ARCTIC Challenges

“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?

  1. Following a dialogue process, partners from the resource sector nominate an industry issue to become the ARCTIC Challenge.
  2. 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.
  3. 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

Industry Consultation

Innovation need
defined
(3 months)

Innovation Sprint

5 prototypes developed(6 months)

Field Trials

Prototype Tested by Industry(12 months)

Commercialization Process

Proven products move to market

Industry Consultation
  • Dialogues will be hosted to identify pressing industry challenges that need advanced technology innovations.
  • A broad group of industry and clean tech innovators will be reached.
  • 5 groups will be selected by a jury of industry, investors and experts for each 6-month sprint.
Innovation Sprint
  • The 5 firms for each sprint will receive funding support to develop a prototype within 6 months.
  • Mentorship and business support will be provided by Foresight to help accelerate an idea from concept to prototype and from seed to first funding.
Field Trials Commercialization
  • The industry sponsor will select at least one prototype for field testing.
  • Foresight will provide project management oversight, an Executive-in-Residence, lab and office space, and business support to help the company move towards commercialization.

Industry Consultation

  • Dialogues will be hosted to identify pressing industry challenges that need advanced technology innovations.
  • A broad group of industry and clean tech innovators will be reached.
  • 5 groups will be selected by a jury of industry, investors and experts for each 6-month sprint.

Innovation Sprint

  • The 5 firms for each sprint will receive funding support to develop a prototype within 6 months.
  • Mentorship and business support will be provided by Foresight to help accelerate an idea from concept to prototype and from seed to first funding.

Field Trials Commercialization

  • The industry sponsor will select at least one prototype for field testing.
  • Foresight will provide project management oversight, an Executive-in-Residence, lab and office space, and business support to help the company move towards commercialization.

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