Contribution: Industrial Research Assistance Program – Contributions to Firms
TOOLBX Inc.
$100,000.00
A Three-Sided Marketplace For Construction Material Procurement
FY 2020-21 · 2020-07-01
Summary
TOOLBX is building a three-sided marketplace connecting builders, suppliers, and trades to coordinate material procurement for construction projects. This technology will solve three key problem areas for the construction industry: a) Communication around order procurement, b) Sharing order & delivery information, and c) Pricing and payments.
This project solves several key barriers to material procurement:
- No way to passively track project and procurement updates.
- No way to update existing systems automatically when updates occur.
- No way to search, cost-code, and export invoices digitally.
- No way to re-order similar material quickly.
- No way to visualize, understand and predict business needs in real-time.
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
747015923
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2021-02-28
Agreement Number
962537
Agreement Start Date
2020-07-01
Agreement Title
A Three-Sided Marketplace For Construction Material Procurement
Agreement Title (French)
Marché à trois volets pour l'approvisionnement en matériaux de construction
Agreement Type
Contribution
Agreement Value
$100,000.00
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
TOOLBX is building a three-sided marketplace connecting builders, suppliers, and trades to coordinate material procurement for construction projects. This technology will solve three key problem areas for the construction industry: a) Communication around order procurement, b) Sharing order & delivery information, and c) Pricing and payments.
This project solves several key barriers to material procurement:
- No way to passively track project and procurement updates.
- No way to update existing systems automatically when updates occur.
- No way to search, cost-code, and export invoices digitally.
- No way to re-order similar material quickly.
- No way to visualize, understand and predict business needs in real-time.
Description (French)
TOOLBX met en place un marché tripartite reliant les constructeurs, les fournisseurs et les commerçants afin de coordonner l'approvisionnement en matériaux pour les projets de construction. Cette technologie permettra de résoudre trois problèmes clés pour le secteur de la construction : a) la communication entourant la passation des commandes, b) le partage d'informations relatives aux commandes et aux livraisons et c) l'établissement des prix et les paiements. Ce projet permet de lever plusieurs obstacles majeurs à l'approvisionnement en matériaux : - Aucun moyen de suivre passivement l'évolution des projets et des approvisionnements. - Aucun moyen de mettre à jour automatiquement les systèmes existants lorsque des mises à jour ont lieu. - Aucun moyen de rechercher, de coder les coûts et d'exporter les factures numériquement. - Aucun moyen de commander de nouveau du matériel similaire rapidement. - Aucun moyen de visualiser, de comprendre et de prévoir les besoins de l'entreprise en temps réel.
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
Spadina--Fort York
Federal Riding (French)
Spadina--Fort York
Federal Riding Number
35101
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
747015923
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
TOOLBX Inc.
Recipient Postal Code
M5V 2Y1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2020-2021-Q3-962537
