Grants and Contributions:

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Title:

Fiber System Hardware & Software Next Generation Product Development

Agreement Number:

958802

Agreement Value:

$250,000.00

Agreement Date:

Nov 2, 2020 - Mar 25, 2022

Description:

This project is focused on product development for the Instrumar Fiber System (IFS), which will help to lower costs, and add value and functionality to our offering, which should increase customer demand and open new market segments for our product. This project will allow the evolution of our product into a more market-driven platform. IFS will be easier for potential customers to adopt; will accelerate movement through the sales cycle; and will permit us to gather and perform deeper analysis of our customers’ quality and efficiency data, increasing our value and reinforcing customer loyalty.

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 A1B 4A5

Reference Number:

172-2020-2021-Q3-958802

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

102498763

Recipient Type:

For-profit organization

Recipient's Legal Name:

Instrumar Limited

Federal Riding Name:

St. John's East

Federal Riding Number:

10006

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:

334512