Following the success of their first IHC4 competition for small and medium enterprises (SMEs) in 2016, GreenCentre is pleased to announce the launch of the second IHC4 SME Competition. Applications are open now until March 29, 2017. GreenCentre accepts applications from innovators and entrepreneurs developing chemistry- and materials-based technologies that have the potential to counter climate change by reducing greenhouse gas emissions.
The IHC4 SME Competition allows GreenCentre to directly support SMEs in the development of climate-change-fighting technologies. Finalists will present their technology, business case, and potential project in a lively and interactive competitive style to a panel of experts, competing for the access to GreenCentre’s services and expertise to complete a development project, at no cost to the client. GreenCentre will also work with the finalists ahead of time to help them refine their business plan and prepare their presentations. This initiative provides GreenCentre with yet another avenue to continue supporting SMEs, researchers, and entrepreneurs looking to develop, de-risk, and scale up innovations that will reduce greenhouse gas emissions and counter climate change.
The integral role of chemistry in today’s economy means that chemistry innovations will be critical in the battle against climate change. However, reducing greenhouse gas emissions while enhancing economic prosperity and social well-being is not a trivial exercise. To be effective, these innovations and advancements should ideally:
Reduce the amount of energy required to use a product
- Reduce the amount of energy used in an industrial process or facility
- Reduce the number or amounts of required inputs or waste outputs generated during production
- Enable the technical application and economic commercialization of a related innovation
Enable changes to business models or processes that eliminate or reduce transport requirements
GreenCentre is uniquely positioned to deploy its resources, network of relationships, and expertise to advance new innovative technologies to meet these goals. It will aggressively accelerate the commercialization and scale-up of technologies that will reduce greenhouse gas emissions, increase energy efficiency, and support cleantech innovation and job creation. In so doing, GreenCentre will advance an innovation-driven, knowledge-based economy that leverages entrepreneurial spirit, technological skills and expertise, and provides a strong and reliable career path for Canadian scientists and science-based entrepreneurs.
The IHC4 SME Competition Guidelines, Criteria, Application Form, and Deadlines are available through GreenCentre’s InnovationHouse at www.gccinnovationhouse.com.