Grants and Contributions:

Back to search

Title:

813003

Agreement Number:

813003

Agreement Value:

$49,000,000.00

Agreement Date:

Dec 4, 2019 - Jun 30, 2031

Description:

Establishment of a new global Intelligence and Cyber Centre of Excellence in Vancouver, to create technologies and standards for cyber security solutions that ensure the safe use of devices over the internet.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The investment will allow the company to improve its ability to supply customers with advanced cyber products and services in the financial services and other sectors, expand its suite of products and bring new and innovative products and services to the global market. And, to enhance the cyber security ecosystem.

Location:

Vancouver, British Columbia, CA V6C2B3

Reference Number:

033-2019-2020-Q3-813003

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

861438497

Recipient Type:

For-profit organization

Additional Information:

Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from the end of the work phase of the project (30/06/2024) to the current end date of the contract (30/06/2031). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period. The original start date was updated to reflect the correct execution date.

Amendment Date

Mar 31, 2026

Recipient's Operating Name:

Mastercard Technologies Canada ULC

Recipient's Legal Name:

Mastercard Technologies Canada ULC

Federal Riding Name:

Vancouver Centre

Federal Riding Number:

59034

Program:

SIF Stream 3 - Attraction

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