Grants and Contributions:

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Title:

Fiix maintenance platform enabled by Artificial Intelligence

Agreement Number:

953298

Agreement Value:

$450,000.00

Agreement Date:

Jun 8, 2020 - Apr 30, 2021

Description:

Fiix is working on a maintenance software platform that is using artificial intelligence to improve the overall operations of maintenance departments in asset intensive industries. This project will deliver on three important use cases that optimizes the performance of parts, labour and assets – the key elements of a maintenance department. More specifically we will 1) predict the number of parts that a maintenance department needs to reduce stock outs or working capital tied up in inventory and 2) assign algorithmic risk scores to maintenance work orders to help maintenance managers identify which work orders will lead to above normal costs or asset downtime and Please see full proposal in attachment for rest of answer.

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:

Toronto, Ontario, CA M6R 2J5

Reference Number:

172-2020-2021-Q2-953298

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

801909813

Recipient Type:

For-profit organization

Recipient's Operating Name:

Fiix Software

Recipient's Legal Name:

Fiix Inc.

Federal Riding Name:

Parkdale--High Park

Federal Riding Number:

35081

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