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Investments in Forest Industry Transformation (IFIT) │Natural Resources Canada (NRCAN)

June 30, 2024

Value

Varies.

Description

the Investments in Forest Industry Transformation (IFIT) program facilitates the adoption of transformative technologies and products in the Canadian forest sector by bridging the gap between development and commercialization. The program aims to create a more competitive, resilient, and environmentally sustainable sector with a focus on innovative, low-carbon projects that result in new or diversified revenue streams.

Eligible Applicants

IFIT funding is open to the following applicants:

  • Legal entities validly incorporated or registered in Canada including:
    • for-profit and not-for-profit organizations such as companies, industry associations, and research associations
    • Indigenous organizations and groups
  • Provincial, territorial, regional, and municipal governments and their departments and agencies where applicable

Eligible Expenses

The IFIT program is delivered through two streams: capital investment projects and studies.

  • Capital Investment projects – The IFIT capital investment projects stream provides non-repayable contributions of up to $10 million of a project’s eligible costs to enable forest sector firms to adopt transformational technologies and diversify product streams, ensuring industry competitiveness and greater environmental outcomes. Deadline: Open for applications.
  • Studies projects – The IFIT studies stream provides non-repayable contributions of up to $1 million of a project’s eligible costs for studies linked to the advancement of innovation in the forest sector in support of a future capital investment or a strategic shift by forest sector firms.

Deadline Date

June 30, 2024

Contact

Contact Name: IFIT team

E-mail Address: ifit-itif@nrcan-rncan.gc.ca

Website: https://natural-resources.canada.ca/science-and-data/funding-partnerships/opportunities/forest-sector/investments-forest-industry-transformation/13139

Industry:

Energy & Environment, Indigenous, Municipalities, Non-Profit, Software/Technology

Location:

Alberta, British Colombia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Nunavut, NWT, Ontario, PEI, Quebec, Saskatchewan, Yukon

Tags:

ABmunis, Cleantech, Forestry, Innovation

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