A lack of risk capital and policy gaps were identified as weaknesses in Canada’s cleantech sector by speakers at Toronto Climate Week. But they also praised the country for its world-class talent and funding sources.
After raising an initial round of US$1 million in 2021, Montreal-based cleantech company Opalia, which is developing a method to produce cow’s milk from bovine mammary cells, had a more difficult time raising a second round of money.
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