Grants and Contributions:
Title:
816046
Agreement Number:
816046
Agreement Value:
$36,000,000.00
Agreement Date:
Jun 1, 2022 - Jun 30, 2027
Description:
Development of power efficient connectivity technologies for AI/ML in Data Centers
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
A successful outcome will result in increased power and efficiency for customers, enabling more complex artificial intelligence and machine learning (AI/ML) workloads and decreased energy consumption.
Location:
Kanata, Ontario, CA K2K2X1
Reference Number:
033-2022-2023-Q4-816046
Agreement Type:
Other transfer payment
Report Type:
Grants and Contributions
Recipient Business Number:
826931883
Recipient Type:
For-profit organization
Additional Information:
This is a fully repayable contribution
Recipient's Operating Name:
Ranovus Inc.
Recipient's Legal Name:
Ranovus Inc.
Federal Riding Name:
Kanata--Carleton
Federal Riding Number:
35041
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:
334110