VueReal has developed a new manufacturing solution for semiconductor applications that allows for more environmentally friendly manufacturing of displays and sensors, while lowering power consumption in electronic systems. PHOTO courtesy VueReal.
Sustainable Development Technology Canada (SDTC) and Invest Ontario have awarded VueReal Inc. $10.5M in government support to scale its micropixel fabrication and printing solutions.
With this funding, the federal and provincial governments are supporting a $40-million project that will create 75 additional full-time permanent jobs in Waterloo Region, Ontario. By the end of the project VueReal expects to employ 105 employees in Waterloo Region.
VueReal has developed a new manufacturing solution for semiconductor applications. The technology allows for more environmentally friendly manufacturing of displays and sensors, while lowering power consumption in electronic systems. VueReal believes its technology solutions will enable “futuristic applications that will revolutionize industries such as healthcare, autonomy, automotive, and more.”
“We congratulate all the cleantech entrepreneurs, including VueReal, who are turning vision into reality with help from SDTC investments. The Government of Canada stands shoulder to shoulder with these groundbreaking companies as they drive innovation, make their mark as international leaders in clean technology and propel us onward to a cleaner Canada and a net-zero carbon emissions world,” said François-Philippe Champagne, Minister of Innovation, Science and Industry.
Dr. Reza Chaji, CEO of VueReal, says Canada’s universities, including the University of Waterloo, combined with government research funds, make Waterloo Region a prime location for developing cutting-edge and sustainable technologies. VueReal has leveraged this ecosystem to develop its microSolid printing technologies, which enable the creation of smart surfaces for next-generation displays and sensor applications.
“This collaboration between VueReal, SDTC, and Invest Ontario on a project worth approximately 40 million CAD highlights the potential to scale these technologies into full-scale production in the Waterloo Region and Ontario,” Chaji said.
In December 2020, the Government of Canada announced A Healthy Environment and a Healthy Economy, Canada’s strengthened climate plan, which recapitalized SDTC with an additional $750 million over five years, representing the single largest Government of Canada investment in SDTC. Since its inception in 2001, SDTC has invested more than $1.58 billion in over 500 companies that have generated $3.1 billion in annual revenues, created 20,942 jobs, brought 194 new technologies to market and reduced greenhouse gas emissions by 22.6 megatonnes of CO 2 annually, which is equivalent to taking almost 7 million cars off the road every year.
Clean technology businesses contributed more than $28.2 billion to the Canadian economy in 2021 and exported $9.2 billion in goods and services. Thirteen Canadian companies, 10 of which have been funded by SDTC, were included on the 2022 Global Cleantech 100 list.
In 2021, the cleantech sector employed more than 188,000 Canadians.