Contribution: Industrial Research Assistance Program
Worthit Management Inc.
$185,335.00
AI underwriting solution for Canadian lenders
FY 2025-26 · 2025-04-07
Summary
Creating AI-powered mortgage underwriting technology to efficiently underwrite loans by providing a modern platform that requires little to no training to use. The AI technology will deliver a world class and novel experience to all users.
Department
Program
Industrial Research Assistance Program
Recipient
Location
Kelowna|Kelowna, British Columbia, Canada
Recipient Type
For-profit organization
Business Number
785712134
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 | 2025-04-07 | 2025-26 | $150,000.00 |
| 1 | 2025-04-07 | 2025-26 | $185,335.00 |
As published
Additional Information
This agreement has been amended 1 time(s). The total amended value is 35,335 dollars.
Additional Information (French)
Cet accord a été modifié 1 fois La valeur totale des modifications est de 35 335 dollars.
Agreement End Date
2026-03-31
Agreement Number
1030468
Agreement Start Date
2025-04-07
Agreement Title
AI underwriting solution for Canadian lenders
Agreement Title (French)
Solution de souscription IA pour les prêteurs canadiens
Agreement Type
Contribution
Agreement Value
$185,335.00
Amendment Date
2026-02-03
Amendment Number
1
Coverage
Industrial Research Assistance Program projects stimulate wealth creation for Canada through technological innovation and strengthen Canadian innovation ecosystem by creating new industrial capacity. | Les projets du Programme d'aide à la recherche industrielle favorisent la création de richesse au Canada grâce à l'innovation technologique et renforcent l'écosystème canadien de l'innovation en créant de nouvelles capacités industrielles.
Description
Creating AI-powered mortgage underwriting technology to efficiently underwrite loans by providing a modern platform that requires little to no training to use. The AI technology will deliver a world class and novel experience to all users.
Description (French)
Création d’une technologie de souscription hypothécaire alimentée par l’IA pour souscrire efficacement des prêts grâce à une plateforme moderne qui ne nécessite que peu ou pas de formation. La technologie IA offrira une expérience novatrice et de classe mondiale à tous les utilisateurs.
Expected Results
The expected results and outcomes of NRC Industrial Research Assistance Program is focused on growing small and medium-sized enterprises (SMEs) through innovation and wealth creation for Canada.
Expected Results (French)
Les résultats attendus du Programme d’aide à la recherche industrielle du CNRC sont axés sur la croissance des petites et moyennes entreprises (PME) grâce à l’innovation et à la création de richesse pour le Canada.
Federal Riding
Kelowna--Lake Country
Federal Riding (French)
Kelowna--Lake Country
Federal Riding Number
59014
NAICS Code
511211
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program
Program Name (French)
Programme d’aide à la recherche industrielle
Program Purpose
The purpose of Industrial Research Assistance Program Contributions to Firms is to provide support that assists small and medium-sized enterprises (SMEs) to advance their innovation knowledge and ability to innovate, grow through innovation and stimulate wealth creation for Canada.
Program Purpose (French)
Les contributions versées aux entreprises en vertu du Programme d’aide à la recherche industrielle ont pour objectif d’apporter un soutien aux petites et moyennes entreprises (PME) afin qu’elles puissent approfondir leurs connaissances en matière d’innovation et renforcer leur capacité d’innovation, de croissance et de création de richesse pour le Canada.
Recipient Business Number
785712134
Recipient City
Kelowna|Kelowna
Recipient Country
CA
Recipient Legal Name
Worthit Management Inc.
Recipient Operating Name
Worthit
Recipient Postal Code
V1V 2B7
Recipient Province or Territory
BC
Recipient Type
F
Reference Number
172-2025-2026-Q1-1030468
