Investments in Forest Industry Transformation (IFIT) Program
Receive up to $100k to $10M in Government Funding.
Originally launched in 2010 by the Government of Canada through Natural Resources Canada (NRC), the Investments in Forest Industry Transformation (IFIT) program exists to address a critical need for capital investment in new forest industry technologies that innovate, diversify, and bring new jobs to the ever-growing Canadian forest industry. The program was renewed in 2020, with $82.9 million of funding to be distributed over three years among two streams: Capital Investment Projects (Stream 1) and Studies (Stream 2).
Investments in Forest Industry Transformation (IFIT) Program
Amount of Funding
Funding allotment varies according to stream:
Capital Investment Stream: Applicants may receive up to 50% of total project costs to a maximum amount of $10 million.
Studies Stream: Applicants may receive up to 50% of total project costs to a maximum amount of $500,000.
Investments in Forest Industry Transformation (IFIT) Program
Eligible Applicants
Applicant eligibility is the same for both IFIT streams:
- Applicants may be eligible if they are for-profit organizations located in Canada; and
- Must produce forest products in a current facility or will be entering the forest sector via the project application.
Investments in Forest Industry Transformation (IFIT) Program
Eligible Activities
Project Eligibility varies according to each stream but applicants must meet all criteria to be considered:
Capital Investment Stream:
- Must be currently associated with current industrial processes in the forest sector and located in Canada;
- Applicants are heavily based on wood fibre;
- Are implementing an innovative enhancement in technology for the production of bioproducts to continue Canada’s position as a world-leader in forestry; and
- Diversifies the Canadian product mix in the forest sector.
Studies Stream:
- Studies support the initial technology investment, process, and product trial to bring the initiatives closer to commercialization; or
- Studies help get an eventual demonstration or commercialization of an innovative technology or product development.
Investments in Forest Industry Transformation (IFIT) Program
Program Deadline
Speak with a member of our team about current intakes for this program and other funding programs your business may be eligible for.