Grants and Contributions

About this information

In June 2016, as part of the Open Government Action Plan, the Treasury Board of Canada Secretariat (TBS) committed to increasing the transparency and usefulness of grants and contribution data and subsequently launched the Guidelines on the Reporting of Grants and Contributions Awards, effective April 1, 2018.

The rules and principles governing government grants and contributions are outlined in the Treasury Board Policy on Transfer Payments. Transfer payments are transfers of money, goods, services or assets made from an appropriation to individuals, organizations or other levels of government, without the federal government directly receiving goods or services in return, but which may require the recipient to provide a report or other information subsequent to receiving payment. These expenditures are reported in the Public Accounts of Canada. The major types of transfer payments are grants, contributions and \'other transfer payments\'.

Included in this category, but not to be reported under proactive disclosure of awards, are (1) transfers to other levels of government such as Equalization payments as well as Canada Health and Social Transfer payments. (2) Grants and contributions reallocated or otherwise redistributed by the recipient to third parties; and (3) information that would normally be withheld under the Access to Information Act and the Privacy Act.

Found four records

$30,000.00

Aug 30, 2021

For-profit organization

Agreement:

Assisting in building a machine predictive application for the FracSol Platform (YEP)

Agreement Number:

977846

Duration: from Aug 30, 2021 to Mar 31, 2022
Description:

Our IoT platform, FracSol, will be the only complete completions monitoring & analytical SaaS in the market. It is not only acquiring surface data and visualize frac events, but also analyzes frac interactions, display connectivity on the geospatial map, and will provide frac stimulation solutions by its analytics and machine learning capabilities.

Organization: National Research Council Canada
Program Name: Industrial Research Assistance Program – Youth Employment Program
Location: Calgary, Alberta, CA T2P 4K9

$30,000.00

Jun 1, 2021

For-profit organization

Agreement:

Youth Employment Program (YEP)

Agreement Number:

973141

Duration: from Jun 1, 2021 to Mar 31, 2022
Description:

Revsolz's IoT platform, FracSol, will be the only complete completions monitoring & analytical SaaS in the market. It will acquire surface data and visualize frac events, and also analyzes frac interactions, display connectivity on the geospatial map, and will provide frac stimulation solutions using analytics and machine learning capabilities.

Organization: National Research Council Canada
Program Name: Industrial Research Assistance Program – Youth Employment Program
Location: Calgary, Alberta, CA T2P 4K9

$355,000.00

Jun 1, 2021

For-profit organization

Agreement:

Building predictive analytical (Machine Learning) module, in FracSol platform.

Agreement Number:

975803

Duration: from Jun 1, 2021 to Feb 29, 2024
Description:

FracSol IoT platform will be the only complete completions monitoring & analytical SaaS in the market. It is not only acquire surface data and visualize frac events, but also analyzes frac interactions, display connectivity on the geospatial map, and will provide frac stimulation and prediction solutions by its analytics and machine learning capabilities.

Organization: National Research Council Canada
Program Name: Industrial Research Assistance Program – Contributions to Firms
Location: Calgary, Alberta, CA T2P 4K9

$50,000.00

Nov 1, 2020

For-profit organization

Agreement:

Developing treatment well monitoring module

Agreement Number:

958824

Duration: from Nov 1, 2020 to Mar 15, 2021
Description:

The Software Solution (FracSol) is the only complete completions monitoring & analytical software in the market. It acquires surface data and visualizes frac events, then analyzes frac interactions, displays connectivity on a geospatial map, and provides frac stimulation solutions using its analytics and machine learning capabilities.

This project is to finalize the treatment well technical concept, hardware architecture, define the UI/UX front end, complete the integration into the Software solution and begin testing of the overall Integrity and reliability of the system.

Organization: National Research Council Canada
Program Name: Industrial Research Assistance Program – Contributions to Firms
Location: Calgary, Alberta, CA T2P 3N4