Small clean-tech businesses busy building green alternatives hub

Vancouver home to Canada’s highest concentration of companies in this sector: report
Terramera chief of staff Jenna Bayuk holding plants treated with non-traditional pesticides | Chung Chow

Small businesses are establishing Vancouver as a clean-technology hub.

The city now has Canada’s largest concentration of clean-tech companies, and 79%, according to a KPMG report, are small businesses.

“If you talk to the clean-tech companies, most of them started with just a few people trying to solve a major problem,” said Karn Manhas, founder and CEO of Terramera,,a Vancouver-based biopesticide company.

Terramera was no different.

Manhas started the company in his basement to find an environmentally friendly alternative to chemical pesticides. Manhas and Terramera now occupy an office space on Seymour Street and have an off-site laboratory.

While Vancouver’s clean-tech sector is primarily composed of small businesses, the industry should not be underestimated.

“Most of the clean-tech companies are small businesses, but many are also growing very fast,” said Manhas.

Terramera, he said, has quadrupled in the last 18 months.

The industry is also expected to grow exponentially. KPMG predicts that B.C.’s clean-tech sector will generate revenue of $2.9 billion in 2017, a 61% increase from 2016’s $1.8 billion.

Growth in the clean-tech sector depends on continued innovation and lower prices because success for companies depends on their green alternatives working better and being cheaper than their conventional counterparts.

Minto Roy, co-founder of Social Print Paper, told Business in Vancouver that his company’s treeless commercial printer paper had to perform better and be a less expensive alternative than its competitors if it hoped to be  successful.

The same game plan has also been essential to Terramera’s success.

Because many of Terra
mera’s customers are businesses, operating cost savings increase overall profits. Price competitiveness is a necessary component because often businesses are not willing to sacrifice profit for environmental considerations.

Clean-tech companies also have to convince consumers and investors that their green product is as good as or better than traditional products.

Terramera developed technology that targets organic compounds more effectively. It also uses its proprietary technology to develop its own products. 

comments powered by Disqus

More from Environment & Sustainability

B.C. newspaper chains launch mass recycling plan

Read Article

Infographic: Renewable energy in Canada

Canada is a world leader when it comes to renewable energy. This infographic breaks down some of the details.

Read Article

Moving the country’s freight sector to greener pastures

Industry produces 10% of Canada’s GHGs; lower emission fuels good for B.C.

Read Article

Factoring carbon liability into your investments

Study finds 10% of Canadian companies account for 80% of carbon intensity

Read Article

How will BC NDP spend federal low-carbon funding?

New B.C. government will have to determine what its priorities are by the fall

Read Article

Subscribe to our mailing lists

You may withdraw your consent at any time.

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
Business in Vancouver Media Group
303 West 5th Avenue, Vancouver, British Columbia
V5Y 1J6 · Canada
604-688-2398
×