Grants and Contributions:

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Title:

Paddleboard Development

Agreement Number:

994477

Agreement Value:

$45,000.00

Agreement Date:

Aug 1, 2022 - Mar 25, 2023

Description:

As environmental awareness increases many businesses are seeking to electrify various products. While the focus right now is on the automotive industry, water transport is another field of interest. Paddleboards specifically present a great market for electrification. This project seeks to tackle this growing market and deliver an easy-to-use/install product. Product components will include the battery, electric fin, thrust button, mounting hardware, and required cables. This project will deliver a working prototype and product documentation. The current market competition is low due to supply chain issues. A handful of products have been released in this growing market. The current targeted prototype completion is within a year.

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:

Arnprior, Ontario, CA K7S 1K5

Reference Number:

172-2022-2023-Q2-994477

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

771658671

Recipient Type:

For-profit organization

Recipient's Legal Name:

Convergence X Corporation

Federal Riding Name:

Renfrew--Nipissing--Pembroke

Federal Riding Number:

35086

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:

54133