Open Innovation Aims to Reduce Carbon Footprint

By • on March 2, 2013

The Crowdsourcing website reported that the Canadian Climate Change and Emissions Management Corporation (CCEMC) has partnered with open innovation intermediary NineSigma to launch a Grand Challenge aiming to find innovative uses for carbon. CCEMC is looking to find and fund ways of converting greenhouse gasses (GHGs) into valuable carbon-based products. The challenge is made up of three rounds of funding, with grants totaling $35 million (Can) over five years. CCEMC and NineSigma recently opened the first part of the challenge, which will provide $500,000 in funding for up to 20 companies.

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