Grants and Contributions:
Title:
Development and Commercialization of The Firm's Products
Agreement Number:
1023952
Agreement Value:
$75,000.00
Agreement Date:
Oct 1, 2024 - Jun 2, 2025
Description:
The overall objectives of this project are to evaluate a new seaweed species for use in the 7 Fathoms line, to increase production capacity and to develop online and wholesale sales processes. This will be accomplished by scaling extraction processes, launching new products, and developing new partnerships with pharmacy partners and holistic and naturopathic practitioners who understand seaweed and its properties and benefits.
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:
Grates Cove, Newfoundland & Labrador, CA A0A 2L0
Reference Number:
172-2024-2025-Q3-1023952
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
738128479
Recipient Type:
For-profit organization
Additional Information:
This agreement has been amended 1 time(s). The total amended value is 5,000 dollars.
Amendment Date
Mar 3, 2025
Recipient's Operating Name:
7 Fathoms
Recipient's Legal Name:
7 Fathoms Skin Care, Ltd.
Federal Riding Name:
Bonavista--Burin--Trinity
Federal Riding Number:
10002
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:
4461
Amendments: