Grants and Contributions:
Title:
A Three-Sided Marketplace For Construction Material Procurement
Agreement Number:
962537
Agreement Value:
$100,000.00
Agreement Date:
Jul 1, 2020 - Feb 28, 2021
Description:
TOOLBX is building a three-sided marketplace connecting builders, suppliers, and trades to coordinate material procurement for construction projects. This technology will solve three key problem areas for the construction industry: a) Communication around order procurement, b) Sharing order & delivery information, and c) Pricing and payments.
This project solves several key barriers to material procurement:
- No way to passively track project and procurement updates.
- No way to update existing systems automatically when updates occur.
- No way to search, cost-code, and export invoices digitally.
- No way to re-order similar material quickly.
- No way to visualize, understand and predict business needs in real-time.
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 M5V 2Y1
Reference Number:
172-2020-2021-Q3-962537
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
747015923
Recipient Type:
For-profit organization
Recipient's Legal Name:
TOOLBX Inc.
Federal Riding Name:
Spadina--Fort York
Federal Riding Number:
35101
Program:
Industrial Research Assistance Program – Contributions to Firms
Program Purpose:
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
Coverage:
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.
NAICS Code:
511211