Greenbackers is supporting the Low Carbon and Circular Economy Business Action in Canada (LCBA Canada) project, a bilateral cooperation action funded by the European Union to move toward a clean circular economy using a business opportunity-driven approach. If you are thinking about North American expansion, this program can provide you with free support.
Background: the project facilitates business collaboration between Canadian Buyers and EU innovations that have a distinct positive environmental impact, are scalable, reflect a sound return on investment, and enable innovative technology transfer and business transactions.
LCBA Canada aligns with, and supports environmental policy objectives in both the EU and Canada, including:
- EU’s climate change commitment to the Paris Agreement
- Environmental & Business priorities of the EU Green Deal
- Canadian Net-Zero Accountability Act
- Pan-Canadian Framework on Clean Growth and Climate change
Due to the success achieved in the first phase of implementation, the European Union awarded LCBA Canada with a second phase of implementation. The project will continue to support European and Canadian companies for another 3.5 years, until March 2028.
How this Program Can Help You
The LCBA Canada project provides benefits through the following free support:
- Market Intelligence and Regulatory Expertise
Custom and proprietary market intelligence and information / resources to help EU companies do business in Canada. - High Quality Leads and Matchmaking
Matchmaking through pre-identified Canadian market opportunities, to Canadian buyers, distribution partners, funders, and investors. - Dealmaking Facilitation and Navigation
Technical expert support to facilitate the match to deal closing including: funding identification, regulatory advice, pilot site identification, and feasibility assessments. - Environmental Impact Assessment Services
Environmental technical assistance to calculate the net environmental impact of potential deals. - Global Marketing and Recognition
Successful partnerships receive the EU-branded LCBA Seal, an international recognition of sustainable business innovation.
Successes from Phase 1
Throughout the first four years of implementation (September 2020-June 2024), LCBA Canada´s Phase I achievements encompassed:
- LCBA Canada reached more than 2,000 EU companies with information about market opportunities available in Canada
- A total of 400 potential Canadian buyers were identified and engaged. Buyers range from large Canadian corporates to Canadian small-and-medium-enterprises (SMEs), municipal governments and their economic development offices, and even First Nations communities
- These Canadian buyers provided a total of 103 challenges or unique market opportunities
- A total of 159 EU companies submitted applications to pitch solutions to these challenges
- LCBA Canada facilitated a total of 100 pitches by EU innovators and an additional 100+ technical meetings between buyers and EU innovators
- A total of 53 partnerships were accelerated by the projectthrough Joint Business Concept (JBC) signature and technical assistance delivery, with a cumulative expected value of EUR 211 million
- In terms of the environmental impact of the project supported, the project is facilitating significant environmental benefits1, illustrated in the table below:
- A total of 14 EU Member States were represented by the partnerships we accelerated
- There are 9 business deals signed to date, and the project expects that several more JBCs will become business deals as the partnerships continue to advance.
For more information about LCBA Canada or the Phase II Launch Event please reach out to:
Jose Canjura – Project Team Leader – [email protected] or visit the website: https://lcbacanada.com
1Numbers are estimates only, presented are the cumulative amount for each category’s projected quarterly impact to the end of 2026.
