Contribution: Business Scale-Up
Lorama Group Inc
$2,000,000.00
815859
FY 2021-22 · 2021-06-02
Summary
The company needs to adopt new manufacturing equipment in order to commercialize its bio word adhesive product for use in products such as medium density fibreboard and particleboard
Program
Business Scale-Up
Recipient
Location
Mississauga, Ontario, Canada
Recipient Type
For-profit organization
Business Number
103385571
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2024-03-31
Agreement Number
815859
Agreement Start Date
2021-06-02
Agreement Title
815859
Agreement Title (French)
815859
Agreement Type
Contribution
Agreement Value
$2,000,000.00
Amendment Number
0
Coverage
To achieve one or more of the following departmental results, i) Businesses in southern Ontario invest in the development and commercialization of innovative technologies, ii) Businesses in southern Ontario are innovative and growing; and iii) Communities are economically diversified in southern Ontario. | Atteindre un ou plusieurs des résultats ministériels suivants : i) les entreprises du Sud de l'Ontario investissent dans le développement et la commercialisation de technologies novatrices; ii) les entreprises du Sud de l'Ontario sont novatrices et en croissance; iii) les collectivités du Sud de l'Ontario sont diversifiées sur le plan économique.
Description
The company needs to adopt new manufacturing equipment in order to commercialize its bio word adhesive product for use in products such as medium density fibreboard and particleboard
Description (French)
L’entreprise doit adopter de nouveaux équipements de fabrication afin de commercialiser son adhésif biologique destiné à être utilisé dans des produits tels que les panneaux de fibres de densité moyenne et les panneaux de particules
Expected Results
To achieve one or more of the following departmental results, i) Businesses in southern Ontario invest in the development and commercialization of innovative technologies, ii) Businesses in southern Ontario are innovative and growing; and iii) Communities are economically diversified in southern Ontario.
Expected Results (French)
Atteindre un ou plusieurs des résultats ministériels suivants : i) les entreprises du Sud de l'Ontario investissent dans le développement et la commercialisation de technologies novatrices; ii) les entreprises du Sud de l'Ontario sont novatrices et en croissance; iii) les collectivités du Sud de l'Ontario sont diversifiées sur le plan économique.
Federal Riding
Mississauga--Streetsville
Federal Riding (French)
Mississauga--Streetsville
Federal Riding Number
35063
NAICS Code
325510
Organization Code
feddevontario
Organization
Federal Economic Development Agency for Southern Ontario | Agence fédérale de développement économique pour le Sud de l'Ontario
Program Name
Business Scale-Up
Program Name (French)
Expansion des entreprises
Program Purpose
To accelerate the growth of firms and assist with the adoption and adaptation of new, innovative technologies that support scale-up, productivity, development of and entry into new markets to help companies become globally competitive.
Program Purpose (French)
Accélérer la croissance des entreprises et favoriser l'adoption et l'adaptation de technologies novatrices qui favorisent l'expansion, la productivité, le développement et l'entrée sur de nouveaux marchés pour aider les entreprises à devenir concurrentielles à l'échelle mondiale.
Recipient Business Number
103385571
Recipient City
Mississauga
Recipient Country
CA
Recipient Legal Name
Lorama Group Inc
Recipient Operating Name
Lorama Group Inc
Recipient Postal Code
L5N 8A3
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
062-2021-2022-Q4-00056
