New funding opens for industry innovation
Northern Development Initiative Trust has announced two new funding programs to support innovation in forestry, as priority, but also mining, energy, agriculture and aquaculture. Priority is on to projects in communities impacted by the mountain pine beetle epidemic, but it’s not exclusive to those, and other innovative projects would be considered. The Northern Industries Innovation Fund is a restructured Forest Innovation Fund with up to $750,000 annually for innovative industry projects for privately-owned, northern, incorporated companies with less than 500 employees. …The second fund, the strategic initiatives fund, is for municipalities and First Nations for projects that focus on long-term economic transformation and sustainability. It has a $900,000 budget.
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