Grants and Contributions:
Title:
515701
Agreement Number:
515701
Agreement Value:
$585,000.00
Agreement Date:
Mar 16, 2026 - Mar 31, 2028
Description:
Novarc Technologies is developing advanced AI infrastructure to enhance its solutions for robotic welding automation.
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:
Burnaby, British Columbia, CA V5C 5W1
Reference Number:
033-2025-2026-Q4-515701
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
827834243
Recipient Type:
For-profit organization
Additional Information:
2025/26 to 2027/28,
Recipient's Operating Name:
Novarc Technologies
Recipient's Legal Name:
Novarc Technologies Inc.
Federal Riding Name:
Burnaby South
Federal Riding Number:
59003
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:
541710