Grants and Contributions:

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Title:

Hardware and Software Commercialization and Scalability Development

Agreement Number:

1027958

Agreement Value:

$72,000.00

Agreement Date:

Feb 17, 2025 - Feb 13, 2026

Description:

The Firm will advance the development of its construction equipment access control solution by developing the design and production of a custom PCB and enclosure, expanding software’s feature set, enhancing system security, and testing scalability. This phase is crucial to transitioning from MVP to commercial readiness, ensuring the solution can be deployed efficiently at scale while maintaining robust security measures. Having secured funding from the Government of Newfoundland & Labrador Department of Industry, Trade and Technology for a significant portion of the project, this funding from NRC will help de-risk the cash-flows and accelerate the timeline for the project.

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:

St. John's, Newfoundland & Labrador, CA A1H 1A2

Reference Number:

172-2024-2025-Q4-1027958

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

753131747

Recipient Type:

For-profit organization

Recipient's Operating Name:

Veristart

Recipient's Legal Name:

Veristart Technologies Inc.

Federal Riding Name:

St. John's South--Mount Pearl

Federal Riding Number:

10007

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:

51121