Contribution: Industrial Research Assistance Program – Contributions to Firms
Novacene AI Corp.
$100,000.00
AI Commodity Price Forecasting Through MTS Analysis and NLP
FY 2025-26 · 2025-08-04
Summary
Novacene is developing an AI-based forecasting platform to improve procurement decision-making. The solution combines multivariate time series models with natural language processing to analyze structured data and unstructured content for more accurate, timely, and explainable forecasts. The project will generate new IP, strengthen Novacene’s platform capabilities, and support the creation of high-value R&D jobs in Canada.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Ottawa|Ottawa, Ontario, Canada
Recipient Type
For-profit organization
Business Number
745964676
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 | 2025-08-04 | 2025-26 | $100,000.00 |
| 1 | 2025-08-04 | 2025-26 | $100,000.00 |
As published
Additional Information
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 150 days.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 150 jours.
Agreement End Date
2026-06-30
Agreement Number
1033245
Agreement Start Date
2025-08-04
Agreement Title
AI Commodity Price Forecasting Through MTS Analysis and NLP
Agreement Title (French)
Prévision des prix des matières premières à l’aide de l’IA, de l’analyse MTS et du TALN
Agreement Type
Contribution
Agreement Value
$100,000.00
Amendment Date
2025-12-04
Amendment Number
1
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
Novacene is developing an AI-based forecasting platform to improve procurement decision-making. The solution combines multivariate time series models with natural language processing to analyze structured data and unstructured content for more accurate, timely, and explainable forecasts. The project will generate new IP, strengthen Novacene’s platform capabilities, and support the creation of high-value R&D jobs in Canada.
Description (French)
Novacene développe une plateforme de prévision basée sur l’IA afin d’améliorer la prise de décision en matière d’approvisionnement. La solution combine des modèles de séries chronologiques multivariées et le traitement du langage naturel afin d’analyser des données structurées et du contenu non structuré pour obtenir des prévisions plus précises, plus rapides et plus explicables. Le projet générera de la nouvelle propriété intellectuelle, renforcera les capacités de la plateforme de Novacene et favorisera la création d’emplois de R-D à forte valeur ajoutée au Canada.
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
Ottawa Centre
Federal Riding (French)
Ottawa-Centre
Federal Riding Number
35075
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
745964676
Recipient City
Ottawa|Ottawa
Recipient Country
CA
Recipient Legal Name
Novacene AI Corp.
Recipient Operating Name
Novacene
Recipient Postal Code
K1P 5H2
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2025-2026-Q2-1033245
