Grants and Contributions:
Title:
Ring Cutter Enhancements
Agreement Number:
1017913
Agreement Value:
$400,000.00
Agreement Date:
Apr 1, 2024 - Mar 31, 2026
Description:
The firm previously commercialized a novel ring cutting device. This product has validated the market fit, and it has been a commercial success. In order to meet growing demand, the firm is developing a second-generation product that is scalable, designed for international markets, and makes key improvements to the original product.
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:
Bedford, Nova Scotia, CA B4A 3X9
Reference Number:
172-2024-2025-Q1-1017913
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
762028082
Recipient Type:
For-profit organization
Additional Information:
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 152 days. The total amended value is 50,000 dollars.
Amendment Date
Nov 17, 2025
Recipient's Operating Name:
Ring Rescue Inc
Recipient's Legal Name:
Ring Rescue Incorporated
Federal Riding Name:
Halifax West
Federal Riding Number:
12006
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:
339110
Amendments: