Grants and Contributions:

Title:

Expansion of market for Vanmok Cloud leak detection software beyond initial adopters in North America and eventually cross the Chasm

Agreement Number:

1016266

Agreement Value:

$100,000.00

Agreement Date:

Apr 1, 2024 - Mar 31, 2025

Description:

Vanmok, having validated its product and initiated revenue generation, aims to expand its Cloud leak detection software market beyond early adopters in North America. To achieve this, a strategic initiative is underway to establish a repeatable lead generation campaign and refine the sales process to be predictable and repeatable. The plan includes hiring a seasoned Business Development Manager with expertise in relationship building, partnerships, and Oil and Gas industry sales channels. The project's main objective is to quadruple Vanmok's business size within the next 2 years by developing critical skills in business development, partnership building, and customer management.

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Organizations is to support Organizations in building and integrating the innovation capacity in Canada for the benefit of Firms in Canada, primarily SMEs and to support Organizations in providing innovation assistance services to SMEs in Canada.

Location:

Edmonton, Alberta, CA T6E 3N8

Reference Number:

172-2023-2024-Q4-1016266

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

721497683

Recipient Type:

For-profit organization

Recipient's Legal Name:

Vanmok Inc.

Federal Riding Name:

Edmonton Strathcona

Federal Riding Number:

48019

Program:

Industrial Research Assistance Program – Contributions to Organizations

Program Purpose:

Coverage:

IRAP Contributions to Organizations projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

511211