Grants and Contributions:
Title:
AI Commodity Price Forecasting Through MTS Analysis and NLP
Agreement Number:
1033245
Agreement Value:
$100,000.00
Agreement Date:
Aug 4, 2025 - Jun 30, 2026
Description:
Novacene is developing an AI-based forecasting platform to improve procurement decision-making. The solution combines multivariate time series models with natural language processing to analyze structured data and unstructured content for more accurate, timely, and explainable forecasts. The project will generate new IP, strengthen Novacene’s platform capabilities, and support the creation of high-value R&D jobs in Canada.
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:
Ottawa, Ontario, CA K1P 5H2
Reference Number:
172-2025-2026-Q2-1033245
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
745964676
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 150 days.
Amendment Date
Dec 4, 2025
Recipient's Operating Name:
Novacene
Recipient's Legal Name:
Novacene AI Corp.
Federal Riding Name:
Ottawa Centre
Federal Riding Number:
35075
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
Amendments: