Contribution: Industrial Research Assistance Program – Contributions to Firms
Outdoor-Fit Exercise Systems Inc.
$75,000.00
Fitness Equipment Development
FY 2024-25 · 2024-07-03
Summary
Outdoor-Fit Exercise Systems aims to expand its R&D for innovative outdoor fitness products, targeting parks & recreation, its largest potential market. Despite being a leading manufacturer in the correctional sector, Outdoor-Fit faces stiff competition from larger companies in the parks space. To grow, it plans to diversify its product range and innovate. This expansion requires hiring a full-time engineer and consulting with engineering firms, entailing significant costs. Without funding, ambitious 2024 R&D projects may have to be scaled back. The goal is to make Outdoor-Fit's new offerings market-ready and commercially viable, ensuring continued growth in the highly competitive outdoor fitness equipment market.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Dartmouth|Dartmouth, Nova Scotia, Canada
Recipient Type
For-profit organization
Business Number
876948100
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2025-06-30
Agreement Number
1019427
Agreement Start Date
2024-07-03
Agreement Title
Fitness Equipment Development
Agreement Title (French)
Développement d’équipements de mise en forme
Agreement Type
Contribution
Agreement Value
$75,000.00
Amendment Number
0
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
Outdoor-Fit Exercise Systems aims to expand its R&D for innovative outdoor fitness products, targeting parks & recreation, its largest potential market. Despite being a leading manufacturer in the correctional sector, Outdoor-Fit faces stiff competition from larger companies in the parks space. To grow, it plans to diversify its product range and innovate. This expansion requires hiring a full-time engineer and consulting with engineering firms, entailing significant costs. Without funding, ambitious 2024 R&D projects may have to be scaled back. The goal is to make Outdoor-Fit's new offerings market-ready and commercially viable, ensuring continued growth in the highly competitive outdoor fitness equipment market.
Description (French)
Outdoor-Fit Exercise Systems vise à développer ses activités de R-D dans le domaine des produits innovants de remise en forme en plein air, ciblant les parcs et les loisirs, son plus grand marché potentiel. Bien qu’elle soit un fabricant de premier plan dans le secteur correctionnel, Outdoor-Fit fait face à une forte concurrence de la part d’entreprises plus importantes dans le domaine des parcs. Pour se développer, elle prévoit de diversifier sa gamme de produits et d’innover. Cette expansion nécessite l’embauche d’un ingénieur à temps plein et la consultation de sociétés d’ingénierie, ce qui entraîne des coûts importants. Faute de financement, les projets ambitieux de R-D 2024 pourraient devoir être revus à la baisse. L’objectif est de faire en sorte que les nouvelles offres d’Outdoor-Fit soient prêtes pour le marché et commercialement viables, afin d’assurer une croissance continue sur le marché très concurrentiel des équipements d’entraînement physique en plein air.
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
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Dartmouth--Cole Harbour
Federal Riding (French)
Dartmouth--Cole Harbour
Federal Riding Number
12004
NAICS Code
333990
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
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
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
876948100
Recipient City
Dartmouth|Dartmouth
Recipient Country
CA
Recipient Legal Name
Outdoor-Fit Exercise Systems Inc.
Recipient Operating Name
Outdoor-Fit Exercise Systems
Recipient Postal Code
B3B 1N7
Recipient Province or Territory
NS
Recipient Type
F
Reference Number
172-2024-2025-Q1-1019427
