Grants and Contributions:
Title:
Commercialization and Product Market Fit Assessment of Umay Rest
Agreement Number:
975448
Agreement Value:
$70,000.00
Agreement Date:
Jul 1, 2021 - Mar 31, 2022
Description:
Umay is looking to launch its signature product, 'Rest' in late Summer 2021. With first round of (1000) commercial units spoken for via 18 pre-ordered optometry clinics and a contract with the Government of Canada - Innovation Solutions Canada Testing Stream (ISC) (value of ~$550k). Umay's focus over the next 9 months is to expand current product market fit efforts at scale, to ensure current predictions are scalable across identified b2b channels, including speciality retail and health providers (ex. wellness spas, sleep clinics, mental health providers etc.). Commercialization efforts will also include initiating Health Canada approval and expanding business development and operational efforts to support customer success and retention.
Organization:
National Research Council Canada
Expected Results:
The purpose of IRAP’s Youth Employment Program is to assist in increasing the supply of highly qualified people, promoting the benefits of advanced studies, demonstrating federal leadership by investing in the skills required to meet the needs of the knowledge economy and facilitating the transition of highly skilled young people to a rapidly changing labour market.
Location:
Edmonton, Alberta, CA T6N 1G1
Reference Number:
172-2021-2022-Q2-975448
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
846660405
Recipient Type:
For-profit organization
Recipient's Operating Name:
Umay
Recipient's Legal Name:
Umay Care Holdings Inc.
Federal Riding Name:
Edmonton Mill Woods
Federal Riding Number:
48017
Program:
Industrial Research Assistance Program – Youth Employment Program
Program Purpose:
The purpose of IRAP’s Youth Employment Program is to assist in increasing the supply of highly qualified people, promoting the benefits of advanced studies, demonstrating federal leadership by investing in the skills required to meet the needs of the knowledge economy and facilitating the transition of highly skilled young people to a rapidly changing labour market.
Coverage:
IRAP Youth Employment Program projects stimulate wealth creation for Canada through technological innovation.
NAICS Code:
621320