Contribution: Industrial Research Assistance Program – Contributions to Firms
Real Time Medical Inc.
$475,000.00
Development of AI Assisted KnowledgeAssist and Intelligent Sampling Platform
FY 2019-20 · 2019-04-01
Summary
Further differentiate Real Time Medical’s patented solution platform with the addition of Artificial Intelligence capabilities to create game-changing offerings leveraging Real Time’s announced partnership with Google to serve up Real Time Medical offerings globally as part of Google’s push into the healthcare market.
NRC funding of this project will ensure that Real Time’s innovations remain the intellectual property of Real Time, meaning they are Ontario Canada based, and are not owned by Google, which would be the case if Google funds the development of what are RTM conceived and designed products. In addition, by owning the IP, the structure of revenue ensures much higher revenue for RTM, leading to greater budgets for the creation
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Toronto|Toronto, Ontario, Canada
Recipient Type
For-profit organization
Business Number
831390323
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 |
|---|---|---|---|
| 1 | 2019-04-01 | 2019-20 | $375,000.00 |
| 4 | 2019-04-01 | 2019-20 | $475,000.00 |
As published
Additional Information
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 94 days. The total amended value is 100,000 dollars.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 94 jours. La valeur totale des modifications est de 100 000 dollars.
Agreement End Date
2020-08-31
Agreement Number
927538
Agreement Start Date
2019-04-01
Agreement Title
Development of AI Assisted KnowledgeAssist and Intelligent Sampling Platform
Agreement Title (French)
Développement d'une plate-forme d'aide à l'acquisition de connaissances « KnowledgeAssist » et d'une plate-forme d'échantillonnage intelligente assistée par l'intelligence artificielle
Agreement Type
Contribution
Agreement Value
$475,000.00
Amendment Date
2020-03-13
Amendment Number
4
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
Further differentiate Real Time Medical’s patented solution platform with the addition of Artificial Intelligence capabilities to create game-changing offerings leveraging Real Time’s announced partnership with Google to serve up Real Time Medical offerings globally as part of Google’s push into the healthcare market.
NRC funding of this project will ensure that Real Time’s innovations remain the intellectual property of Real Time, meaning they are Ontario Canada based, and are not owned by Google, which would be the case if Google funds the development of what are RTM conceived and designed products. In addition, by owning the IP, the structure of revenue ensures much higher revenue for RTM, leading to greater budgets for the creation
Description (French)
Différencier davantage la plate-forme de solutions brevetées de Real Time Medical (RTM) avec l'ajout de capacités d'intelligence artificielle pour créer des offres révolutionnaires en s'appuyant sur le partenariat annoncé de Real Time avec Google pour proposer des offres médicales en temps réel à l'échelle mondiale dans le cadre de la poussée de Google dans le marché de la santé. Le financement de ce projet par le CNRC fera en sorte que les innovations de Real Time demeurent la propriété intellectuelle de Real Time, c'est-à-dire qu'elles sont toutes deux établies en Ontario et non la propriété de Google, ce qui serait le cas si Google finance le développement des produits conçus et développés par RTM. En outre, en étant propriétaire de la propriété intellectuelle, la structure des recettes garantit à RTM des recettes beaucoup plus élevées, ce qui se traduit par des budgets plus importants pour la création d'emplois.
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
Eglinton--Lawrence
Federal Riding (French)
Eglinton--Lawrence
Federal Riding Number
35024
NAICS Code
51121
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
831390323
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
Real Time Medical Inc.
Recipient Postal Code
M4P 2H8
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2019-2020-Q1-927538
