Forestry is considered a mature industry in our area. Saying that, it doesn’t mean that there aren’t new and innovative ideas out there. The Northern Development Initiative Trust wants to know what is out there and would help new ideas come to fruition.
The Forest Innovation Fund provides up to 50% to a maximum of $50,000 in grant funding for small and medium companies to support research and development, innovative technologies, and new or improved products to optimize the fibre supply in Mountain Pine Beetle affected areas.
The fund is part of the Trust’s ongoing response to the Mountain Pine Beetle epidemic, which is anticipated to result in fibre supply reductions in the coming years that will impact jobs and communities in pine beetle affected areas.
The Forest Innovation Fund will focus on support for small and medium-sized enterprises, filing a funding gap in the current innovation landscape that will create positive results for the region’s entrepreneurs and the communities they call home.
Contact Sara Hipson at the Northern Development Initiative Trust to learn more.