econext 2024 AGM and Industry Awards Reception

econext‘s 2024 Annual General Meeting and Industry Awards Reception is taking place on April 26, 2024.

Date: Friday, April 26, 2024
Location: Delta Hotel and Conference Centre – St. John’s

Annual General Meeting

The AGM portion of the meeting will take place at 2:00 and will feature a 2023-24 Year in Review, a look ahead to 2024-25, and an opportunity for members to ask questions and engage in discussion. Voting matters will occur online as to allow for maximum participation from members across the province, and will take place between April 25-30. For members interested in Board of Directors nominations, click here. This portion of the event is for members only.

Industry Awards Reception

econext will recognize and celebrate the winner of its 2024 Industry Awards in the following categories: Cleantech Innovation, Business Excellence, International Business, and Industry Champion. Awards nominations are due by March 29, 2024. To make a nomination, click here.

Registration

Tickets for this event are $22.63 for members and $38.61 for non-members. Click the button below to complete your registration.

Register Now

Online Voting

Members will be provided a personalized access code (distributed on April 25) which will be used for the casting of votes through to 17h00 NST on April 30, 2024.

Resources

Green Economy: Highlights from 2024-25 Newfoundland and Labrador Provincial Budget

Below are some highlights from the Newfoundland and Labrador provincial budget, delivered on March 21, 2024, relevant to green economy stakeholders. Click here to view the budget materials.

Tax Credits

Two provincial tax credits that can support cleantech adoption and production will continue, including:

  • The 20% ‘Green Technology’ tax credit (to help businesses with specific capital costs for green activities, such as equipment for energy conservation and clean energy generation and the efficient use of fossil fuels).
  • The 10% manufacturing and processing investment tax credit.

Green Transition and Innovation

Financing to assist businesses and research institutions pursue green economy opportunities will be funded again in 2024-25, including:

  • $13.7 million in funding for the Innovation and Business Development Fund.
  • $11.5 million for the Green Transition Fund.
  • $35 million to support economic development, with a focus on research and development, commercialization, investment attraction, and regional development – not specifically tied to ‘green’ but green activities eligible.

Net Zero

Investments to help decarbonize and reduce GHGs in the province, including:

  • $81.9 million to reduce greenhouse gas emissions, while addressing energy affordability including support to transition homes from oil to electric heat.
  • $1.1 million for electrical vehicle infrastructure.

Climate Change Adaptation

Contributions to help acquire vital information for municipalities and planners:

  • $1.5 million for flood risk mapping.

Wastewater

Dedicated funds to assist in tackling wastewater challenges in NL, including:

  • $50 million over five years to support water and wastewater projects.
  • $650,000 for a permanent wastewater surveillance program.

Mining

Plus, investments to help the province continue to position itself as a leader in critical minerals:

  • $2.6 million to support implementation of the Critical Minerals Strategy to enhance the province’s competitiveness and attract private investment.
  • $1.7 million for the Mineral Incentive Program, including $1.3 million for Junior Exploration Assistance.
  • $1.6 million annually for a Labrador-specific geoscience program that supports exploration in frontier regions.

Also of note, a $72.4 million contribution is being made to the Newfoundland and Labrador Future Fund (revenues from one-time sources and non-renewables resources) bringing the total contributions to $358.8 million.

Nominations are now open for econext’s Industry Awards!

Do you know of an econext member that should be recognized for their successes?

econext is launching its industry awards program, celebrating the businesses, researchers, and professionals building the green economy in Newfoundland and Labrador over the past year.

The deadline for nominations is Tuesday, April 9, 2024. Awards categories include:

  • Cleantech Innovation
  • Business Excellence
  • International Business
  • Industry Champion

To see the awards categories and make your nomination, click the link below.

Make a Nomination!

econext seeking NL companies interested in collaborative R&D with German partners

econext is encouraging businesses in Newfoundland and Labrador with an interest in pursuing collaborative research and development projects with German partners to get in touch.

A near-term opportunity to obtain funding for joint innovation is available through the “Canada-Germany 2024 to 2025 collaborative industrial research and development call for proposals”.

Working together, the Government of Canada and the Government of Germany aim to foster and support collaborative industrial research and development (R&D) projects with high potential for commercialization. This call for proposals is open to companies from Canada and Germany who wish to perform joint R&D leading to technology commercialization focused on developing innovative products, processes, or technology-based services in all technological and application areas which have strong market potential.

The deadline to register interest with the NRC-IRAP program is March 20, 2024 with a deadline for the submission of EOIs on April 3, 2024. More on this program can be found on its website at: https://nrc.canada.ca/en/irap/about/international/?action=view&id=176.

econext is looking to assist interested NL companies explore this program. In addition, econext is anticipating other opportunities for collaboration between NL and Germany and is keen to hear from businesses in NL with an interest. Please contact econext CEO Kieran Hanley with your interest at kieran@econext.ca.

R&D Opportunity: Reality Capture and Digitization in Wind/Hydrogen

Do you have an innovative idea that you would like to explore that combines reality capture and/or digitization with the wind / hydrogen industry?

Get in touch with CNA’s Reality Capture and Digitization Technology Access Centre (TAC), which can provide:

  • Expertise to determine the technical and economic feasibility of new products, processes, and services
  • Short-term R&D and prototype development assistance
  • Access to cutting-edge technology
  • Impartial scientific, technical, and business guidance

Don’t miss out on the upcoming funding opportunity for Interactive Visits with the TAC network! For just $250, you can access 20 hours of innovation support!

Reach out to our Applied Research team (ar@cna.nl.ca) for assistance with the application process and to explore solutions tailored to your business needs.

Click for More Info

econext launches Newfoundland and Labrador green jobs bank

For Immediate Release
February 7, 2024

econext has launched Newfoundland and Labrador’s green jobs bank.

“We are very excited to bring this service to employers and job-seekers in the province,” said Kieran Hanley, econext‘s CEO.

Hanley said that a number of factors led to econext deciding to create the job bank. “We are seeing unprecedented growth in Newfoundland and Labrador’s green economy – a trend that we expect to continue and intensify for some time to come,” he noted. “Employers are going to need help finding talent, and we feel we can play an important role in that regard.”

The second driver for the initiative was a growing interest in green jobs by students and job-seekers. “We are finding that more and more people in the province are becoming interested in working in fields that have positive environmental impacts,” said Hanley, “and they are gravitating towards econext to help them find their way.” Through its workforce development initiatives, econext is cultivating a strong network of professionals and job-seekers.

Hanley said that these two factors position econext well to match-make between employers and green job-seekers. “We view this as being an important service for our members and the industry at-large.”

The Green Jobs Bank can be accessed here, while employers can add their available jobs here.

econext is an association that accelerates clean growth in Newfoundland and Labrador and works on behalf of over 200 members to foster environmentally sustainable economic development. More information can be found at https://econext.ca.

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Media Contact
Kieran Hanley
kieran@econext.ca

Caribbean Business Opportunities Seminar

Hear from Trade Commissioners from Barbados and the Eastern Caribbean, and the Caribbean Development Bank

Date: January 22, 2024
Time: 8:30am – 10:30am
Location: Sheraton Hotel Newfoundland
Cost: Free

Register Now

Event Agenda

8:30 – Registration/Coffee

8:45 – Welcome and Introduction
Abbie Hodder, econext

9:00 – Market Overview and Business Opportunities in the Eastern Caribbean
Tammy Brathwaite, High Commission of Canada

9:15 – Doing Business with the Caribbean Development Bank
Christine P. Mohammed, Caribbean Development Bank

10:15 – Coffee Break

10:30 – One-on-Ones
Separate registration required – contact abbie@econext.ca to register.

CEO Message – January 5, 2024

On behalf of econext, I would like to wish our members and partners a Happy New Year.

Our team is already off to the races on what is sure to be a big year for the green economy in Newfoundland and Labrador. I’d like to highlight a few of the things that we will be up to in Q1 of this year.

On the policy front we will busy putting our best foot forward in providing ideas for the provincial government’s development of new climate change action plans, and responding to the federal government’s planned emissions cap for the oil and gas industry (which, among other things, we believe has the potential to create new carbon offsets opportunities for our province). We are also in the beginning stages of exploring innovative approaches to regulatory frameworks to help enable efficient processes that are also highly effective in protecting the environment.

We have two ideathons in the works for the Winter across the province, and will be helping SMEs to understand why they should be thinking about ESG and how they can get started developing strategies through a new course that we have developed. We have two exciting webinars within the next two weeks – one on the 11th about Newfoundland and Labrador’s clean technology tax credit, and another on the 16th highlighting clean technologies coming from Iceland.

We are on the heels of facilitating a series of technology demonstrations of our members’ capabilities at The Launch, and will as a result have some exciting footage to share with the world about the cleantech expertise that Newfoundland and Labrador has as it relates to the ocean. Related to all of that, we are helping students explore careers in the green and blue economies and facilitating internships and co-op placements… contact us if you’re interested in hosting!

Meanwhile we are doing some exciting work related to skills and training for the clean energy industry, and finishing our work developing net zero pathways for our offshore oil and gas industry.

This is just the tip of iceberg of what we expect will be a banner year for econext; we have an incredible team in place which I know is going to have a very tangible impact on accelerating clean growth in Newfoundland and Labrador in 2024.

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These folks are going to be busy and through 2023 we planted many seeds that we expect to sprout in the months ahead. Stay tuned.

Indeed, Newfoundland and Labrador’s clean growth future really began to take shape in 2023. Even since my last note in July, there has been a long list of developments that will help shape activity in the province 2024 and long after. From the release of critical minerals plans provincially and programming nationally, to the advancement of wind-to-hydrogen projects through the province’s crown lands process and the introduction federally of draft legislation for clean hydrogen tax credits, to the launch of a new provincial CCUS Innovation Challenge, to new bilateral energy agreements with other provinces and the federal government… Newfoundland and Labrador is not just well positioned to be a green leader – the train has left the station.

And this is just a sample of some of the developments this past Fall. The speed at which these things is happening can be difficult to keep track of – not to mention to understand how they may create opportunities for your business! econext is here to help. Are you a member and would like to meet with our team to help you explore or identify opportunities? Please get in touch. Whether you want to explore international markets, identify better uses for your waste streams, understand how you should be adapting to climate change, or see how you can become more productive and innovative – we’ve got someone on the team here who can help.

Lastly, but no less important, this year econext is committed to doing a better job of highlighting the successes of our members – either from a business or environmental perspective. So when you’ve accomplished something that you want to share, please send along your good news to us and we will do our part.

Wishing you a successful 2024,

// Kieran Hanley
CEO

econext releases ocean cleantech webinar series to help SMEs identify international innovation partners in Germany, Ireland, and the UK

Through 2023 econext has released a series of webinars available via its Online & On-Demand platform focused on ocean-based clean technologies.

In the series, three markets with strengths related to clean ocean technologies are explored – Germany, Ireland, and the UK – with a focus on existing clusters and networks, key organizations, and research groups that are leading innovation in the blue/green economies.

Content is available for free in multiple formats; users can choose whether they wish to learn vie video, audio, and/or text.

SMEs in Atlantic Canada wishing to learn more about potential partners identified are encouraged to contact econext staff who can work on your behalf to facilitate an introduction.

Click Here to Access

econext seeking member feedback for new provincial Climate Action Plans

The Department of Environment and Climate Change is seeking input on the development for its new Climate Change Action Plans. Details can be found at the following link:
https://www.gov.nl.ca/releases/2023/ecc/1101n03/

econext will provide detailed input from its membership. If you have ideas on how Newfoundland and Labrador can tackle Climate Adaption and/or Climate Change Mitigation that you would like to share with us, please feel free to send your comments directly to Sara Jafari, (sara@econext.ca).

Deadlines
The deadline to have your feedback into econext is December 7, 2023. Additionally, we encourage you to also fill out the provincial government questionnaire. The deadline to provide direct provincial deadline is December 13, 2023.