Natural Resources
Canadian Natural Resources are the Backbone of our Economy
The Canadian natural resource industries are the engine of our national economy, yet they must modernize to remain competitive in a changing global market. We strengthen these sectors and increase their productivity by de-risking and accelerating the adoption of clean technology.
By bridging the gap between innovation and industrial scale, we make Canada’s resources more resilient, ensuring long-term economic growth and a sustainable global lead.
How Foresight Supports the Canadian Natural Resources
Ecosystem Insights
We provide unparalleled insights that support informed-making, reduce investment risk, strengthen supply chains, and repurpose and valorize traditional waste streams.
This includes ecosystem mapping, feasibility and business case studies, impact assessments, market and strategic analyses, opportunity analyses, and policy recommendations, among other custom programs.
Industry Support
As an innovation broker, we accelerate cleantech adoption across Canada’s critical sectors by identifying shared challenges and developing tangible pathways to overcome them. We partner with public and private organizations to support the adoption of tailored solutions—facilitating innovation scouting, collaborative research, and industry-led Working Groups to ensure the seamless integration of new technologies into industrial value chains.
Innovator Support
Our sector-specific support is designed for the complex challenges of scaling cleantech.
By leveraging a network of 250+ Executives in Residence (EIRs), we deliver high-impact matchmaking, technical showcases, and the specialized strategic guidance ventures need to accelerate their growth.
Other Support Services
- Industry Matchmaking
- Working Groups
- Technology Sourcing
- Business Cases & Custom Research
- Events & Roundtables
- Subject Matter Expertise
Scaling Sustainable Bioproducts and Circular Solutions
With the circular bioeconomy estimated to be a USD $7.7 trillion opportunity by 2030, there has never been a better time for collaborations that will position Canada as a global leader in this critical sector.
We partner with leaders across the forest sector to accelerate the adoption of solutions that lower our carbon footprint and position Canada as a global frontrunner in the bio-based economy. Our programming focuses on bridging the technology gaps required to enhance forest resilience and scale sustainable, wood-based alternatives to petroleum products. By transforming forest biomass into high-value, sustainable bioproducts, we are strengthening a circular economy that supports both environmental protection and industrial competitiveness.
Bioeconomy Focus Areas:
1
Wildfire Mitigation & Forest Management
2
Sustainable Packaging & Biomaterials
3
Next-Generation Wood Products
4
Digital Solutions & Circular Business Models
5
Biofuels & Renewable Natural Gas
6
Petroleum Alternatives
Mission
We accelerate the adoption of transformative, low-carbon forest and bio-based technologies, champion the commercialization of advanced forest products, and catalyze a sustainable, diversified, and globally competitive Canadian bioeconomy.
Technology Adoption Services
Identify the right cleantech solution for your unique challenges.
Our Technology Adoption Services de-risk the process of cleantech adoption, offering customized research, feasibility studies, business cases, innovation scouting, and technology validation to ensure data-driven decision making and a seamless transition from discovery to deployment.
Bioeconomy Venture Support
Access the expertise, capital, and industry partners needed to accelerate your technology’s path to adoption.
Our Acceleration Program offers ventures at every stage access to Foresight’s network of over 270+ mentors and Executives in Residence. We offer a curated range of support, including technology development, market intelligence, professional development and exposure opportunities.
Working Groups
Scale your impact through collaboration.
Members get unparalleled access to a Canada-wide network of like-minded peers and forward-thinking organizations, offering tangible resources including affordable research, essential project development support, and cost-sharing initiatives. Active groups include:
- Fibre Utilization & Carbon Monetization
- Biomass to RNG - FortisBC
Connect with Us
Not sure which bioeconomy support is best for you?
Our team can help you navigate our programs and identify the right pathways to accelerate your innovation and adoption goals.
BioAcceleration Alumni Network
Foresight’s BioAcceleration Alumni Network is designed to help our alumni ventures go further, faster. Whether you're scaling production, refining your go-to-market strategy, or preparing for investment, our alumni program provides tailored support, peer collaboration, and enhanced visibility to keep you moving toward commercialization.
By joining our BioAcceleration programming, our alumni receive ongoing benefits, including:
1:1 Strategic Support
Up to 10 hours/month of continued access to our Executives in Residence (EIRs), with expertise in commercialization, IP, market expansion, and more.
Peer Collaboration & Learning
Join facilitated roundtables, breakout groups, and peer-led sessions to share insights, challenges, and lessons learned with fellow founders.
Pitch & Investor Readiness
Participate in pitch practices, clinics, and showcases to sharpen your investment narrative, gain real-time feedback, and increase visibility with strategic partners
Real-World Business Development
Access matchmaking opportunities, funding updates, team growth toolkits, and pilot project support aligned with your commercialization journey.
Case Study
Groupe Savoie Biomass Recovery Challenge
The Challenge: Groupe Savoie and the New Brunswick Innovation Foundation (NBIF) sought innovative solutions to optimize biomass utilization, improve resource efficiency, and reduce forestry waste.
The Solution: Northern Hardwoods Research Institute (NHRI) was selected as the winner for its advanced forestry modelling system. Their technology utilizes remote sensing and geospatial data to predict biomass availability and model operational costs, enabling Groupe Savoie to optimize how and where it harvests.
With their pilot opportunity, NHRI is advancing its predictive models to forecast biomass value and optimize harvesting operations.
The Outcomes:
15% Cost Reduction
Preliminary data shows a significant drop in operational expenses through optimized harvesting.
Operational Efficiency
Upgraded equipment and larger bunk capacities have increased biomass volume per trip while lowering fuel consumption.
Scalable Innovation
NHRI is expanding the model’s applications to include wildfire fuel modeling and industry-wide “best practice” standards.
Commercial Momentum
The pilot has accelerated NHRI’s path to becoming a leading solution provider in precision forestry.
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![Lignin is the Untapped Catalyst for BC’s Green Economy]()
November 26, 2025 Report Lignin is the Untapped Catalyst for BC’s Green Economy By investing in the commercialization of BC's lignin, Canada's forestry industry can achieve three major benefits: new revenue, innovation, and a circular economy. A new report highlights how we can tap into this opportunity. View Report -
![Solidifying BC’s Leadership in the Forest Bioeconomy]()
November 13, 2025 Report Solidifying BC’s Leadership in the Forest Bioeconomy BC’s forest sector stands at a critical crossroads. The province can lead in the global forest bioeconomy, reducing wildfires and GHGHs, creating jobs, and generating value out of waste. This report provides crucial insights on how we get there. View Report -
![Canada’s Ventures to Value Chains: Ag-Bioeconomy]()
August 8, 2025 Report Canada’s Ventures to Value Chains: Ag-Bioeconomy Canada’s Ventures to Value Chains: Ag-Bioeconomy is part of a Foresight initiative leveraging data from technology companies and other key partners to map, categorize, and analyze strategically important industry value chains for Canada in the clean economy. View Report
Case Study
TreeTrack Intelligence
Ventures like Vancouver's TreeTrack Intelligence—a Foresight Bioeconomy program alumni—are redefining the sector using innovative technology. Their secret lies in precision aerial technology that resurrects entire ecosystems, from wildfire scars to areas hit by erosion and industrial operations. Their technology is faster, cheaper, and guarantees results with third-party verification.
By deploying advanced software and proprietary Seedpods from the air, they ensure scalable, effective restoration. TreeTrack collaborates closely with First Nations communities and organizations, including Lil̓wat Forestry Ventures, ensuring their high-tech innovation supports and respects traditional land stewardship.
Our Bioeconomy Partners
We collaborate with multiple partners to deliver unparalleled support to the Canadian ecosystem, including:
Foresight is a proud member of The Bioeconomy Communications Awareness Network (BioCAN).
BioCAN is a collaborative effort led by Bioindustrial Innovation Canada (BIC) and key industry partners to advance the Canadian bioeconomy. Through strategic messaging, coordinated outreach, and targeted engagement, BioCAN aims to enhance Canada’s global competitiveness, drive investment in sustainable technologies, and position Canada as a leader in bio-based innovation—all while simultaneously supporting broader societal objectives.
This initiative is supported by multiple organizations working collectively to promote the bioeconomy’s role in fostering economic resilience, energy security, and job creation.
Canada’s Bioeconomy Ecosystem Maps
Your essential guide to Canada’s forest bioeconomy.
Utilizing our robust network, we've leveraged data from technology companies and other key partners to map, categorize, and analyze Canada's bioeconomy industry.
Learn more by downloading the detailed forest bioeconomy Ventures to Value Chains report.
Your essential guide to Canada’s
ag-bioeconomy.
Utilizing our robust network, we've leveraged data from technology companies and other key partners to map, categorize, and analyze Canada's bioeconomy industry.
Learn more by downloading the detailed ag-bioeconomy Ventures to Value Chain report.
Canada’s Carbon Management Ecosystem
Reaching net zero is a generational challenge, requiring a fundamental transformation of all industrial processes that power our global economy. Estimations state we need 2 to 10 gigatonnes of carbon (CO2) capture and 7 to 9 gigatonnes of carbon removal annually to reach net zero. Over half of the carbon management technologies needed are not yet commercially ready.
With the nation’s largest pipeline of emerging carbon management solutions, we accelerate the path to commercialization and help industries adopt high-performance technologies that drive emissions reduction while protecting the bottom line.
Carbon Management Focus Areas:
1
Carbon Capture, Utilization, & Storage
2
Carbon Removal Technologies
3
Measurement, Reporting, & Verification
4
Digital Enablement & Supportive Technologies
Mission
Our goal is to catalyze the advancement of carbon management solutions that will reduce 100 MT of GHG emissions by 2030.
[Foresight's carbon programming] plays a vital connecting and convening role in the emerging Canadian CDR ecosystem. Our participation has enabled Arca to make sense of our position in that ecosystem, and contribute and learn.
Paul Needham CEO, Arca
Technology Adoption Services
Identify the right cleantech solution for your unique challenges.
Our Technology Adoption Services de-risk the process of cleantech adoption, offering customized research, feasibility studies, business cases, innovation scouting, and technology validation to ensure data-driven decision making and a seamless transition from discovery to deployment.
Carbon Venture Support
Access the expertise, capital, and industry partners needed to accelerate your technology’s path to adoption.
Our Acceleration Program offers ventures at every stage access to Foresight’s network of over 270+ mentors and Executives in Residence. We offer a curated range of support, including technology development, market intelligence, professional development and exposure opportunities.
Working Groups
Scale your impact through collaboration.
Members get unparalleled access to a Canada-wide network of like-minded peers and forward-thinking organizations, offering tangible resources including affordable research, essential project development support, and cost-sharing initiatives. Active groups include:
- Canadian Decarbonization Working Group
Connect with Us
Not sure which carbon management support is best for you?
Our team can help you navigate our programs and identify the right pathways to accelerate your innovation and adoption goals.
Case Study
COSIA Hot Water Production Challenge
The Challenge: Canada’s Oil Sands Innovation Alliance (COSIA) aimed to find solutions to significantly reduce the energy intensity of commercial-scale natural gas-fired boilers used in oil sands operations.
The Solution: COSIA worked with Foresight to source and vet technological solutions that could replace or supplement conventional hot water production approaches in either new or existing mining operations without using existing (or new) steam resources for heat exchange purposes. Combustion and Energy Systems, was selected as the Challenge winner for their innovative heat recovery and energy efficiency system.
The Outcome: The Challenge resulted in measurable positive effects for COSIA's member client, Imperial Oil, including a reduction in their carbon emissions and energy intensity, and they saw an increase in operational efficiency, among other benefits:
45,000+ Tonnes
CO₂ Reduced Annually per Unit
115,000+ Litres
Water Use Reduced Annually per Unit
$45M
Saved in Carbon Reduction Costs
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![CO2 Utilization in Canada: Market Insights & Opportunities]()
October 7, 2024 Report CO2 Utilization in Canada: Market Insights & Opportunities Explore the emerging opportunities of CO2 utilization in Canada, including market assessments, innovative technologies, and pathways for fuels, chemicals, and new materials. Learn about global initiatives and the potential for reducing industrial emissions. View Report -
![Canada’s Ventures to Value Chains: Carbon Technology]()
August 29, 2023 Report Canada’s Ventures to Value Chains: Carbon Technology The Ventures to Value Chains: Carbon Technology report is intended to provide the Helix-5™ ecosystem with unique insights into the Canadian carbon tech innovation landscape. View Report -
![Year One: CarbonNEXT Report]()
June 14, 2023 Report Year One: CarbonNEXT Report carbonNEXT is capturing the attention of Canadian carbontech through its year-one efforts of accelerating and commercializing carbontech companies, positioning Canada as a global leader in CCUS. View Report
Our Carbon Management Partner
Our carbon programming is made possible through the support of founding partner Scotiabank.
Canada’s Carbon Technology Ecosystem Map
Your essential guide to carbon technology in Canada.
Utilizing our robust network, we’ve leveraged data from technology companies and other key partners to map, categorize, and analyze Canada's carbon capture, utilization, and storage technology value chain.
Learn more by downloading the detailed carbon technology Ventures to Value Chains report.
Advancing Sustainable Mining and Critical Minerals in Canada
Mining is the backbone of the global transition to net zero, providing the essential materials needed for everything from electric vehicles to wind turbines. As a global leader in resource extraction, Canada is uniquely positioned to supply these critical minerals; however, the sector must overcome significant challenges in energy intensity and waste management.
We empower the mining sector by de-risking the clean technologies essential for industrial decarbonization. By closing critical innovation gaps, we minimize environmental impact and ensure Canada’s mining industry remains a resilient leader in the global energy transition.
Sustainable Mining Focus Areas:
1
Mineral Processing & Sustainable Development
2
Critical Minerals for Clean Energy
3
Carbon Management & Electrification
4
Regulatory Innovation & Streamlining
5
Indigenous-Led Opportunity & Collaboration
6
Workforce Transformation
Mission
We help end-users secure the critical minerals, metals, and finished materials essential for the global energy transition, ensuring Canada remains a high-performance leader. We do this by de-risking the clean technologies that turn resource extraction and refinement into a low-carbon, high-value enterprise.
Foresight not only provides the tools and the community, but it also provides the credibility to companies to be looked at and taken seriously.
Barinder Resode Co-Founder, CEO | Tersa Critical Minerals
Technology Adoption Services
Identify the right cleantech solutions for your unique challenges.
Our Technology Adoption Services de-risk the process of cleantech adoption, offering customized research, technology validation, innovation scouting, and project management to ensure a seamless transition from discovery to deployment.
Mining Venture Support
Access the expertise, capital, and industry partners needed to accelerate your technology’s path to adoption.
Our Acceleration Program offers ventures at every stage access to Foresight’s network of over 270+ mentors and Executives in Residence. We offer a curated range of support, including technology development, market intelligence, professional development and exposure opportunities.
Working Groups
Scale your impact through collaboration.
Members get unparalleled access to a Canada-wide network of like-minded peers and forward-thinking organizations, offering tangible resources including affordable research, essential project development support, and cost-sharing initiatives. Active groups:
- Mining Decarbonization Solutions
Connect with US
Not sure which mining support is best for you?
Our team can help you navigate our programs and identify the right pathways to accelerate your innovation goals.
Case Study
Tersa Earth is a BC-based, woman-led venture turning mining waste into valuable resources.
Mining the Future: Turning Waste into Wealth
Embracing the biopower of bacteria, Tersa's technology tackles Acid Rock Drainage, neutralizing mine wastewater and recovering valuable metals that were previously lost.
Learn more about how they are shaking up the mine waste treatment world in this video.
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![Transforming Waste Rock: Insights & Opportunities for BC’s Mining Industry]()
January 6, 2026 Report Transforming Waste Rock: Insights & Opportunities for BC’s Mining Industry By transforming mine waste into value, BC can strengthen critical mineral supply chains, reduce environmental impacts, and support sustainable economic development. This report provides crucial insights into how we can get there. View Report -
![Unlocking Opportunities in Mining Technology]()
July 14, 2025 Report Unlocking Opportunities in Mining Technology Foresight and UnitedLex have partnered to develop a Mining Technology Landscape Study, which analyzes the global mining innovation ecosystem. View Report -
![BC Cleantech Export Report: Mining]()
May 20, 2025 Report BC Cleantech Export Report: Mining The mining industry is pulled in two directions: it is both emissions intensive but necessary for the extraction of critical minerals needed for the clean energy transition. BC excels in both mining and cleantech. This report examines opportunities for the province to leverage these strengths internationally. View Report
Our Mining Partners
We collaborate with multiple partners to deliver unparalleled support to the Canadian ecosystem, including:
Canada’s Mining Technology Ecosystem Maps
Your essential guide to mining technology in Canada.
Utilizing our robust network, we've leveraged data from technology companies and other key partners to map, categorize, and analyze Canada’s mining technology value chain.
Learn more by downloading the detailed mining technology Ventures to Value Chains report.
