Grants and Contributions:
Title:
815859
Agreement Number:
815859
Agreement Value:
$2,000,000.00
Agreement Date:
Jun 2, 2021 - Mar 31, 2024
Description:
The company needs to adopt new manufacturing equipment in order to commercialize its bio word adhesive product for use in products such as medium density fibreboard and particleboard
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:
Mississauga, Ontario, CA L5N 8A3
Reference Number:
062-2021-2022-Q4-00056
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
103385571
Recipient Type:
For-profit organization
Recipient's Operating Name:
Lorama Group Inc
Recipient's Legal Name:
Lorama Group Inc
Federal Riding Name:
Mississauga--Streetsville
Federal Riding Number:
35063
Program:
Business Scale-Up
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:
325510