Alberta Launches $35 Million Open Innovation Carbon Challenge

February 23, 2013 By IdeaConnection
Mildred Lake mine site and plant at the Athabasca Oil Sands.
Mildred Lake mine site and plant at the Athabasca Oil Sands.

The Canadian province of Alberta, known for its oil and gas industry has just launched a $35 million open innovation competition to create commercially available carbon-based products that will provide net reductions in greenhouse gas emissions.

The contest is being organised by the Climate Change and Emissions Management (CCEMC) Corporation and it’s seeking novel products and technologies that will transform carbon from a burden to an asset.

This ‘Grand Challenge’ as it is being called is part of Alberta’s drive to reduce its greenhouse gas emissions by 200 megatons by the year 2050.

“We are seeking credible, bright ideas from around the world that will repurpose carbon and use it as a starting material, helping Alberta to create a market for carbon use,” said CCEMC Chair Eric Newell.

“The approach could deliver significant reductions in greenhouse gases, complement other greenhouse gas reduction strategies, strengthen our economy and enhance Alberta’s competitiveness.”

Submissions

The technologies must be applicable to Alberta, and there will be three rounds of submissions over a five-year period. The closing date for the first round is July 15, 2013. Grants of $500,000 for up to 20 projects will be made available.

The second round will provide $3 million each for up to five projects, and during the final round the Grand Challenge winner will be selected from the second round finalists. That organisation will be awarded a $10 million grant to help establish and commercialize their technology.

To register interest and read more details about this open innovation competition, click here.


Share on      
Next Post »

Add your Comment

[LOGIN FIRST] if you're already a member.

fields are required.




Note: Your name will appear at the bottom of your comment.