Contribution: Business Scale-Up
Formula Solutions Inc.
$3,095,400.00
815400
FY 2019-20 · 2019-06-26
Summary
Develop innovative composite material manufacturing system to produce commercial aircraft components for the global market.
Program
Business Scale-Up
Recipient
Location
Burlington, Ontario, Canada
Recipient Type
For-profit organization
Business Number
764088712
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2021-09-30
Agreement Number
815400
Agreement Start Date
2019-06-26
Agreement Title
815400
Agreement Title (French)
815400
Agreement Type
Contribution
Agreement Value
$3,095,400.00
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
Develop innovative composite material manufacturing system to produce commercial aircraft components for the global market.
Description (French)
Développer un système innovant de fabrication de matériaux composites pour produire des composants d’avions commerciaux pour le marché mondial.
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
Oakville North-Burlington
Federal Riding (French)
Oakville-Nord-Burlington
Federal Riding Number
35073
NAICS Code
336410
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
764088712
Recipient City
Burlington
Recipient Country
CA
Recipient Legal Name
Formula Solutions Inc.
Recipient Operating Name
Formula Solutions Inc.
Recipient Postal Code
L7L 6V1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
062-2020-2021-Q1-00426
