Press Release
From: Atlantic Canada Opportunities Agency
Challenge aims to reduce costs for fishing boat owners and lower greenhouse gas emissions
July 31, 2019 – Moncton, NB – Atlantic Canada Opportunities Agency
Canada is an ocean nation and home to a valuable fisheries industry. Fueling innovation to increase the creation and adoption of clean technologies in key sectors of the Canadian economy, like fisheries, will lead to better stewardship and sustainability of jobs in the industry and the environment for years to come.
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and minister responsible for the Atlantic Canada Opportunities Agency (ACOA), today launched the ACOA Hull Design Efficiency Challenge and encouraged boat builders, designers and entrepreneurs to submit hull designs that will reduce fuel use.
The challenge consists of three stages, including the initial application intake that starts today. ACOA will invest up to $740,000 during the next two stages of the challenge:
This challenge supports the Government of Canada’s Innovation and Skills Plan, a multi-year plan to make Canada a global innovation leader and prepare Canadians to succeed in tomorrow’s economy. It also supports action on climate change to reduce greenhouse gas emissions and the goals of the Ocean Supercluster to accelerate innovation and commercialization to drive increased sustainable economic growth from our oceans.
Quotes
“There are approximately 13,000 inshore fishing boats in Atlantic Canada, which means there’s a substantial potential market for the innovations we’re supporting. The Hull Design Efficiency Challenge will motivate the region’s boat builders to design a hull that uses less fuel than conventional boats. An improved hull design will reduce operating costs, lower greenhouse gas emissions and their impact on the environment, while fueling innovation and creating jobs in the boat building industry.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA
Quick facts
Associated links
Contacts
Ronald Levesque
Senior Communications Officer
Atlantic Canada Opportunities Agency
506-871-0721
Ronald.Levesque@Canada.ca
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