News release – Feb 4, 2021
The Forestry Innovation Transition Trust is helping to bring innovation to the forefront of the Nova Scotia forestry sector.
The Trust announced three more projects today, Feb 4, that allows businesses focused on new ecological forestry practices to tap into additional expertise to get their products ready for market.
The Innovation Hub of Nova Scotia Inc. will receive $921,000 to support forestry related bioeconomy clients at the pre-commercial stage to overcome technical and business hurdles in their development. The Hub and its partners are working to transform Nova Scotia’s renewable resources and underused waste streams into economic opportunities for the province by producing sustainable, renewable and recyclable products.
The Verschuren Centre for Sustainability in Energy and the Environment (VC Inc.) at Cape Breton University is receiving $672,500 over the next six months to support the development of a Bio-technology Acceleration Centre to help advance key forestry and biomass sector innovative technology companies towards commercialization.
Genome Atlantic will receive $315,500 over four years to support The Atlantic Tree Improvement Council (AtlanTIC) in producing more resilient, commercially important tree species in Nova Scotia.
It will include collaborative breeding, field testing, and new tree improvement technologies such as genomics, which have been shown to shorten breeding cycles and increase growth rate, wood quality, pest resistance and adaptation to climate change.