INITIATIVE OVERVIEW

Bridging Canada’s commercialization gap

Dozens of Canadian climate tech companies will be ready to launch commercial-scale deployments in the next few years. That is, if they can cross the “missing middle” — that perilous stage between lab and market when their need for support from investors and institutions is most acute.

The MaRS FOAK Lab was created to help make the journey for founders building first-of-a-kind projects in the $50-million to $200-million range a little easier, by connecting them to domestic and international expertise, financing strategies and cross-sector partnerships they need for their first commercial deployment.

Bridging Canada’s commercialization gap

Accelerator objectives

This accelerator aims to support FOAK deployments in four ways:

  • Education: Specialized programming and peer learning sessions will cover project financing, strategic partnerships and the essential steps needed to prepare commercial projects for success.
  • Project readiness: Each venture is paired with a team of industry advisors to help produce a financial model and project framework for their FOAK that clearly identifies opportunities and potential risks.
  • Connections: Curated introductions and demo days will give ventures access to potential funders, customers and offtake partners, along with legal advisory on IP governance and contracting.
  • Visibility: PR support, articles, case studies, speaking engagements and other opportunities will help ventures gain media exposure and increase public awareness of their company.

Accelerator objectives

The MaRS FOAK Lab has recruited five high-potential climate tech ventures for the 2026 cohort of this annual program. If you have any questions, or would like to learn more, please email FOAK program manager Hailee Voegelin.

 
This program is made possible in 2026 with support from Natural Resources Canada and the Chisholm Thomson Family Foundation.

THE TEAM
Derek Chu

Derek Chu

Partner, Energy Transition, M&A and Capital Raising, PwC Canada

Derek Chu

At PwC, Derek is a deals partner in the capital projects and infrastructure practice, focusing on energy transition. He specializes in M&A advisory, equity and debt capital raising for utilities, renewable and clean power generation companies and assets. Derek has spent more than 16 years in the power and utilities sector as a lead advisor on several cross-border M&A utility acquisitions, renewable and thermal asset transactions and public and private equity and debt financings.

Tyler Hamilton

Tyler Hamilton

Senior Director, Climate, MaRS

Tyler Hamilton

Tyler guides all climate-related activities for ventures, corporate partners and investors, including the flagship Mission from MaRS program. He is also on the board of the Ontario Clean Technology Industry Association (OCTIA) and a member of the XPRIZE Brain Trust. Previous to joining MaRS, Tyler spent two decades as a journalist and wrote extensively about Canada’s clean technology sector and global cleantech trends. Most recently he was editor-in-chief of business and sustainability magazine Corporate Knights. He also spent 13 years at the Toronto Star, where he reported on Canada’s energy sector and wrote a popular weekly column on clean energy technologies and trends.

Eric Lieder

Eric Lieder

Founder and Co-managing Partner, LARIC Capital

Eric Lieder

A chartered financial analyst charterholder, Eric has spent more than 25 years structuring financing, raising debt and placing equity for infrastructure projects across North America. He is currently advising the Global Climate Finance Accelerator on the best strategies for funding, business cases, financial modelling and more.

Susan McGeachie

Susan McGeachie

Founding Partner, Global Climate Finance Accelerator

Susan McGeachie

For more than 25 years, Susan has managed large and technically complex projects for finance and industrial clients. As the founder of the GCFA, Susan identifies and manages risks and develops strategic positioning opportunities for technically viable climate solutions. In addition, she is an executive-in-residence at the University of Toronto’s Rotman School of Management, and is an adjunct professor of climate finance at the university’s School of the Environment. Susan will act as a senior advisor to the FOAK Lab.

Gregorio Oberti

Gregorio Oberti

Partner, Deals Utilities Sector Leader, PwC Canada

Gregorio Oberti

Greg has more than 20 years of experience and has worked in more than 15 countries assisting clients and colleagues on large-scale infrastructure projects in Africa, Central America, South-East Asia, Australia, Canada and Europe. Outside of the office, Greg is an adjunct professor at the University of British Columbia where he teaches infrastructure and public sector finance, and teaches undergraduate- and MBA-level courses on project finance at the University of Calgary.

Wendy Potomski

Wendy Potomski

Executive Director, Global Climate Finance Accelerator

Wendy Potomski

With more than 30 years of senior consulting experience, Wendy helps to bridge the gap between climate innovation and financial viability. She specializes in finance and operational effectiveness, investment analysis, capital raising, business case development, climate program development and public-private partnerships. Throughout her career, she has helped implement frameworks to de-risk 16 grid-modernization projects. As executive director, she leads the GCFA’s efforts to finance and execute programs that address critical environmental challenges.

Hailee Voegelin

Hailee Voegelin

Program Manager, Cohorts, MaRS

Hailee Voegelin

Hailee is the program manager for the FOAK (First of a Kind) Lab and the RBC Women in Cleantech program, where she supports founders working to scale and commercialize cleantech solutions. Prior to joining MaRS, Hailee was part of the team at Manifest Climate, a Toronto-based climate tech startup helping organizations navigate climate-related risk and disclosure. At PwC Canada, she worked with financial institutions, utilities and public sector organizations on climate strategy and ESG reporting, translating complex sustainability challenges into actionable solutions.

Alex Zakreski

Alex Zakreski

Senior Manager, Cleantech Ecosystems, MaRS

Alex Zakreski

At MaRS, Alex helps to accelerate the growth of Canadian cleantech ventures by connecting them to capital providers, potential customers and MaRS network partners. Alex has nearly a decade of experience in climate innovation, holding numerous venture, corporate and investor-facing roles. She spent nearly four years in London, U.K. — most recently on the innovation team at DS Smith, the world’s largest manufacturer of fibre-based packaging, where she sourced and scaled partnerships to bring new products and services to market. Alex also managed the European and Asian partner networks at Cleantech Group.

Amit Modi

Amit Modi

Founder, FGS

Amit Modi

Amit Modi is the founder of FGS (www.fgs.dev), an execution-focused project development firm that helps emerging climate technology companies get their first commercial projects built. FGS works as an embedded development partner, providing the strategic, technical, commercial, and financing support required to move complex projects from concept to bankable, build-ready opportunities.

Amit brings over 20 years of global experience developing and financing unique, infrastructure projects across the energy, transportation, and social sectors. Over the course of his career, he has led more than USD 5 billion in sustainable infrastructure transactions, guiding projects from early-stage concept development through structuring, contracting, and financial close.

Ziyad Rahme

Ziyad Rahme

Advisor, Cleantech

Ziyad Rahme

Scale-up experience:

  • COO and Acting CEO, Sustainable Development Technology Canada (SDTC)
    • Oversaw operations, strategy and ecosystem partnerships for a national $20-million organization funding Canada’s leading cleantech ventures.
    • Led corporate transformation and stakeholder engagement across government and industry to advance sustainable innovation.
  • EVP, Operations and Engineering, Iogen Corporation
    • Led the commercialization and scale-up of cellulosic ethanol technology through a U.S.$105-million industrial facility with Raízen (Brazil).
Noteworthy:
  • Directed $190–200 million annually in cleantech investments, approving more than $800 million into 200+ projects driving environmental and economic impact as VP Investments at SDTC.
  • 25+ years of experience in cleantech innovation, impact investment and technology commercialization.
Ask me about:
  • Scaling cleantech ventures and technology commercialization
  • Impact investment strategy and portfolio management
  • Public-private partnerships and sustainable innovation policy
  • Organizational leadership, governance and stakeholder relations