Grants and Contributions:
Title:
MDAP 2025 – India - Market Diversification Action Plan
Agreement Number:
1038974
Agreement Value:
$50,000.00
Agreement Date:
Jan 2, 2026 - Mar 30, 2026
Description:
The Market Diversification Action Plan (MDAP) will allow the Firm to diversify geographically with our technology products and reduce tariff-related uncertainty by expanding into fast-growing manufacturing regions. The Firm’s focus will be on our high-speed, high-precision automation and inspection systems because India’s manufacturing growth is driving strong demand for quality automation, and local companies need advanced, export-grade inspection capabilities that align with Innostrat’s strengths.
Organization:
National Research Council Canada
Expected Results:
The expected results and outcomes of NRC Industrial Research Assistance Program is focused on growing small and medium-sized enterprises (SMEs) through innovation and wealth creation for Canada.
Location:
Waterloo, Ontario, CA N2V 2C8
Reference Number:
172-2025-2026-Q4-1038974
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
747223725
Recipient Type:
For-profit organization
Recipient's Operating Name:
Innostrat Solutions Inc
Recipient's Legal Name:
INNOSTRAT SOLUTIONS INC.
Federal Riding Name:
Waterloo
Federal Riding Number:
35112
Program:
Industrial Research Assistance Program
Program Purpose:
The purpose of Industrial Research Assistance Program Contributions to Firms is to provide support that assists small and medium-sized enterprises (SMEs) to advance their innovation knowledge and ability to innovate, grow through innovation and stimulate wealth creation for Canada.
Coverage:
Industrial Research Assistance Program projects stimulate wealth creation for Canada through technological innovation and strengthen Canadian innovation ecosystem by creating new industrial capacity.
NAICS Code:
332710