MaRS Announces Women in Cleantech Challenge Finalists

Canada has become a hotbed for cleantech startups and success stories, but far too few of them involve women at the helm.

MaRS set out to right that ship with their Women in Cleantech Challenge, inviting founders and entrepreneurs to submit their ideas and companies, all with a chance to secure a $1 million investment to scale up their cleantech solution. In total, 147 applications were received, then trimmed down to 10 presentations, all critiqued at a live pitch event by a jury that included Canvass Analytics CEO Humera Malik, Fonds de solidarité FTQ’s chief of investments Janie C. Béïque, and honourary juror and acclaimed novelist Margaret Atwood.

Only five finalists were supposed to be selected, but after a tight “hung jury” as the event host described it, six in total were chosen. They will move on to the final challenge cohort and work to scale their solution and secure a $1 million investment. The six finalists will each receive resources valued at more than $800,000, including business incubator support, an opportunity to work with federal labs, and an annual stipend of $115,000.

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