Title:
Industrial 5th Generation (i5G)
Agreement Value:
$14,000,000.00
Agreement Date:
Mar 1, 2020 - Mar 1, 2024
Description:
This project will design and manufacture an end-to-end 5G wireless product, optimizing the efficiency and resiliency of networks capable of meeting the specific needs of its customers in the oil and gas, and mining sectors.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
The company had planned to enhance its core technology to produce its next-generation of telecommunication products to meet the global demand for the industrial 5G market.
Location:
Markham, Ontario, CA L3R0E8
Reference Number:
033-2020-2021-Q4-815595
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
873038475
Recipient Type:
For-profit organization
Additional Information:
The Strategic Innovation Fund (SIF) contribution agreement was terminated due to the acquisition of Redline Communications Inc. The agreement was terminated on 2022-07-04 with a total of $2.05M repaid to the Crown.
Amendment Date
Jul 4, 2022
Recipient's Operating Name:
Redline Communications Inc.
Recipient's Legal Name:
Redline Communications Inc.
Federal Riding Name:
Markham--Unionville
Federal Riding Number:
35056
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.