“This is a unique opportunity for innovators to receive funding and be mentored by an elite group of executives and leaders while fast tracking the development of their products.”
Neil Huff, Managing Director, Foresight CAC
How does the ARCTIC Challenge process work?
- Following a dialogue process, partners from the resource sector nominate an industry issue to become the ARCTIC Challenge.
- Cleantech entrepreneurs are invited to respond to the challenge, after which a panel of experts identifies two to five finalists for a funding and development program.
- Following a six-month Innovation Sprint process – during which the two to five firms develop a prototype – the expert panel selects one finalist to receive additional funding for field testing.
Two ARCTIC Challenges are being held annually over a three-year period, with the process resulting in proven products that will move to market.
The four phases of the ARCTIC Challenge process
|Field Trials Commercialization|