Grants and Contributions:

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Title:

511755

Agreement Number:

511755

Agreement Value:

$6,531,000.00

Agreement Date:

Aug 22, 2018 - Sep 30, 2023

Description:

Leverage recent advances in quantum technology to develop new and improved medical devices that will allow researchers to study diseases and produce new medicines more efficiently.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The primary immediate goal of the company is to introduce a family of ESR spectrometers and sub-systems to measure and control microscale spin systems interfaced with high-sensitivity superconducting quantum electronics with the goal of disrupting the protein structure measurement market and revolutionizing drug target identification in the pharmaceutical industry.

Location:

Waterloo, Ontario, CA N2L0A7

Reference Number:

033-2018-2019-Q4-511755

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

820746931

Recipient Type:

For-profit organization

Additional Information:

The amendment has been completed to extend the project from 2023-03-31 to 2023-09-30. This is a repayable contribution.

Amendment Date

Sep 15, 2022

Recipient's Operating Name:

High Q Technologies Inc.

Recipient's Legal Name:

High Q Technologies Inc.

Federal Riding Name:

Waterloo

Federal Riding Number:

35112

Program:

SIF Stream 1- R&D

Program Purpose:

-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

541514

Amendments:

See Amendments