SituationalProgramOpen

BDC Capital Climate Tech Fund II

BDC Capital · Federal

In plain language

BDC's $400M follow-on to the $600M Climate Tech Fund I. Targets capital-intensive hard climate tech — not software-only. Typical cheques $2M–$25M for seed through growth rounds. Fund II deploys over 5 years from 2024. NL companies are eligible on the same terms as any Canadian cleantech company; NL's cleantech deal flow (wind, hydrogen, ocean energy, electrification) aligns well with the mandate. You approach BDC Cleantech Practice directly through the fund page or via an intro from the Atlantic BDC office. Expect 6–12 months from first meeting to term sheet. Not for pre-revenue, pre-team companies — but exactly right for Series A cleantech with a deployable technology.

Realistic range

$2,000,000 – $25,000,000

Avg award

$5,000,000

Max advertised

$25,000,000

Cost share

—

Accessibility

2 / 5

Effort

5 / 5

Deadline

Continuous intake

Repayable?

Yes

Who qualifies

Entity types

Incorporated

Sectors

Energy, Technology, Agriculture, Manufacturing

Regions

NL Wide

Demographics prioritized

None specifically

What you'll have to report

Board-level reporting, GHG-impact metrics, quarterly financials, audit rights — institutional VC standard.