Timing of future competitions

The CFI Board has determined that it would be premature to launch another Innovation Fund competition in the Fall of 2004 as originally envisaged. Rather, the Board wishes to reflect on how best the CFI can fulfill its mandate and to engage in a dialogue with its stakeholders on this matter. The Board expects to come to a decision on an approach by February 2005, including the timing of the next competition. The results of the Board's reflection will be widely communicated following its February 2005 meeting.