Vancouver-based NorthX Climate Tech has teamed up with Scotiabank, through Roynat Capital, to accelerate opportunities for women innovators building climate hard tech solutions across Canada.
The partnership, announced earlier this week, will expand access to networks, capital, and visibility for women founders—a group still underrepresented in Canada’s innovation economy.
“At NorthX, we’re supporting bold, scalable solutions that are designed to drive decarbonization and unlock real economic growth,” said Sarah Goodman, CEO of NorthX Climate Tech. “Together with Scotiabank, we’re uniting a community of innovators with financial experts dedicated to helping more women-led companies grow and lead—while shaping the future of climate technology in Canada.”
Why it matters: Canada’s climate targets rely heavily on technologies that can reduce emissions in hard-to-decarbonize industries like transportation, construction, and bio-industrials. Yet women-led ventures often face disproportionate barriers in accessing funding and networks. Increasing the number of women-owned SMEs by just 10 percent could add an estimated $198 billion to Canada’s GDP, according to MaRS Discovery District.
Scotiabank sees the collaboration as a chance to bridge that gap. “Unlocking the full potential of Canada’s innovation economy means ensuring diverse voices have a seat at the table—especially in sectors as critical as climate technology,” said David Rozin, vice president and head, technology and innovation banking at Roynat Capital. “We’re proud to help empower more women entrepreneurs to scale bold solutions that address climate challenges and drive sustainable growth across Canada.”
Building on momentum: This spring, NorthX invested $2.46 million into five women-led climate ventures through its inaugural Women in Climate Tech Call for Innovation. The companies are developing technologies ranging from carbon-negative building materials to clean hydrogen storage.
The big picture: NorthX says their new agreement with Scotiabank is about creating an ecosystem where women founders don’t just compete but thrive—helping position Canada as a global leader in climate innovation. Together, the organizations plan to spotlight founders, expand financial pathways, and build a stronger, more resilient innovation economy.