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Key Findings of 2 nd Interim Evaluation

Te results of SDTC’s second interim evaluation were released in June 2009. Some of the key fndings include:

• Te rationale for the SD Tech Fund is strongly supported, with the Fund aligned to the current priorities of the

Government of Canada.

• Te need for SDTC funding still exists, with the Fund not displacing private sector funding.

• Based on 25 projects, the Fund provides an estimated net present value of total quantifable benefts (economic,

environmental and social) of between $446M and $1.1B. A central estimate of $750M is equivalent to 12 times the public

funds invested by SDTC into these projects.

• A sensitivity analysis showed that even the most pessimistic scenario for sales and GHG emission reduction forecasts

supports the view that total benefts outweigh total costs.

Te interim evaluation is carried out by an independent third party and assesses whether the SD Tech Fund is meeting its

purposes and objectives, including an evaluation, in aggregate, of project and market impact of funded projects. Te evaluation

is modeled afer similar Treasury Board evaluation frameworks.

SDTC asset allocations

SDTC invests its undisbursed funds in eligible securities as shown below in accordance with the guidelines of its

Funding Agreements.

SDTC’s Grant Investment Portfolio of Eligible Securities (as of December 31, 2009)

Rating Current % Maximum Available % 1. Government AAA 36.6% No Limit No Limit 2. Government AA 17.0% No Limit No Limit 3. Government A 2.6% No Limit No Limit 4. Other AAA 7.3% 80.0% 72.7% 5. Other AA 17.3% 70.0% 52.7% 6. Other A 9.6% 20.0% 10.4%

1 2

7

6

3 4

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