Application closed.
First round results announced to semi-finalists.
Summary of the contest
What?
A forest innovation BUSINESS contest – we are making a call for new,creative and sustainable proposals for forestry and related businesses to achieve humanity’s survival challenges. Business idea would use any asset of WAPRES such as forest, plantation, water, land and space. Join this journey of innovation and see your idea come alive!
Where?
The main field of implementation is envisioned to be Western Australia, where
Marubeni/ WAPRES have extensive plantations. But, in some cases, we may
also consider ideas for other regions.
Who?
Open to any stakeholders (above 16years old) : Individuals, ventures, larger
businesses, NPO, universities and students, etc.
When?
The application period is between 7th June and 31st August.
How?
Use the application form on the web.
If you have ANY questions, please do not hesitate to contact Marubeni Forestry Division through:
Forest-innovation@marubeni.com
Background
Forests support the livelihood of millions of people on Earth and play an essential role in the maintenance of key ecosystem services.
With a sustainable and creative approach to forest management, there is a huge potential of forests to provide economically viable solutions to some of the major challenges that humanity is facing. Overcoming these four challenges is also crucial to the achievement of Sustainable Development Goals (SDGs) 2 (food), 6 (water), 7 (energy), 13 (climate change), and 15 (life on land).
Participation Categories and Awards
Evaluation Committee will select the proposals that it considers to be the best for commercialization in Category 1 and 2 (further described below) depending on the category selected by the winner upon application. Thereafter, Marubeni will conduct further feasibility studies for potential commercialization. If the results of the field tests are favorable and Marubeni believes that the proposal is suitable for commercialization, Marubeni may proceed with commercialization in the manner of the category selected by the winner at the time of application.
The applicants for MFIBC must state in their applications which one of the two categories their proposal is intended for.
Category01 USD 30,000
You submit your business idea, which, if selected, may be commercialized by Marubeni at its sole discretion.
Any Intellectual Property Rights (defined in “Call for Proposals”) and business development rights relating to the winning business idea shall be transferred entirely to Marubeni upon Marubeni’s notification of winning the award to the winner.
Category02 USD 15,000+ ongoing engagement/joint incubation support
You submit your business project, which, if selected, may be developed in a joint business relationship with Marubeni and the winner(s). Marubeni may support the winner(s) in the joint business relationship via ongoing incubation and onsite support to develop the business idea.
The details of the business relationship will be determined in discussions between Marubeni and the winner(s).
A feasibility study shall be conducted for a maximum period of three (3) years with annual clear goals and timelines.
Marubeni will hold a majority interest in any joint venture with the winner(s).
Evaluation Criteria
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Sustainability impact
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Scalability/ replicability/ potential applicability
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Feasibility/ innovativeness/ business development potential
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Supporting criteria:
Scientific or other evidence
Evaluation Committee
The evaluation committee of MFIBC 2021 will consist of:
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Marubeni Corporation
A Japanese leading company who trades forest products
Corporate Website -
WA Plantation Resources Pty Ltd
One of the largest company in the wood fiber industry in Western Australia (WA)
Corporate Website -
Next Leaders’ Initiative for Sustainability (NELIS) and other external experts
Experts in forests, sustainability, start-ups, and sustainable business generation.
Application and
Selection Process
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- June 7, 2021
- Launch of Call for proposal
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- August 31st, 2021
- Deadline for applications
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- September 30th, 2021
- First round results announced (eight semi-finalists)
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- Mid-November, 2021
- Second round results announced (four finalists)
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- End-January, 2022
- Announcement of winner(s)
Eligibility
MFIBC is open to a large variety of global and local (Western Australia/Australia) stakeholders:
Individuals, ventures, larger businesses and other commercial entities, non-profit organizations, universities and students, and individuals with a passion for forests, forestry, and sustainable businesses. Only proposals that contain both a sustainability perspective (social and environmental angle) and a business and/or clear economic value proposition will be taken into consideration.
The applicant must indicate whether the application is intended for Category 1 or Category 2 (see above).