Grants and Contributions:
Title:
1014414
Agreement Number:
1014414
Agreement Value:
$1,725,000.00
Agreement Date:
Jul 18, 2023 - Jun 30, 2024
Description:
To accelerate the commercialization of Formula Solutions Inc.'s innovative jet engine cascade manufacturing process.
Organization:
Federal Economic Development Agency for Southern Ontario
Expected Results:
To achieve one or more of the following departmental results, i) Businesses in southern Ontario invest in the development and commercialization of innovative technologies, ii) Businesses in southern Ontario are innovative and growing; and iii) Communities are economically diversified in southern Ontario.
Location:
BURLINGTON, Ontario, CA L7L 6X7
Reference Number:
062-2023-2024-Q4-00083
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
764088712
Recipient Type:
For-profit organization
Amendment Date
Mar 14, 2024
Recipient's Operating Name:
Formula Solutions Inc.
Recipient's Legal Name:
FORMULA SOLUTIONS INC.
Federal Riding Name:
Oakville North-Burlington
Federal Riding Number:
35073
Program:
Business Scale-up and Productivity (BSUP)
Program Purpose:
To accelerate the growth of firms and assist with the adoption and adaptation of new, innovative technologies that support scale-up, productivity, development of and entry into new markets to help companies become globally competitive.
Coverage:
To achieve one or more of the following departmental results, i) Businesses in southern Ontario invest in the development and commercialization of innovative technologies, ii) Businesses in southern Ontario are innovative and growing; and iii) Communities are economically diversified in southern Ontario.
NAICS Code:
336410
Amendments: