Grants and Contributions:

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Title:

Smart Contract based Construction Contract Management/Payments

Agreement Number:

950949

Agreement Value:

$120,000.00

Agreement Date:

Apr 20, 2020 - Jan 31, 2021

Description:

Leveraging next-generation solutions, such as Blockchain Smart Contracts & IoT driven workflow automation, FactR/Amico will be a leader in Construction Digitization & Building Information Modelling & will provide a compliance solution for Ontario Bill 142. Partnering with FactR, dedicated resources will build a tiered, multi-phase strategy to design & deliver solutions that will enhance workflows, replace pen & paper activities & elevate relationships directly with partners, suppliers & customers. These will combine end-to-end solutions that automate manual daily operations tasks & replace them with smart contracts, intelligent automation, Construction digitization, immutable data, trusted trace-ability, instant settlement.

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

Location:

Paris, Ontario, CA N3L 0A8

Reference Number:

172-2020-2021-Q1-950949

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

723283289

Recipient Type:

For-profit organization

Additional Information:

This agreement has been amended 1 time(s). The end date of this agreements has been modified by 93 days.

Amendment Date

Oct 6, 2020

Recipient's Legal Name:

Factr Limited

Federal Riding Name:

Brantford--Brant

Federal Riding Number:

35013

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

511211

Amendments:

See Amendments