Agreement Value:
$7,239,000.00
Agreement Date:
Aug 22, 2018 - Jun 30, 2023
Description:
Use quantum technology to develop new security tools that large enterprises (such as financial institutions and governments) can easily adopt to protect information and communication technology (ICT) between people, services and networks.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
This project will help protect against the potential risk to Canadians associated with security breaches of personal information and also result in creation of new IP technologies in Canada.
Location:
WATERLOO, Ontario, CA N2L0A9
Reference Number:
033-2018-2019-Q4-811868
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
813309788
Recipient Type:
For-profit organization
Additional Information:
The amendment has been completed to extend the project agreement end date from February 28, 2037 to May 31, 2043. This is a conditionally repayable contribution.
Amendment Date
May 8, 2023
Recipient's Operating Name:
ISARA Corporation
Recipient's Legal Name:
ISARA Corporation
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.