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).
Quick View
Funding Amount
IFIT’s Capital Investment Projects Stream funds up to a maximum $10M per project, while the Studies Stream provides grants of $100K-$500K.
Eligible Applicants
For-profit businesses and organizations of all sizes operating in the forestry sector in Canada are eligible to apply.
800+
Annual Funding Applications Supported
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Give your application the best chance of approval. Ryan supports the writing of applications for more than 100 Canadian federal and provincial government grants, tax credits, and no-interest loan programs.
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.
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.
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.
Program Deadline
Speak with a member of our team to find the latest intake period info for this program or subscribe to our newsletter to be notified.
Averaging of
Time Saving
95%
throughout the application process
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Successfully applying for the right funding program at the right time, focusing on the right topics is no easy challenge. We provide an average 95% time savings to our clients, compared to businesses that apply for funding in-house.
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