A report commissioned by the federal government revealed that Sustainable Development Technology Canada (SDTC) has been violating its contribution agreement with the federal government, distributing tens of millions of taxpayers dollars inappropriately.

Furthermore, SDTC board members and executives were incentivised with big bonuses to erroneously distribute these taxpayer dollars with little oversight, the report found.

The Raymond Chabot Grant Thornton report, commissioned by Innovation, Science, and Economic Development Canada (ISED), found that SDTC’s seed fund, which distributes $50,000 to $100,000 grants to clean tech companies, violates the crown corporation’s contribution agreement with the federal government.

Specifically, the ISED mandates that SDTC review the projects its funding to ensure its grants don’t surpass 50% of the total project costs.

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