CCEMC launches $35 million funding challenge
Deadline for responses extended to July 31, 2013
EDMONTON – The Climate Change and Emissions Management (CCEMC) Corporation is seeking innovative
ideas from around the world for a $35 million open innovation challenge that will create new, carbon-based products and markets. The grand challenge is the first ever initiated by an organization in Alberta, Canada. It is expected to identify multiple technologies that could provide significant reductions in greenhouse gas emissions by transforming carbon from a liability into an asset.
The CCEMC is seeking novel solutions for innovative carbon use – bright ideas at any stage of development that are rooted in solid science. Focus areas include, as examples, processes that produce high value goods from greenhouse gas emissions, technologies that fix captured carbon into solid or readily transportable starting materials, high-value materials with high carbon content that could be produced from greenhouse gases and biological processes that capture or consume carbon and convert it into a new viable product, such as the creation of oils from algae.
The CCEMC Grand Challenge: Innovative Carbon Uses offers three rounds of funding that total $35 million over a five-year period. The first round, with submissions due by July 31, 2013, offers grants of $500,000 for up to 20 projects. The winners will be announced in March 2014.
The second round of the competition is again open to submissions from around the world and will provide $3 million each for up to five projects that have successfully advanced their technologies.
The final round will identify a winner of the Grand Challenge, selected from the second round finalists, who will be provided a $10 million grant to assist in establishing and commercializing their technology.
The CCEMC will help connect winners of each round of funding with an ecosystem of support that includes mentors, business developers, venture capitalists and potential partners. The CCEMC Grand Challenge: Innovative Carbon Uses, draws on a broad network of supporters that includes Alberta Environment and Sustainable Resource Development, Alberta Energy, Chrysalix Energy Venture Capital, Carbon Management Canada, Canadian Oil Sands Innovation Alliance, Sustainable Development Technology Canada, June Warren Nichols and members of the Alberta Innovates organization including Alberta Innovates — Energy and Environment Solutions, Alberta Innovates – Bio Solutions and Alberta Innovates – Technology Futures.