NBIF is partnering Foresight Canada to open the Industry Challenge through the Climate Impact Fund with Opportunities New Brunswick. This program will identify solutions for a CleanTech or sustainability challenge faced by a New Brunswick company.
NBIF invites New Brunswick companies to submit their challenges. The selected company will help choose innovative solutions from across Canada, with the winning solution piloted and partially funded through the Climate Impact Fund.
Our Approach
This is a partnership with Foresight Canada, Canada’s leading CleanTech and a champion for CleanTech adoption. The Industry Challenge will identify solutions addressing a CleanTech or sustainability challenge of a leading New Brunswick company. NBIF is calling for New Brunswick companies to submit their emissions reduction/sustainability challenge to be considered as the Industry Challenge topic. The New Brunswick company selected will be the challenge proponent and will be engaged to identify and select potential innovative solutions offered by companies nationwide. Success of this program would result in the New Brunswick proponent company finding an impactful solution to their sustainability challenge, and result in a pilot project to develop and implement the solution at the New Brunswick company that would be funded in-part through the Climate Impact Fund.
There is no cost for companies to submit a challenge topic. The company selected to participate will have the option to engage the solution provider in a pilot project funded in part by NBIF.
Challenge submissions are open to all New Brunswick companies and New Brunswick Industry associations. However, priority sectors include fisheries/aquaculture, energy, manufacturing, transportation, construction, forestry and forest products.
The selected company will be engaged in the project and will be asked to complete a report on the experience and company outcomes.
Submissions will be evaluated in consultation with Foresight Canada and will be scored according to the following criteria:
• Potential suitability for the challenge process (including potential for adoption of a technology and development of solutions at an appropriate level of technical development).
• Potential for the environmental impact of the solution with a focus on the quantity of the emissions reduction potential for solutions.
• Connecting the potential of a solution to a business advantage for the company
• Potential for economic impact in New Brunswick and or connection to the above-mentioned priority sectors.
Shortlisted applicants may be contacted for further information and a discussion of challenge suitability.
Following the selection of the challenge topic, the Industry Challenge will be run by Foresight Canada, a national partner for the acceleration and adoption of clean technology in Industry.
Opens October 14. Applications accepted until October 31, 2024.
The challenge will open in November 2024 and run until January 2025. We anticipate a winning solution to be determined by February 2025 and a potential pilot project between the New Brunswick proponent company and the solution provider will be supported in spring of 2025.
Contact us at programs@nbif.ca.