Grants and Contributions:
Title:
228375
Agreement Number:
228375
Agreement Value:
$2,500,000.00
Agreement Date:
Mar 27, 2026 - Sep 30, 2027
Description:
Develop and deliver marine simulation-based training solutions for defence requirements
Organization:
Atlantic Canada Opportunities Agency
Expected Results:
To achieve one or more of the following departmental results, i) Businesses are innovative and growing in Atlantic Canada, ii) Businesses invest in the development and commercialization of innovative technologies in Atlantic Canada; and iii) Communities are economically diversified in Atlantic Canada.
Location:
Paradise, Newfoundland & Labrador, CA A1L 4A2
Reference Number:
276-2025-2026-Q4-00164
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
860049030
Recipient Type:
For-profit organization
Additional Information:
The assistance type is Repayable Contribution.
Recipient's Operating Name:
Virtual Marine
Recipient's Legal Name:
Virtual Marine Technology Inc.
Program:
REGI-BSP-Regional Defence Investment Initiative (RDII)
Program Purpose:
To invest in and support businesses at various stages of development, including high-growth firms to accelerate their growth and assist them in scaling up, enhance their productivity and competitiveness in both domestic and global markets.