New partnership will deliver Canadian energy innovation to the Chinese market
Toronto, June 26, 2015 — The Advanced Energy Centre (AEC) at MaRS Discovery District and BSD-TEDA — a joint venture between the Beijing Science Park Development (BSD) and the Tianjin Economic-Technological Development Area (TEDA) — are pleased to announce the signing of a Memorandum of Understanding to strengthen their working relationship and to jointly explore potential deployment opportunities for Canada’s advanced energy technologies.
In particular, the agreement seeks to identify Canadian technologies for deployment in Tianjin’s new Sino-Canadian Low-Carbon Eco-District, a unique Canadian-Chinese collaboration supported by both the Chinese and the Canadian federal governments.
“The introduction of advanced energy innovation in the Eco-District will demonstrate the potential of these technologies and provide a platform to expose them directly to the Chinese market,” said Ron Dizy, Managing Director of the Advanced Energy Centre.
The Memorandum of Understanding was formalized at a signing ceremony in Tianjin on June 25, attended by Mr. Guy Saint-Jacques, the Canadian Ambassador to China and senior representatives of all parties.
About the AEC
The Advanced Energy Centre is a public-private partnership with the mission of fostering the adoption of innovative energy technologies in Ontario and Canada, and leveraging those successes and experiences into international markets. The AEC works with over 150 Canadian startups and SMEs in the cleantech and energy sectors, actively developing partnerships that will help bring their technologies to global markets. Within Canada, the AEC works to identify and remove systemic barriers to the adoption of energy innovation. The AEC is part of MaRS Discovery District (@MaRSDD). One of the world’s largest urban innovation hubs, MaRS supports a new generation of makers and innovators who aim to make the world a better place by creating solutions that address key societal challenges. It is a community that encourages entrepreneurial thinking through education programs and events, and helps startups launch, grow and scale. MaRS supports over 1,000 ventures that, in turn, employ over 5,000 people. In the last three years, MaRS ventures have raised $1.3 billion in capital and earned $640 million in revenue.
BSD-TEDA is a joint venture between the Beijing Science Park Development Group and Tianjin TEDA Investment Holdings created to promote the construction, development, investment and operation of the Sino-Canadian Low-Carbon Eco-District, a Canadian-Chinese cooperation project supported by the Chinese Ministry of Housing and Urban-Rural Development and Natural Resources Canada.
For more information, contact:
MaRS Discovery District