Grants and Contributions:
Title:
1018091
Agreement Number:
1018091
Agreement Value:
$2,000,000.00
Agreement Date:
Jun 24, 2024 - Jul 31, 2027
Description:
To enhance manufacturing capabilities to produce electric and lightweight vehicle components.
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:
NEWMARKET, Ontario, CA L3Y 9C7
Reference Number:
062-2024-2025-Q3-00012
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
897445847
Recipient Type:
For-profit organization
Recipient's Operating Name:
Palcam Technologies Ltd.
Recipient's Legal Name:
Palcam Technologies Ltd.
Federal Riding Name:
Newmarket-Aurora
Federal Riding Number:
35065
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:
336390