GreenCentre Announces 3rd IHC4 Competition
GreenCentre Canada is excited to announce our 3rd InnovationHouse Chemistry Countering Climate Change (IHC4) Competition.
The IHC4 Competiton was created to provide development support to SMEs and entrepreneurs currently registered to do business or conducting research in Ontario who are developing technologies that have the potential to reduce greenhouse gas emissions. Finalists will be invited to present their technology, business case, and potential project in a lively and interactive competitive style to a panel of experts. They will be competing for the opportunity to access GreenCentre’s services and expertise to complete a development project, at no cost to the client.
Services offered include, proof of concept, product development, market analysis, scale-up and launch services. Successful applicants will also be eligible to leverage GreenCentre’s partnership with Launch Lab and the InnovationXL resources of Queen’s University in Kingston for additional mentorship services and incubator space.
This initiative provides GreenCentre with yet another avenue to continue supporting small-to-medium-sized enterprises (SMEs), researchers, and entrepreneurs looking to develop, de-risk, and scale up chemistry and materials-based 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 Competition Guidelines, Criteria, Application and Deadlines are available through GreenCentre’s InnovationHouse, www.gccinnovationhouse.com.