Grants and Contributions:
Title:
Early Economic Evaluation of Innovative Canadian Life Sciences SME Technology - Extension
Agreement Number:
1017389
Agreement Value:
$250,000.00
Agreement Date:
Apr 1, 2024 - Mar 31, 2025
Description:
The Health Technology Assessment Support for SMEs aims to provide health technology assessment and guidance to SMEs. This project will help SMEs understand in quantified terms, the potential value of their new products/technologies to healthcare payers and insurers, commercial viability, market access opportunity, risks, and potential return on investment. It will undertake a quantitative assessment of the clinical and economic outcomes that might be achieved with the new product, and a determination of whether a healthcare payer will reimburse the product at a price sufficient to generate a return on investment. This will assist in strategic decision making that will impact the strategies used in the product life cycle 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:
Kelowna, British Columbia, CA V1Y 0C2
Reference Number:
172-2024-2025-Q1-1017389
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
749775706
Recipient Type:
For-profit organization
Recipient's Legal Name:
BIROTA ECONOMICS GROUP INC.
Federal Riding Name:
Kelowna--Lake Country
Federal Riding Number:
59014
Program:
Industrial Research Assistance Program – Contributions to Organizations
Program Purpose:
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.
Coverage:
IRAP Contributions to Organizations projects stimulate wealth creation for Canada through technological innovation.
NAICS Code:
541710