FPInnovations received a big boost thanks to a $525,600 cheque from FedNor earlier in the week.
Wth the new cash influx, FPI will deliver the Ontario Forest Sector Capacity Building initiative aimed at encouraging innovation and technology uptake within Northern and Indigenous forestry businesses.
"This strategic investment will support Northern Ontario-based research staff and relevant FPI support staff in connecting research directly to forest sector businesses, helping them to build their technical and human resources capacity. The project goals are to implement innovation, foster investment, grow skilled employment, and achieve a tangible economic impact in Northern and Indigenous communities," a FedNor release stated.
“Small and medium-sized businesses are the cornerstone of the Canadian economy and Nipissing—Timiskaming is no exception. The investments announced today are paving the way for local businesses to scale up, become more competitive and thrive in the global economy while creating quality jobs for residents throughout the region,” stated Anthony Rota, Member of Parliament, Nipissing-Timiskaming in a release.
Stephane Renou, President and Chiee Executive Officer with FPInnovations, says they look forward to working with the Northern Ontario forest and wood products sector to help them mitigate challenges related to COVID-19.
"This initiative will directly support those businesses and workers impacted by the pandemic, allowing them to improve productivity and their bottom line, and to learn about and implement the very best practices and efficiencies for day-to-day operations and associated jobs across the value chain,” said Renou.
FPInnovations is a not-for-profit organization that specializes in the creation of innovative scientific solutions to support the competitiveness of Canada’s forest sector.