Grants and Contributions:
Title:
AI underwriting solution for Canadian lenders
Agreement Number:
1030468
Agreement Value:
$150,000.00
Agreement Date:
Apr 7, 2025 - Mar 31, 2026
Description:
Creating AI-powered mortgage underwriting technology to efficiently underwrite loans by providing a modern platform that requires little to no training to use. The AI technology will deliver a world class and novel experience to all users.
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:
Kelowna, British Columbia, CA V1V 2B7
Reference Number:
172-2025-2026-Q1-1030468
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
785712134
Recipient Type:
For-profit organization
Recipient's Operating Name:
Worthit
Recipient's Legal Name:
Worthit Management Inc.
Federal Riding Name:
Kelowna--Lake Country
Federal Riding Number:
59014
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:
511211