Grants and Contributions:

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Title:

811938

Agreement Number:

811938

Agreement Value:

$20,000,000.00

Agreement Date:

Sep 1, 2018 - Sep 30, 2022

Description:

Development of next-generation data centre infrastructure that will double data processing capacity while significantly reducing its environmental impact and cost.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

This project will help advance a disruptive technology solution for data centres to increase efficiency and reduce energy needs, as well as. The project will establish an advanced manufacturing facility in Ottawa, Ontario and will rebuild the ecosystem in Canada for innovative data centre products.

Location:

Kanata, Ontario, CA K2K2X1

Reference Number:

033-2018-2019-Q3-811938

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

826931883

Recipient Type:

For-profit organization

Additional Information:

The amendment has been completed to extend the project from 2021-12-30 to 2022-09-30. This is a repayable contribution.

Amendment Date

Aug 10, 2022

Recipient's Operating Name:

Ranovus Inc.

Recipient's Legal Name:

Ranovus Inc.

Federal Riding Name:

Nepean

Federal Riding Number:

35064

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

Amendments:

See Amendments