NorthX Climate Tech and Scotiabank, through Roynat Capital, have announced a new strategic agreement to accelerate opportunities for women innovators advancing climate hard tech solutions across Canada. The partnership reflects a shared commitment to advancing equity in entrepreneurship and scaling Canadian climate solutions with global impact.
“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.”
The collaboration is backed by The Scotiabank Women Initiative, a program designed to help women succeed on their own terms. For NorthX, the agreement strengthens its mandate to fund and scale climate technologies that matter—and fast.
“At Scotiabank, we believe that 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 of Technology & Innovation Banking at Roynat Capital.
“Through our collaboration with NorthX and support for the Women in Climate Tech initiative, we’re proud to help empower more women entrepreneurs to scale bold solutions that address climate challenges and drive sustainable growth across Canada.”
The partnership builds on NorthX’s early track record of spotlighting and investing in women-led ventures. In April, NorthX committed $2.46 million to five women-led climate tech companies through its inaugural Women in Climate Tech Call for Innovation. Each company was selected for its potential to deliver scalable climate impact and economic benefit.
By expanding access to networks, capital, and visibility, NorthX and Scotiabank aim to accelerate progress toward both climate and equity goals—while building a stronger, more resilient Canadian innovation economy.
This collaboration arrives at a time when Canada’s climate tech sector is gaining momentum, but women remain underrepresented in the space. By combining financial expertise with climate-focused innovation, NorthX and Scotiabank are helping to close that gap, ensuring that the transition to a low-carbon economy reflects the diversity of the country it serves.