Spur New Business Ideas Through Innovation Challenges

On-going

Way Forward Commitment:

Our government is looking for entrepreneurs and creative thinkers who are interested in coming up with new ways to solve problems. Innovation challenges are a creative and increasingly common use of public funding that calls on individuals, businesses and community partners to enter competitions to design new solutions to old problems. Innovation challenges encourage outside-the-box thinking to address social, economic or technological problems, where no solution exists or where current solutions are inadequate. To help drive innovation in Newfoundland and Labrador, our government will launch its first innovation challenge in 2018-19 through the Newfoundland and Labrador Innovation Council. Innovation challenges have the potential to spur new business activity and investment.

What We’ve Accomplished:

  • TCII has established an internal working group to prepare program guidelines and determine the innovation challenges for the 2018-19 workplan. The first Innovation Challenge will be issued in Spring 2019.