$10 Million in funding is available for forestry projects!
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.
As part of its 2023 renewal, the IFIT program will increase its efforts to help improve the environmental performance of the forest sector by supporting demonstration and adoption projects that contribute to the decarbonization of industrial processes, as well as the efficient use of resources that generates more value from the same amount of wood. In addition to continuing to fund projects that produce renewable energy and sustainable bioproducts, IFIT will seek to invest in projects that integrate technologies leading to greater energy efficiency and explore bioenergy carbon capture in forest sector operations. These investments will enable the next wave of innovation, solidifying Canada’s position as a leader in forest sector transformation.