Grants and Contributions:
Title:
Implementation of AI across Tao SW platform openings
Agreement Number:
1024419
Agreement Value:
$142,000.00
Agreement Date:
Nov 18, 2024 - Mar 30, 2026
Description:
Securitization is the process of issuing securities to investors based on underlying pools of eligible credit assets. The cash receipts from these assets are distributed back to the investors over time with the distributions and reporting defined in a legal contract. Our SecureHub platform allows for the modelling of these transactions via configuration; it does, however, take extensive time, and some degree of contract-law knowledge for users to interpret legal documents and model the relevant transaction. This project will seek to solve this challenge by using AI technologies to automate the analysis of these documents to convert complex legal jargon into a mathematical model in a rapid, efficient, and cost-effective manner.
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:
Toronto, Ontario, CA M5H 4C7
Reference Number:
172-2024-2025-Q3-1024419
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
814521027
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 30 days. The total amended value is 50,000 dollars.
Amendment Date
Mar 4, 2026
Recipient's Operating Name:
Tao Solutions
Recipient's Legal Name:
TAO SOLUTIONS INC.
Federal Riding Name:
Toronto Centre
Federal Riding Number:
35108
Program:
Industrial Research Assistance Program
Program Purpose:
The purpose of Industrial Research Assistance Program Contributions to Organizations is to support Organizations in providing innovation assistance services to 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:
511211
Amendments: