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Contribution: Canadian International Innovation Program

ACEL Power Inc.

$0.00

CIIP India - Project GSP - VACE Smart Sea Project

FY 2025-26 · 2025-06-01

Summary
This Project will involve research, then development of a prototype demonstration vessel using zero GHG engine for maritime passenger transport and coastal activities for fishing and tourism in India. This is an international collaborative R&D project under the Canadian International Innovation Program between the Canadian Firm, Acel with its expertise in electric marine propulsion systems, and the Indian Firm Vijai Marine Services PVT. LTD (VMSPL), which has the engineering skills to develop highly-optimized passenger and tourist vessels in the Indian Sub-continental market.
Program
Canadian International Innovation Program
Location
Richmond|Richmond, British Columbia, Canada
Recipient Type
For-profit organization
Business Number
793632605
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.

AmendmentDateFiscal YearTotal
02025-06-012025-26$420,000.00
12025-06-012025-26$0.00

As published

Agreement End Date
2026-04-30
Agreement Number
1033109
Agreement Start Date
2025-06-01
Agreement Title
CIIP India - Project GSP - VACE Smart Sea Project
Agreement Title (French)
PCII Inde - Projet GSP - Projet VACE Smart Sea
Agreement Type
Contribution
Agreement Value
$0.00
Amendment Date
2026-07-01
Amendment Number
1
Coverage
The Canadian International Innovation Program supports industrial R & D partnerships and matchmaking activities between Canadian companies and foreign partners with a view to accelerating commercialization and facilitating market access. | Le Programme canadien de l’innovation à l’international vise à appuyer les partenariats de recherche et développement industriels et les activités de jumelage entre les entreprises canadiennes et les partenaires étrangers, en vue d'accélérer la commercialisation et de faciliter l'accès aux marchés.
Description
This Project will involve research, then development of a prototype demonstration vessel using zero GHG engine for maritime passenger transport and coastal activities for fishing and tourism in India. This is an international collaborative R&D project under the Canadian International Innovation Program between the Canadian Firm, Acel with its expertise in electric marine propulsion systems, and the Indian Firm Vijai Marine Services PVT. LTD (VMSPL), which has the engineering skills to develop highly-optimized passenger and tourist vessels in the Indian Sub-continental market.
Description (French)
Ce projet comprendra la recherche, puis le développement d’un prototype de navire de démonstration utilisant un moteur à zéro émission de GES pour le transport maritime de passagers et les activités côtières de pêche et de tourisme en Inde. Il s’agit d’un projet international de R-D mené dans le cadre du Programme d’innovation internationale du Canada entre l’entreprise canadienne Acel, qui possède une expertise dans les systèmes de propulsion électrique marine, et l’entreprise indienne Vijai Marine Services PVT. LTD (VMSPL), qui possède les compétences en ingénierie nécessaires pour développer des navires de passagers et de tourisme hautement optimisés pour le marché sous-continental indien.
Expected Results
The Canadian International Innovation Program fosters and supports collaborative industrial research and development projects with high potential for commercialization between Canada and partner countries. It also stimulates bilateral science and technology networking and matchmaking activities to further new partnerships and accelerate the commercialization of research and development.
Expected Results (French)
Le Programme canadien de l’innovation à l’international favorise et appuie les projets de collaboration en matière de recherche-développement industrielle susceptibles d’être commercialisés entre le Canada et des pays partenaires. Il stimule les activités bilatérales de réseautage et de jumelage en science et technologie afin d’encourager la formation de nouveaux partenariats et d’accélérer la commercialisation de la recherche et du développement.
Federal Riding
Steveston--Richmond East
Federal Riding (French)
Steveston--Richmond-Est
Federal Riding Number
59031
NAICS Code
335312
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Canadian International Innovation Program
Program Name (French)
Programme canadien d’innovation à l’international
Program Purpose
The Canadian International Innovation Program fosters and supports collaborative industrial research and development projects with high potential for commercialization between Canada and partner countries. It also stimulates bilateral science and technology networking and matchmaking activities to further new partnerships and accelerate the commercialization of research and development.
Program Purpose (French)
Le Programme canadien de l’innovation à l’international favorise et appuie les projets de collaboration en matière de recherche-développement industrielle susceptibles d’être commercialisés entre le Canada et des pays partenaires. Il stimule les activités bilatérales de réseautage et de jumelage en science et technologie afin d’encourager la formation de nouveaux partenariats et d’accélérer la commercialisation de la recherche et du développement.
Recipient Business Number
793632605
Recipient City
Richmond|Richmond
Recipient Country
CA
Recipient Legal Name
ACEL Power Inc.
Recipient Operating Name
Acel Power Inc.
Recipient Postal Code
V6V 2V4
Recipient Province or Territory
BC
Recipient Type
F
Reference Number
172-2025-2026-Q2-1033109