Applications Open for Second Round of Forestry Innovation Fund Nov. 1
Applications for the second round of the Forestry Innovation Transition Trust will be accepted in November. Applications open Sunday, Nov. 1 and close Monday, Nov. 30.
The $50-million fund was announced in February to continue to advance the transition and development of Nova Scotia’s forestry sector. Twenty-two applications were received in the first round. Those applications are being reviewed with decisions expected in early December.
The trust may be used by companies, organizations or post-secondary institutions working and researching in the forestry and biological resources sectors. A three-member trustee board will review submissions and make spending decisions.
An application guide and forms are online at https://novascotia.ca/forestry-trust/ .
The trustees and I have been impressed by the ideas that have come forward to develop new markets and products. Applications from the first round cover a range of sector issues and are from a diverse mix of private sector, industry and research groups. We look forward to seeing more innovative proposals to advance ecological forestry and secure the future of the sector.
Sandra McKenzie, chair, Forestry Innovation Transition Trust board
- projects may include the development of high-value products and/or new and enhanced business models, processes or services, inclusive economic growth opportunities and new ecological services
- forestry workers may also seek funding to support training or retraining, if other education funding sources have been exhausted
- advice and guidance on proposals will be sought from sector leaders and innovators
- the fund will be available until March 31, 2025, or when the funds have been spent
- trustees are chair Sandra McKenzie, Douglas Hall and David Saxton
Government’s forestry sector support website is at: https://novascotia.ca/forestry-sector-support/
A new vision for the forestry sector, developed by the Forestry Transition Team, is available at https://novascotia.ca/forestry-sector-support/transition.asp