Montreal, Quebec – November 13, 2020 – Following the update on Québec’s economic and financial situation, FPInnovations’ President and Chief Executive Officer, Mr. Stéphane Renou, applauds the commitment of Québec Finance Minister Eric Girard to support innovation for forestry businesses.
As part of these measures, FPInnovations was granted an amount of $2 million over two years in order to contribute towards the development of innovative solutions for the forest sector.
This financial support will allow FPInnovations to focus on developing innovative research projects in three sectors: the digital transformation of the forest industry, the valorization of residual or low-value wood, and the substitution of products that have a high carbon footprint. These projects will contribute to improving the competitiveness of Québec’s forest sector while promoting regional development and fostering a green economy.
“At a time when we are experiencing a major economic and health crisis, the financial support announced by the Québec government will enable us to continue developing innovative solutions that will have a short-term impact on the productivity and competitiveness of the forest sector. More than ever, FPInnovations is determined to accelerate the transformation of the forest sector, thereby participating in the economic recovery.”
Stéphane Renou, President & CEO, FPInnovations
FPInnovations is a private not-for-profit organization that specializes in the creation of solutions that support the Canadian forest sector’s global competitiveness. It is ideally positioned to perform state-of-the-art research, develop advanced technologies, and deliver innovative solutions to complex problems for every area of the sector’s value chain, from forest operations to consumer and industrial products. Its R&D laboratories are located in Québec City, Montreal and Vancouver, and it has technology transfer offices across Canada.