International Financial Institutions (IFIs) provide hundreds of millions of dollars annually to the Caribbean region for development projects that span a multitude of sectors. In turn, these create a variety of procurement and financing opportunities for private sector firms of all sizes. But what do these opportunities look like? How are they sourced and what does it take to secure them?
Join us on the morning of October 3rd for a virtual information session to learn more about the types of opportunities generated by IFIs in the Caribbean region, and the success factors for securing procurement and accessing finance.
This Request for Proposals (the “RFP”) is being issued by the Oil and Gas Corporation of Newfoundland and Labrador (“Oilco”) and its partners Energy NL and econext, collectively who have formed The Net Zero Project to assess the technical and economic implications of achieving net zero emissions offshore Newfoundland and Labrador. This client group is interested in having prospective proponents submit proposals for a CO2 Storage Resource Assessment Offshore Newfoundland and Labrador, Canada.
A Welsh businesses delegation is traveling to Newfoundland and Labrador in September seeking collaboration with like minded partners. Wales has a similar profile to NL in terms of scale and business types. Some of the businesses have products / services that might be of interest to econext members. The visiting businesses include:
Menter Mônhttps://www.mentermon.com/en/ is a not-for-profit social enterprise that delivers projects and services across Northwest Wales. They are working across the renewables supply chain as they are the host organisation for the Tidal Morlais project. Morlais is the largest UK tidal energy development run by a social enterprise. Mentor Mon is also involved in wind; solar and Hydrogen projects, open to sharing their experiences.
Real Icehttps://www.realice.eco/ is a company that is developing innovative renewable energy powered devices to help re-ice the arctic. Their devices use renewable energy sources to pump sea water from below the ice and drip & spray it on top as a new ice layer. They are looking at hydrogen powered devices to provide the backbone of the technology. They are looking for partners in Canada.
Gaia Hirehttps://gaiagroupuk.com/ are in the business of supporting construction site to reduce their CO2 and fuel usage by up to 80%. They are seeking to work with construction firms.
KnitMesh Technologieshttps://knitmeshtechnologies.com/ manufactures bespoke knitted mesh for use in hydrogen production processes such as water electrolysis, fuel cells, chlor-alkali and power-to-gas. They are open to working with those involved in Hydrogen production.
TOMOE Valveshttps://tomoeeurope.com/ has become a leader in the production of high quality and technically advanced butterfly valves, actuators and control systems. TOMOE products can be found operating in a wide range of industries worldwide including oil & gas, petrochemical, marine, water treatment, building services, food & beverage and power generation, forming a trusted and reliable part of the process in each and every application. They are looking at valves applications for clean tech.
Should you have an interest in meeting any of the Wales delegate companies, please contact mission organizer Tony Aggarwal of Kinetic Cubed at taggarwal@kinetic3.co.uk.
econext, in partnership with the Atlantic Canada Opportunities Agency (ACOA) and the Department of Industry, Energy, and Technology (IET), is continuing its work assisting firms in the investigation of and pursuit of international business opportunities in the Caribbean region, with particular focus on the Green and Blue Economies.
Registration will be closing September 16, 2022 for the Fall mission to the Caribbean region with an intent to focus travel primarily around the business week of November 21-25, 2022.
Each delegate firm/organization may select to receive support services in up to two markets.
What's Included
Participants in this trade mission will receive:
Matchmaking and Mission Support provided by Amber Mackereth Consulting
Hotel Block/Group Rate*
Airport Transfers In-Market
Networking Reception(s)*
Ground Transportation to Off-Site Meetings
In-market Debriefs/Troubleshooting Sessions*
Mission Follow-Up Services/After-Care
Travel Stipend: Delegates are responsible for their own travel costs. However, a travel subsidy from IET may be available for eligible NL participants.
*in anchor markets/markets with sufficient delegate presence
Interested in participating in the mission to do your own follow-up meetings? Consider registration as an Associate Delegate!
To register for the Fall mission, companies must meet the following criteria:
Clear financial standing with econext and its funding partners ACOA and IET
Completion of registration form and mission profile
Confirmed payment of registration fee – $600.00 + HST for Full Delegate | $200.00 + HST for Associate Delegate
Demonstrated export readiness/market research
Confirmation of flight itinerary by October 7, 2022.
It is highly recommended that firms considering this trade mission have completed preliminary market analysis/research.
COVID-19 Considerations
The guidelines put in place by the Government of Canada as identified under Global Affairs Canada Travel Advisory and Advice must be adhered to including any other travel restrictions and protocols that may apply: https://travel.gc.ca/travelling/advisories
Eligible Markets: While target markets are customizable, destinations will only be considered eligible when the travel advisory is set at risk level one or two.
Companies will be expected to exercise due diligence when selecting markets and planning travel.
Public health guidance including mask mandates and entry/exit requirements will vary between jurisdictions.
econext and its partners assume no responsibility, in whole or in part, for delegate travel complications, delays, or interruptions including those related to health restrictions.
Delegates are strongly encouraged to consult with their travel insurance providers prior to travel.
The following links provide additional information related to international travel. Please refer to the Government of Canada’s links for the latest travel restrictions, exemptions, and advice:
Our missions are customizable! We believe that each delegate should select markets that make sense based on your own objectives and market research instead. Receptions, briefing sessions, etc. will take place in “anchor markets”, or markets seeing significant delegate presence.
What happens if public health guidance changes regarding non-essential travel?
Should econext decide that travel to the region is no longer advisable prior to the creation of mission meeting programs, the mission may be postponed.
If travel restrictions change after matchmaking has begun, the mission may pivot to a virtual format. It takes considerable time and effort to create and confirm tailored meeting programs, and delegates will be expected to devote similar attention and effort to the execution of a virtual program if need be.
Registration deadline for this mission is September 16, 2022, however early registration is encouraged!
*Please note that there are a limited number of spaces available for this opportunity and that meeting the minimum eligibility criteria does not guarantee registration.*
If you have any questions about the econext Fall Mission, Please Contact Abbie at abbie@econext.ca.
The Ocean Startup Challenge helps turn entrepreneurial ideas or technology into a wave of opportunity! For 2022, the Ocean Startup Challenge is focusing on idea/early stage ocean startups with a TRL of 4 and below, and supporting innovators who are leveraging Canadian ocean assets and capabilities to develop technologies that can be applied to global ocean problems.
Winning teams will receive up to $40,000 in awards, with invaluable business development supports with programming, mentorship, one-on-one sessions with our Executives-in-Residence and industry experts, networking opportunities and more, as part of the program, which runs until March 2023.
Challenge:
Develop a technology and/or process that allows ports to maximize the role that they can play in electricity supply and demand management to the benefit of electricity grids.
Ports in Canada will play an important role in the pursuit of net zero. Through the use and provision of electrification and/or clean fuels, their infrastructure will be key in decarbonizing marine transportation and industry and economic activity that relies on marine transportation. Some ports will become hubs for the export of hydrogen or other clean fuels. With ports prospectively featuring substantive energy storage infrastructure, it is possible for them to play an important role in helping to levelize and manage grid electricity demand.
The Ocean Startup Challenge helps turn entrepreneurial ideas or technology into a wave of opportunity! For 2022, the Ocean Startup Challenge is focusing on idea/early stage ocean startups with a TRL of 4 and below, and supporting innovators who are leveraging Canadian ocean assets and capabilities to develop technologies that can be applied to global ocean problems.
Winning teams will receive up to $40,000 in awards, with invaluable business development supports with programming, mentorship, one-on-one sessions with our Executives-in-Residence and industry experts, networking opportunities and more, as part of the program, which runs until March 2023.
Challenge:
Develop a more reliable and lower-cost technology and/or process to monitor and manage the subsea assets of clean energy infrastructure that will withstand the challenges presented by the North Atlantic (e.g., icebergs, geology, weather conditions).
Subsea clean energy infrastructure is being installed in a wide variety of different jurisdictions and applications around the world. This includes the subsea electricity cables associated with the transmission of electricity, along with the more traditional subsea infrastructure like moorings, foundations, etc. that are required for offshore energy developments. The prospect of offshore wind development, the electrification of offshore facilities, increased electricity transmission between jurisdictions, and in situ marine vessel charging is likely to require increased subsea clean energy infrastructure on an international scale – including Canada. Ensuring maximum reliability at a low cost through digitalization and remote operations will become increasingly important and contribute to emissions reductions.
Delta Hotel and Conference Centre
Tuesday, July 26 (12:30pm – 3:00pm)
With so much coastline, it is no surprise that Canada’s ocean sector has a rich history of innovation and leadership in the blue economy. On Tuesday, July 26, OceansAdvance will bring together the local community and Innovate Canada delegates to discuss Canada’s history of ocean innovation and the ways in which it continues to lead the blue economy, globally.
This event coincides with Innovate Canada, organized by Destination Canada along with local hosts, the City of St. John’s and Destination St. John’s. Innovate Canada showcases the ground-breaking work taking place across Canada’s ocean industries to position Canada as a host for future international conferences and events, and investment.
The luncheon will feature a Keynote from Steven Adler, CEO and Founder of The Ocean Data Alliance, and will be followed by a panel moderated by The Economist Group’s, Tatiana der Avedissian, with global oceans experts.
Global Oceans Leaders Panel Discussion
A panel of international ocean experts will discuss their experiences relating to their respective organizations and their impressions on what they feel sets Canada apart in the global blue economy. The session will also feature a Q&A session and will be followed by an opportunity to network with the panelists and all of the Innovate Canada C-suite executives and members of the international media.
Panelists:
Rich Lawson, CEO of the International Ocean Science and Technology Industry Association (IOSTIA), a trade association to provide a voice for companies involved in the various ocean science and technology business sectors primarily outside of the oil and gas industry.
Paul Holthus, Founding President & CEO, World Ocean Council (WOC), a global, cross-sectoral ocean industry leadership alliance committed to “Corporate Ocean Responsibility”, developed by and for the private sector, with a unique and multi-sectoral approach to address cross-cutting issues affecting ocean sustainable development, science and stewardship of the seas.
Steven Adler, CEO, Ocean Data Alliance, had its launch at The United Nations, and is working on business solutions to critical ocean challenges.
The amazing companies in our intensive Evolution program have been working hard for eight weeks. The top start-ups have been selected to compete in this edition of Pitch & Pick! A panel of expert industry judges will crown the winner, and the audience will be able to vote for a Community Choice recipient. Join us on August 2nd at Emera Innovation Exchange and reconnect with the startup community!
Non-medical mask use is recommended for attendees. Doors will open at 1:30 p.m. A networking reception will follow the competition.
A special thanks to our Evolution supporters Ray Agency, Springboard Atlantic, BDO Canada, TD Canada, Hickman Group, and Cox & Palmer for making this event possible.
Join econext Staff and Board of Directors at our Member Summer Social!
Wed, 13 July 2022
3:00 PM – 5:00 PM NDT
econext Staff and Board of Directors are looking forward to networking with our members in-person once again! Join us on July 13, 2022 for our summer networking social with your fellow econext members!
Refreshments and light hors d’eourves will be served.
*Please note that while this event is free, registration is required. Capacity is limited, so please cancel your reservation if you can no longer attend.*
