Forsite Named Winner of the FPInnovations – Foresight Challenge

Foresight and FPInnovations announced that Object Raku Technology, with its project partner Forsite Consultants Ltd., has been selected as the winner of the FPInnovations – Foresight Challenge (formerly the ARCTIC Innovation Challenge). These companies have been awarded a $200,000 contract to further advance technologies and techniques for rapidly producing more accurate and more detailed LiDAR-based forest inventories. The partners will develop and test a new hybrid LiDAR approach that uses area-based and individual tree-based LiDAR inventories. When combined with traditional survey plot and terrestrial LiDAR data, this information will accurately identify tree species, stem counts, and diameters, leading to a much better understanding of the ecological and economic value of our forests.