Title:
Research & development for Advanced Mobile Networks, Artificial Intelligence and Quantum
Agreement Value:
$79,100,000.00
Agreement Date:
Oct 2, 2024 - Jul 31, 2033
Description:
This project aims to advance 5G technology and boost research & development and wireless networking technologies in Canada.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
This investment will support Ericsson Canada to attract future mandates to Canada to broaden Canada’s patent portfolio within 5G and the evolution towards 6G, cloud Radio Access Network (RAN) advanced, Artificial Intelligence (AI) and quantum communications and bolstering Ericsson's footprint in Canada.
Location:
Mississauga, Ontario, CA L4W5K4
Reference Number:
033-2024-2025-Q3-819849
Agreement Type:
Other transfer payment
Report Type:
Grants and Contributions
Recipient Business Number:
134398312
Recipient Type:
For-profit organization
Additional Information:
This is a partially conditionally repayable contribution.
Recipient's Operating Name:
Ericsson Canada Inc.
Recipient's Legal Name:
Ericsson Canada Inc.
Federal Riding Name:
Saint-Laurent
Federal Riding Number:
24068
Program:
SIF Stream3- 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.