About the award

What is it?

The Mission from MaRS Climate Technology Venture Diversity Award has been awarded to two early-stage ventures that have the potential to greatly reduce GHG emissions and are founded by leaders from one of four designated diversity groups: A racialized group, people living with disabilities, Indigenous peoples and individuals who identify as women, 2SLGBTQ+, and/or are gender diverse.

The winners have each received a cash prize of $75,000 to support their growth journeys and were celebrated at MaRS Climate Impact.

See our 2022 winner: Litus
See our 2023 winner: Lite-1

The Challenge

Canadian cleantech entrepreneurs are leaders on the world stage, yet, data (1, 2, 3) shows that ownership of small and medium-sized enterprises (SMEs) in cleantech is significantly less diverse compared to SMEs in other technology industries.

When looking at ownership of cleantech SMEs in Canada:

4.9%
are majority owned by women
16.8%
other sectors
3.5%
are majority owned by members of racialized groups
9.3%
other sectors
1.3%
are majority owned by Indigenous Peoples
1.1%
other sectors
0.2%
are majority owned by people with disabilities
0.6%
other sectors
1%
are majority owned by members of the 2SLGBTQ+
2.5%
other sectors

Criteria

Program Eligibility

The award winner will be selected based on the following:

  • The potential of the venture’s solutions to reduce GHG emissions.
  • The value proposition of its solution.
  • Its diversity, equity and inclusiveness (DEI) strategy.

In order to be eligible, the applicant of the venture must:

  • Be a corporate leader in the Company.
  • The company must be a registered Canadian business engaged in climate technology. For the purposes of this Award, “climate technology” refers to physical or digital technologies that are explicitly focused on reducing GHG emissions and/or addressing the impacts of global warming.
  • Regularly engage in technological innovation at the company.
  • Submit a full application in a manner consistent with the Official Rules.
  • Be from one or more of the following four designated diversity groups:

1. Member of a racialized group:

  • Refers to persons, other than Indigenous peoples, who are non-Caucasian in race or non-white in colour. Examples of racialized groups include, but are not limited to: South Asian, Chinese, Black, Filipino, Arab, Latin American, Southeast Asian, West Asian, Korean, and Japanese.

2. People with disabilities:

  • Refers to people who are living with a long-term or recurring physical, mental, sensory, psychiatric, or learning challenge and who:
    • Consider themselves to be disadvantaged in employment by reason of their condition, or;
    • Believe that an employer or potential employer is likely to consider them to be disadvantaged in employment by reason of that condition, and;
    • Includes persons whose functional limitations owing to their condition have been accommodated in their current job or workplace.

3. Indigenous peoples:

  • Refers to persons who are First Nations, Métis, and/or Inuk (Inuit).

4. Individuals who identify as women, 2SLGBTQ+, and/or are gender diverse:

  • Women refers to individuals who identify as women;
  • 2SLGBTQ+ refers to individuals who identify as Two Spirit, Lesbian, Gay, Bisexual, Trans, Queer (or Questioning), Intersex, and/or Asexual, and;
  • Gender diverse refers to individuals whose gender identity or gender expression does not conform to the socially-defined gender binary framework

In addition to the applicant’s eligibility, the company should:

  • Own the intellectual property of any technology relevant to the application.
  • Not be a subsidiary of a larger parent company that would otherwise not be eligible for the award.
  • Have the potential to significantly reduce GHG emissions.
  • Be proprietary and/or patentable.
  • Have the potential to be scaled globally for major impact.
  • Be a small and mid-sized enterprise (SME) as defined by Innovation, Science and Economic Development (ISED) Canada, and;
  • Fall within TRL3 and TRL5 on the nine-point Technology Readiness Level spectrum – as defined below:
    • TRL 3: Active research and development is initiated.
    • TRL 4: Basic testing to validate the technology in a laboratory/controlled setting.
    • TRL 5: Component and/or validation in a simulated environment.

To sponsor this award, please contact philanthropy@marsdd.com

Applications are now closed