Innovation Fund launches Funding from Natural Gas Cleantech Innovators
OTTAWA, July 31, 2017 /CNW/ – The Natural Gas Innovation Fund (NGIF) is accepting submissions for funding to support natural gas cleantech research, demonstration and deployment innovation projects in Canada.
NGIF was created by the Canadian Gas Association (CGA) in 2016 to support the funding of innovation in the natural gas value chain. It selects and advances natural gas cleantech projects led by startups and organizations with the right innovation for market uptake and commercial viability. NGIF is capitalized by the natural gas industry with access to pooled R&D innovation funding, leveraged intelligence, and a combined backyard across Canada to field test innovation. NGIF’s Investment Committee includes CGA, Pacific Northern Gas Ltd., FortisBC, ATCO, SaskEnergy, Enbridge Gas Distribution Inc., Union Gas and Gaz Metro.
NGIF offers a continuous intake process to review and evaluate new ideas and innovation through a stage-gated investment model. This means that NGIF is always open for business and invites submissions of an investor deck from prospective applicants in order to gauge eligibility and make an initial technology assessment.
Further information on NGIF, how to apply for funding, and how to contact us can be found at www.ngif.ca.
“NGIF’s mandate is to build a diversified portfolio of investments, strategic partnerships, and a trusted investment model that delivers on improved environmental performance, greater affordability and competitiveness, and enhanced safety and resiliency. We are looking for innovators and entrepreneurs from all around the world to come forward with their innovation and project for Canada’s natural gas industry.”
John Adams, Managing Director, Natural Gas Innovation Fund
“Innovation in the delivery of energy services to Canadians is top of mind for the members of the Canadian Gas Association. Making sure Canadians have continued access to clean, affordable, safe and reliable energy turns on constant innovation in our industry. NGIF is a demonstration of our commitment, and we want to work with industry, government and academic partners to support its success.”
Timothy M. Egan, President & CEO, Canadian Gas Association