Grants and Contributions:

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Title:

Arctic Defense Readiness Initiative - Maritime and Aerial Capability Acquisition

Agreement Number:

2526-CN-000151

Agreement Value:

$4,547,305.00

Agreement Date:

Apr 1, 2025 - Mar 31, 2027

Description:

Sedna ROV Services Inc. is receiving non-repayable funding for a two-year project to acquire Arctic-capable, dual-use marine and aerial assets

Organization:

Canadian Northern Economic Development Agency

Expected Results:

The project will result in the acquisition of 3 key major capital assets as well as activities required to operationalize these assets. The project will create 3 jobs, maintain 2 jobs, and expand 2 jobs while supporting business scale up of a 100% Inuit owned SME.

Location:

IQALUIT, Nunavut, CA X0A 2H0

Reference Number:

0780-2025-2026-Qrt4-0000017

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

796257525

Recipient Type:

For-profit organization

Recipient's Operating Name:

SEDNA ROV SERVICES INC.

Recipient's Legal Name:

SEDNA ROV SERVICES INC.

Federal Riding Name:

Nunavut

Federal Riding Number:

62001

Program:

Regional Defence Investment Initiative

Program Purpose:

The RDII aims to accelerate the integration of businesses and regional ecosystems into domestic and international defence supply chains and increase their industrial and innovation capacity.