As a part of Ontario’s action on Climate Change, the Ministry of Research, Innovation and Science is pleased to announce the launch of the Low-Carbon Innovation Fund (LCIF).
The LCIF is a discretionary, competitive, application-based grant program aimed at supporting game-changing technologies that demonstrate significant potential to reduce greenhouse gas (GHG) emissions. The LCIF addresses key technical and market barriers that inhibit clean technology development and commercialization.
It is anticipated that LCIF supported projects will lead to the commercialization of market-competitive low-carbon technology solutions. The Ministry is inviting eligible companies, academic institutions, and entrepreneurs with innovative or transformative GHG-reducing technologies to apply.
The LCIF Program
LCIF supports a broad spectrum of technology validation, and technology demonstration projects, including:
- Technology Validation (e.g. proof-of-concept and prototype development) – expected to accept applications in Fall 2017
- First time application of a GHG reduction technology that addresses a specific need
- The use of a proven technology application that has been successful in a different sector/industry, but is unproven in the proposed application
- Projects demonstrating a significant improvement or enhancement to an existing GHG reduction technology solution.
For 2017/2018, the LCIF program will have two streams focusing on early and mid-stage technologies
Stream 1: Technology Validation (expected to accept applications in Fall 2017)
This stream will support proof-of-concept and prototyping of earlier stage technologies with significant potential to reduce GHG emissions. Funding for successful Applicants and Applicant contribution levels will be announced as a part of Stream 1 launch (anticipated Fall 2017).
Stream 2: Technology Demonstration
This stream will provide $250,000 to $2 million per project to support the technical scale-up and commercialization of innovative low carbon technologies in a real world, operational demonstration project. Successful applicants to this stream must provide between 50% of total eligible project costs.
Please visit Low Carbon Innovation Fund website to learn more about the program streams, eligibility requirements and the application process.