Grants and Contributions:

Title:

Next Generation of Smart Canadian Robots

Agreement Number:

813014

Agreement Value:

$20,000,000.00

Agreement Date:

Dec 17, 2020 - Apr 30, 2040

Description:

Development and commercialization of accessible smart robotics for industry 4.0 solutions and accelerate robotics adoption in a range of industries.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The investment will allow the company to develop a diversified suite of robotics options, make automation more accessible to small-medium sized enterprises and scale up its manufacturing capacity by building a new robot factory. The new factory would anchor robot production in Canada for the next five years and strengthening Canada’s supply chain.

Location:

Boisbriand, Quebec, CA J7H1M7

Reference Number:

230-2020-2021-Q3-0134

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

851287326

Recipient Type:

For-profit organization

Additional Information:

This is a partially repayable contribution.

Recipient's Operating Name:

Kinova

Recipient's Legal Name:

Kinova Inc.

Federal Riding Name:

Rivière-des-Mille-Îles

Federal Riding Number:

24062

Program:

SIF Stream 1 - R&D

Program Purpose:

The Strategic Innovation Fund (SIF) attracts and supports new high-quality business investments. In allocating funding, SIF looks to accelerate areas of economic strength, strengthen and expand the role of Canadian firms in regional and global supply chains, support economic strategies, and attract investment that creates new, good, well-paying jobs.

NAICS Code:

31-33