Grants and Contributions:
Title:
AI algorithm for optimizing offers and requests for quotes
Agreement Number:
1011598
Agreement Value:
$150,000.00
Agreement Date:
Aug 1, 2023 - Jul 31, 2024
Description:
The firm currently has an algorithm for prioritizing bids received as part of a call for tenders, based on their quality. The aim of the project is to add a machine learning (AI) component that will be used to continuously optimize the weight of the parameters. Each home selected for rental will enable the algorithm to learn how much weight to give to each parameter. The algorithm can then adjust the weights of these parameters according to identified market needs. Over time, machine learning will be able to select the best accommodation for the policyholder, greatly improving the algorithm's efficiency, as well as its commercial potential.
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:
Montreal, Quebec, CA H2J 1J6
Reference Number:
172-2023-2024-Q3-1011598
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
712672898
Recipient Type:
For-profit organization
Recipient's Legal Name:
Sinistar inc.
Federal Riding Name:
Laurier--Sainte-Marie
Federal Riding Number:
24039
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:
519190