Investments in Forest Industry Transformation (IFIT)

Investments in Forest Industry Transformation (IFIT) Performance Report: 2010-2014

IFIT Performance Report: 2010-2014

Follow the progress of funded projects and see the outcomes realized by forest product companies across Canada.

The Investments in Forest Industry Transformation (IFIT) program was created in 2010 to support Canada’s forest sector in becoming more economically competitive and environmentally sustainable. The initial four-year $100-million initiative supported forest industry transformation by accelerating the deployment of highly innovative, first-in-kind technologies at Canadian forest industry facilities. These projects included bioenergy, biomaterials, biochemicals and next-generation building products.

IFIT addresses a critical need for capital investment in new technologies by providing non-repayable contributions of up to 50% of a project’s costs for the demonstration of innovative technologies at the pilot or commercial scale in the Canadian forest industry. The program’s first two Calls for Proposals produced 107 unique applications, demonstrating the sector’s great appetite for transformative projects. To date, IFIT has supported 14 projects across a range of forest sub-sectors and businesses, eight of which are world-first technologies. These projects aim to “de-risk” new technologies and encourage broader adoption of the technologies across the industry. They are true Canadian innovation success stories.

IFIT was renewed in February 2014, with an additional $90.4 million provided for the program over four years. This continued commitment will help bring the next wave of innovation to market and will solidify Canada’s position as a leader in forest industry transformation.

IFIT-funded projects

See how these funded projects are innovative and transformative for the Canadian forest sector.

IFIT services standards

Our service standards represent the level of service we are aiming to provide. By complying with these standards, we demonstrate our accountability and transparency when we measure and report results on our program.

Responding to general program enquiries

Within 2 business days, 85% of the time. Some program enquiries may require more internal discussion before an appropriate response can be provided.

Acknowledging receipt of an expression of interest

Within 1 business day, 95% of the time.

Acknowledging receipt of a proposal

Within 1 business day, 95% of the time.

Providing a decision on initial eligibility of project proposal (applicant has been short-listed)

Within 4 months of the acknowledgement of the applicant’s proposal, 95% of the time.

Providing a decision on whether the project will receive funding

Within 6 months of an applicant being informed that financial and risk due diligence will be performed on the proposal, 70% of the time.

Timing depends highly on an applicant’s responsiveness to requests from the department for information during the due diligence and risk assessment review. Under the past iteration of the IFIT program, this process has ranged from 2 to 6 months.

Approving and providing a funding agreement to an applicant for signature

Except as agreed upon with an applicant, within 3 months of an applicant receiving confirmation of being provided funding, 90% of the time.

Although the applicant would receive confirmation of funding, in some cases applicants may want to defer signing a contribution agreement until closer to the date that project implementation will begin.

Deciding on a request for an amendment to a contribution agreement

Within 2 months of the acknowledgement of a proponent’s request for an amendment, 85% of the time.

Decision on an amendment is subject to an appropriate level of documentation from the proponent to substantiate the need for an amendment.

Providing an amending agreement to a proponent for signature

If an amendment request is approved, within 1 month of the decision, 90% of the time.

Issuing quarterly payment based on final and complete supporting information

Within 30 calendar days, 90% of the time.

“Final and complete supporting information” means that the proponent has supplied and made all necessary changes to the information supporting the payment claim to satisfy the department that project activities are in line with the statement of work, and that all costs incurred have been in accordance with the funding agreement. Timing can also vary based on bank processing time and whether a proponent receives a direct deposit or a physical cheque.

Issuing release of holdback based on final and complete supporting information

Within 30 calendar days, 90% of the time.

“Final and complete supporting information” means the same as above, with the addition that the department is satisfied that the project has been completed in accordance with the statement of work, that all eligible costs incurred have been paid, and that the proponent has provided all final reports that summarize the project. Timing can also vary based on bank processing time and whether a proponent receives a direct deposit or a physical cheque.

For more information, please email the IFIT team.