Grants and Contributions:
Title:
Feasibility Study - Exploring opportunities for business expansion and feasibility of Measuring-as-a-Service business model
Agreement Number:
1023177
Agreement Value:
$74,955.00
Agreement Date:
Oct 1, 2024 - Aug 31, 2025
Description:
To conduct a comprehensive feasibility study that evaluates the potential for transitioning our business model from purely capital equipment sales to a flexible model that includes Measuring-as-a-Service (MaaS). This study will explore both a full-service model and a hybrid model, where customers purchase the equipment but enter into ongoing service agreements for maintenance, upgrades, and performance monitoring. The study will assess market demand, customer value, financial viability, and technical feasibility, with a focus on generating recurring revenue streams that enhance long-term customer relationships and break-down barriers in the sales process.
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:
Kanata, Ontario, CA K2K 1Y3
Reference Number:
172-2024-2025-Q3-1023177
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
831323068
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 62 days.
Amendment Date
Jun 3, 2025
Recipient's Operating Name:
Mate Gauge
Recipient's Legal Name:
Co-Efficient Precision Engineering Inc.
Federal Riding Name:
Kanata--Carleton
Federal Riding Number:
35041
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:
237990
Amendments: