Contribution: Industrial Research Assistance Program – Contributions to Firms
PARADISO VENTURES INC.
$75,000.00
Cardano and Midnight Network Proof of Concept
FY 2025-26 · 2025-08-01
Summary
The project aims to deliver the first institutional-grade custody solution in Canada and the US supporting cNIGHT Cardano native tokens, and the NIGHT blockchain network assets within Cardano’s privacy-focused Midnight protocol.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Calgary|Calgary, Alberta, Canada
Recipient Type
For-profit organization
Business Number
703606327
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2025-11-30
Agreement Number
1033616
Agreement Start Date
2025-08-01
Agreement Title
Cardano and Midnight Network Proof of Concept
Agreement Title (French)
Preuve de concept Cardano et Midnight Network
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
The project aims to deliver the first institutional-grade custody solution in Canada and the US supporting cNIGHT Cardano native tokens, and the NIGHT blockchain network assets within Cardano’s privacy-focused Midnight protocol.
Description (French)
Le projet vise à fournir la première solution de conservation de niveau institutionnel au Canada et aux États-Unis prenant en charge les jetons natifs cNIGHT Cardano et les actifs du réseau de chaîne de blocs NIGHT dans le cadre du protocole Midnight de Cardano axé sur la confidentialité.
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
Calgary Centre
Federal Riding (French)
Calgary-Centre
Federal Riding Number
48004
NAICS Code
511211
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
703606327
Recipient City
Calgary|Calgary
Recipient Country
CA
Recipient Legal Name
PARADISO VENTURES INC.
Recipient Operating Name
Balance Canada
Recipient Postal Code
T2P 5C5
Recipient Province or Territory
AB
Recipient Type
F
Reference Number
172-2025-2026-Q2-1033616
