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/ .
Quotes:
“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
Quick Facts:
- 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
Additional Resources:
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