Contribution: Industrial Research Assistance Program – Contributions to Firms
TAO SOLUTIONS INC.
$364,100.00
LeaseSpark and SecureHub Critical Growth Core Improvements and Regulatory Requirements
FY 2021-22 · 2021-10-01
Summary
Both LeaseSpark and SecureHub are at a critical growth phase during their development. The purpose of this project is to add essential features into two of our flagship products. LeaseSpark is missing enhancements in order to augment its asset finance origination and booking solution, as well as equipping it for streamlined credit adjudication. For SecureHub, this is a period of unprecedented international growth, which requires regulatory enhancements for asset backed securities administration, asset backed commercial paper administration, as well as additional reporting features.
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
814521027
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2022-03-25
Agreement Number
984162
Agreement Start Date
2021-10-01
Agreement Title
LeaseSpark and SecureHub Critical Growth Core Improvements and Regulatory Requirements
Agreement Title (French)
Améliorations du noyau de croissance critique et exigences réglementaires de LeaseSpark et SecureHub
Agreement Type
Contribution
Agreement Value
$364,100.00
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
Both LeaseSpark and SecureHub are at a critical growth phase during their development. The purpose of this project is to add essential features into two of our flagship products. LeaseSpark is missing enhancements in order to augment its asset finance origination and booking solution, as well as equipping it for streamlined credit adjudication. For SecureHub, this is a period of unprecedented international growth, which requires regulatory enhancements for asset backed securities administration, asset backed commercial paper administration, as well as additional reporting features.
Description (French)
LeaseSpark et SecureHub sont tous deux à une phase de croissance critique de leur développement. L'objectif de ce projet est d'ajouter des fonctionnalités essentielles à deux de nos produits phares. LeaseSpark manque d'améliorations afin d'augmenter sa solution de création et de réservation de financement d'actifs, et de l'équiper pour une adjudication de crédit rationalisée. Pour SecureHub, il s'agit d'une période de croissance internationale sans précédent, qui nécessite des améliorations réglementaires pour l'administration des titres adossés à des actifs, l'administration des papiers commerciaux adossés à des actifs, ainsi que des fonctionnalités de production de rapports supplémentaires.
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
Toronto Centre
Federal Riding (French)
Toronto-Centre
Federal Riding Number
35108
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
814521027
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
TAO SOLUTIONS INC.
Recipient Operating Name
Tao Solutions
Recipient Postal Code
M5H 4C7
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2021-2022-Q4-984162
