Grants and Contributions:

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Title:

Innovation Driving Green Technology (including Semiconductor Development)

Agreement Number:

819534

Agreement Value:

$169,400,000.00

Agreement Date:

Aug 29, 2024 - Jan 1, 2040

Description:

This project offers innovating strategies in Linamar's Industrial & Mobility sectors including, electrification, emission reductions, precision agriculture, digitization & telematics, advanced manufacturing, artificial intelligence.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

This investment allows Linamar to secure investments in zero-emission vehicles (ZEV) markets; support research & development for ZEV production and net-zero transition; develop advanced semiconductor packaging to boost electric vehicle (EV) range and charging efficiency; and create green tech for mobility to reduce greenhouse gases.

Location:

Guelph, Ontario, CA N1K1G4

Reference Number:

033-2024-2025-Q2-819534

Agreement Type:

Other transfer payment

Report Type:

Grants and Contributions

Recipient Business Number:

736622523

Recipient Type:

For-profit organization

Additional Information:

This is a partially unconditionally repayable contribution.

This project was not previously disclosed to protect Canada’s economic interests, avoid any prejudice to Innovation, Science and Economic Development's (ISED) competitive position or to interfere with contractual or other negotiations, and create expectations for companies on negotiating terms.

Recipient's Operating Name:

Linamar Corporation

Recipient's Legal Name:

Linamar Corporation

Federal Riding Name:

Guelph

Federal Riding Number:

35032

Program:

SIF Stream2- Growth

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:

336100