Grants and Contributions:

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Title:

Fitness Equipment Development

Agreement Number:

1019427

Agreement Value:

$75,000.00

Agreement Date:

Jul 3, 2024 - Jun 30, 2025

Description:

Outdoor-Fit Exercise Systems aims to expand its R&D for innovative outdoor fitness products, targeting parks & recreation, its largest potential market. Despite being a leading manufacturer in the correctional sector, Outdoor-Fit faces stiff competition from larger companies in the parks space. To grow, it plans to diversify its product range and innovate. This expansion requires hiring a full-time engineer and consulting with engineering firms, entailing significant costs. Without funding, ambitious 2024 R&D projects may have to be scaled back. The goal is to make Outdoor-Fit's new offerings market-ready and commercially viable, ensuring continued growth in the highly competitive outdoor fitness equipment market.

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:

Dartmouth, Nova Scotia, CA B3B 1N7

Reference Number:

172-2024-2025-Q1-1019427

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

876948100

Recipient Type:

For-profit organization

Recipient's Operating Name:

Outdoor-Fit Exercise Systems

Recipient's Legal Name:

Outdoor-Fit Exercise Systems Inc.

Federal Riding Name:

Dartmouth--Cole Harbour

Federal Riding Number:

12004

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:

333990