Grants and Contributions:
Title:
1016931
Agreement Number:
1016931
Agreement Value:
$414,911.00
Agreement Date:
Nov 7, 2023 - Mar 31, 2026
Description:
To expand production capacity and increase energy efficiency during production of its cutting-edge tools for the construction industry.
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:
VARS, Ontario, CA K0A 3H0
Reference Number:
062-2024-2025-Q1-00015
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
819389586
Recipient Type:
For-profit organization
Recipient's Operating Name:
Innovatools Inc.
Recipient's Legal Name:
Innovatools Inc.
Federal Riding Name:
Glengarry-Prescott-Russell
Federal Riding Number:
35031
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:
333519