the U.S.,” said CarbonCure’s CEO and founder Robert Niven.
As part of the CTA, CarbonCure hopes to develop a stronger national and international network of clean technology thought leaders, and capitalize on a diverse list of mentors. “The CTA program provides Canadian small businesses like ours with a key competitive advantage, by helping us quickly expand our network beyond Canadian borders; CarbonCure continues to benefit tremendously from the work of Canada’s trade commissioners,” Niven said.
A recent report by Analytica Advisors describes the Canadian clean technology sector as a major economic driver. The publication reports that clean technology companies are nine times more likely to export than the average Canadian small or medium-sized enterprise. The report also states that the Canadian clean technology sector is currently worth more than $10 billion, with growth potential reaching more than $26 billion in five years. The global clean technology market is valued at $1 trillion today, and will be worth an estimated $3 trillion by 2020.