Amount: maximum 50% of total project cost up to $10M per project.
The Investments in Forest Industry Transformation (IFIT) program is providing capital funding to support transformational projects by forest sector firms to diversify into new product streams and ensure industry competitiveness.
Eligibility Criteria
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.
Program Streams
- 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.
- Studies
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.
Eligible Project Categories
The proposed project must clearly fall under one of the IFIT program’s four targeted innovation categories:
- Advanced Biomaterials and Biochemicals
- Pulp and Paper Diversification
- Next Generation Building Products
- Liquid and Gaseous Biofuels
Amount
Maximum 50% of total project cost up to $10M per project.
Deadline
Window 1: Apply by September 30, 2023 for a decision by February 29, 2024.
Window 2: Apply by December 31, 2023 for a decision by May 31, 2024.
Window 3: Apply by March 31, 2024 for a decision by August 31, 2024.
Window 4: Apply by June 30, 2024 for a decision by November 30, 2024.
