Contribution: Industrial Research Assistance Program – Contributions to Firms
Velsoft Training Materials Inc.
$141,593.00
Expanding the Editing and Conversion Functionality of the Velsoft Platform
FY 2019-20 · 2020-01-28
Summary
Velsoft has developed an AI-like technology that automatically converts electronic documents to SCORM-compliant eLearning (the framework of eLearning). This technology has the potential of changing the economic model of how eLearning is created with will, in turn, disrupt the industry. We have tested this technology with several customers and have discovered that there are key expectations of customers that still need to be addressed. This has presented us with several hurdles that need to be jumped.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
New Glasgow|New Glasgow, Nova Scotia, Canada
Recipient Type
For-profit organization
Business Number
828689257
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 | 2020-01-28 | 2019-20 | $141,593.00 |
| 1 | 2020-01-28 | 2019-20 | $141,593.00 |
As published
Additional Information
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 214 days.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 214 jours.
Agreement End Date
2021-09-30
Agreement Number
942747
Agreement Start Date
2020-01-28
Agreement Title
Expanding the Editing and Conversion Functionality of the Velsoft Platform
Agreement Title (French)
Développement des fonctionnalités d'édition et de conversion de la plate-forme Velsoft
Agreement Type
Contribution
Agreement Value
$141,593.00
Amendment Date
2020-10-15
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
Velsoft has developed an AI-like technology that automatically converts electronic documents to SCORM-compliant eLearning (the framework of eLearning). This technology has the potential of changing the economic model of how eLearning is created with will, in turn, disrupt the industry. We have tested this technology with several customers and have discovered that there are key expectations of customers that still need to be addressed. This has presented us with several hurdles that need to be jumped.
Description (French)
Velsoft a conçu une technologie de type IA qui convertit automatiquement les documents électroniques en un apprentissage en ligne conforme au SCORM (le cadre de l'apprentissage en ligne). Cette technologie a le potentiel de changer le modèle économique de la création de l'apprentissage en ligne, ce qui aura pour effet de perturber l'industrie. Nous avons mis à l'essai cette technologie auprès de plusieurs clients et avons découvert que certaines attentes essentielles des clients doivent néanmoins être satisfaites. Cette situation nous a présenté plusieurs obstacles qu'il faut surmonter.
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
Central Nova
Federal Riding (French)
Nova-Centre
Federal Riding Number
12002
NAICS Code
541514
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
828689257
Recipient City
New Glasgow|New Glasgow
Recipient Country
CA
Recipient Legal Name
Velsoft Training Materials Inc.
Recipient Postal Code
B2H 2P8
Recipient Province or Territory
NS
Recipient Type
F
Reference Number
172-2019-2020-Q4-942747
