CHALLENGE PROGRAM

OPEN CHALLENGES
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WE’RE CLOSING THE LOOP ON INNOVATION

ABOUT OUR CHALLENGES

Are you trying to address sustainability and facing a rapidly-changing economic, regulatory, and physical environment?

Foresight’s Challenge programs are used by Canada’s leading organizations to solve critical business problems and drive innovation in cleantech. We help you find and assess potential solutions inside and out of your normal supply chain by leveraging the Adjacent Possible (reference). They also help to accelerate commercialization and implementation, while de-risking capital investment with broad due diligence. Finally, Foresight Challenges are a great way to get everyone on board and excited about the possibilities.

From waste heat recovery in the oil and gas industry to nutrient recovery on the farm, our Challenge programs have provided valuable answers and solved real world environmental problems – while reducing risks and improving time-to-market.

HOW IT WORKS

1

CONSULTATION

Defining The Problem. Dialogues will be hosted to identify pressing industry challenges that need advanced technology innovations, and to thoroughly define the problem with a broad group of industry and clean tech innovators and thought leaders. Challenge is announced, and applications received.

2

INNOVATION SPRINT

Potential Solutions Developed. Finalists will receive funding support to develop a prototype within specified time range. Mentorship and business support will be provided by Foresight to help accelerate an idea from concept to prototype and from seed to first funding.

3

FIELD TESTING

Solution Viability Tested. The industry sponsor will select at least one prototype for field testing.

4

COMMERCIALIZATION

Release to Market. Foresight will provide project management oversight, an Executive-in-Residence, lab and office space, and business support to help the company move towards commercialization.

OPEN CHALLENGES

Saipem

INDUSTRY SECTOR

Engineering, drilling, construction in the energy and infrastructure sector

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Voestalpine

INDUSTRY SECTOR

High quality steel and metals manufacturing

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OMV

INDUSTRY SECTOR

 Oil and gas, energy and high-end petrochemical solutions

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Grupo Industrial Saltillo

INDUSTRY SECTOR

Manufacturing, waste water, industrial efficiency

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Pinnacle Renewable Energy

INDUSTRY SECTOR

Energy

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One of our challenges led to a potential reduction of GHG emissions in the oil sands by 500,000 tonnes annually.

Matt McCullock P.Eng

DIRECTOR
GREENHOUSE GAS CANADA’S OIL SANDS INNOVATION ALLIANCE

GET INVOLVED

Foresight is an industry leader in bringing challenge programs to cleantech. Our challenges operate in a flexible framework that can be tailored to fit your project needs – from a large scale industry-wide challenge with multiple stakeholders over several years, to a one-day event focused on a micro-challenge.

Innovation requires bold thinking and new ideas. It requires cooperation, creativity, knowledge sharing – and the structured, strategic approach offered by a facilitated Challenge process.

If you are facing a challenge, if you are looking down the barrel of a problem that has no known solution or easy answer, if speed is of the essence, if you need to de-risk your innovation investments, then contact us today to discuss your cleantech challenge.

READY TO GET STARTED?

It’s time to start shaping the cleaner future of industry. If you could use some innovation and outside-the-box thinking, contact us today to talk to Dylan Groven, our Director of Corporate Innovation, about hosting a Challenge.

The answers are out there, let’s go find them.

Have an urgent cleantech business & technological challenge?

Are you working on a promising cleantech solution that you think will solve one of our open challenges?

We want to hear from you!

CONTACT US TODAY

LOOKING FOR MORE INFORMATION?

Do you have a question about what we do? Would you like to request more information about our programs?

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