Contribution: Industrial Research Assistance Program
TAO SOLUTIONS INC.
$142,000.00
Implementation of AI across Tao SW platform openings
FY 2024-25 · 2024-11-18
Summary
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.
Department
Program
Industrial Research Assistance Program
Recipient
Location
Toronto|Toronto, Ontario, Canada
Recipient Type
For-profit organization
Business Number
814521027
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Amendments
Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.
| Amendment | Date | Fiscal Year | Total |
|---|---|---|---|
| 0 | 2024-11-18 | 2024-25 | $92,000.00 |
| 1 | 2024-11-18 | 2024-25 | $92,000.00 |
| 2 | 2024-11-18 | 2024-25 | $92,000.00 |
| 3 | 2024-11-18 | 2024-25 | $142,000.00 |
As published
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.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 30 jours. La valeur totale des modifications est de 50 000 dollars.
Agreement End Date
2026-03-30
Agreement Number
1024419
Agreement Start Date
2024-11-18
Agreement Title
Implementation of AI across Tao SW platform openings
Agreement Title (French)
Mise en œuvre de l’IA à travers les ouvertures de la plateforme Tao SW.
Agreement Type
Contribution
Agreement Value
$142,000.00
Amendment Date
2026-03-04
Amendment Number
3
Coverage
Industrial Research Assistance Program projects stimulate wealth creation for Canada through technological innovation and strengthen Canadian innovation ecosystem by creating new industrial capacity. | Les projets du Programme d'aide à la recherche industrielle favorisent la création de richesse au Canada grâce à l'innovation technologique et renforcent l'écosystème canadien de l'innovation en créant de nouvelles capacités industrielles.
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.
Description (French)
La titrisation est le processus d’émission de titres aux investisseurs sur la base de pools sous-jacents d’actifs de crédit éligibles. Les recettes de ces actifs sont redistribuées aux investisseurs au fil du temps, les distributions et les rapports étant définis dans un contrat juridique. Notre plateforme SecureHub permet de modéliser ces transactions par le biais de la configuration. Toutefois, l’interprétation des documents juridiques et la modélisation de la transaction correspondante nécessitent beaucoup de temps et un certain degré de connaissance du droit des contrats de la part des utilisateurs. Ce projet cherchera à résoudre ce défi en utilisant les technologies d’IA pour automatiser l’analyse de ces documents afin de convertir le jargon juridique complexe en un modèle mathématique d’une manière rapide, efficace et rentable.
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.
Expected Results (French)
Les résultats attendus du Programme d’aide à la recherche industrielle du CNRC sont axés sur la croissance des petites et moyennes entreprises (PME) grâce à l’innovation et à la création de richesse pour le Canada.
Federal Riding
Toronto Centre
Federal Riding (French)
Toronto-Centre
Federal Riding Number
35108
NAICS Code
511211
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program
Program Name (French)
Programme d’aide à la recherche industrielle
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.
Program Purpose (French)
L’objectif des contributions aux organismes accordées dans le cadre du Programme d’aide à la recherche industrielle est d’aider les organismes à fournir des services d’aide à l’innovation aux petites et moyennes entreprises (PME) afin qu’elles puissent approfondir leurs connaissances en matière d’innovation et renforcer leur capacité d’innovation, de croissance et de création de richesse pour le Canada.
Recipient Business Number
814521027
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
TAO SOLUTIONS INC.
Recipient Operating Name
Tao Solutions
Recipient Postal Code
M5H 4C7
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2024-2025-Q3-1024419