Grants and Contributions:
Title:
515697
Agreement Number:
515697
Agreement Value:
$3,117,381.00
Agreement Date:
Mar 28, 2026 - Mar 31, 2028
Description:
Project Namshub will vastly accelerate the discovery of new drugs across a number of disease areas through the use of our Enki generative AI-based foundation model.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
As a part of the AI Compute Access Fund, this project will accelerate Canadian AI innovation and commercialization and support the use of a diverse range of external compute suppliers so companies can stay competitive in a rapidly changing industry.
Location:
Vancouver, British Columbia, CA V5T 2Z3
Reference Number:
033-2025-2026-Q4-515697
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
773532932
Recipient Type:
For-profit organization
Additional Information:
2025/26 to 2027/28,
Recipient's Operating Name:
Variational AI
Recipient's Legal Name:
Variational AI Inc.
Federal Riding Name:
Vancouver East
Federal Riding Number:
59035
Program:
AI Compute Access Fund
Program Purpose:
The AI Compute Access Fund offers financial support to help Canadian small and medium-sized businesses (SMEs) access the compute power they need to scale and commercialize their innovative AI project.
NAICS Code:
81