Grants and Contributions:
Title:
1016963
Agreement Number:
1016963
Agreement Value:
$1,500,000.00
Agreement Date:
Nov 7, 2023 - Mar 31, 2026
Description:
To position the firm as a leader in artificial intelligence-powered software-as-a-service solutions for business optimization by investing in developing and commercializing a cloud-based machine learning-driven pipeline.
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:
OTTAWA, Ontario, CA K1P 5V5
Reference Number:
062-2024-2025-Q1-00018
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
898693759
Recipient Type:
For-profit organization
Recipient's Operating Name:
Larus Technologies Corporation
Recipient's Legal Name:
Larus Technologies Corporation
Federal Riding Name:
Ottawa Centre
Federal Riding Number:
35075
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:
5112