ANNOUNCED AS TEMPORARYNo
A further component of the package is Can.$55 million (US$42 million) over three years in the Investments in Forest Industry Transformation (IFIT) program. Created in 2010, the IFIT program offers non-repayable contributions to successful applicants in the Canadian forestry industry to implement innovative, first-in-kind technologies in their facilities. The goal of the program is to provide funding for projects at the pilot to commercialization phase, with the intent of helping these technologies get to market. The average annual funding prior to this latest announcement was Can.$21 million (US$16 million).
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