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Explore our Budget 2026 analysis

Contribution: REGI-BSP-Regional Tariff Response Initiative (RTRI)

Virtual Marine Technology Inc.

$500,000.00

228597

FY 2025-26 · 2026-03-19

Summary
Undertake initiatives to mitigate the impacts of ongoing tariff and trade volatility
Program
REGI-BSP-Regional Tariff Response Initiative (RTRI)
Location
Paradise, Newfoundland and Labrador, Canada
Recipient Type
For-profit organization
Business Number
860049030
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions

As published

Additional Information
The assistance type is Non-Repayable Contribution.
Additional Information (French)
Le type d'aide est Contribution non remboursable.
Agreement End Date
2027-03-31
Agreement Number
228597
Agreement Start Date
2026-03-19
Agreement Title
228597
Agreement Title (French)
228597
Agreement Type
Contribution
Agreement Value
$500,000.00
Amendment Number
0
Description
Undertake initiatives to mitigate the impacts of ongoing tariff and trade volatility
Description (French)
Entreprendre initiatives pour atténuer les effets des tarifs et la volatilité des échanges
Expected Results
To achieve one or more of the following departmental results, i) Businesses are innovative and growing in Atlantic Canada, ii) Businesses invest in the development and commercialization of innovative technologies in Atlantic Canada; and iii) Communities are economically diversified in Atlantic Canada.
Expected Results (French)
Afin d’atteindre un ou plusieurs des résultats ministériels suivants : i) les entreprises sont innovantes et en croissance au Canada atlantique; ii) les entreprises investissent dans le développement et la commercialisation de technologies innovantes au Canada atlantique; iii) les collectivités sont économiquement diversifiées au Canada atlantique.
Organization Code
acoa-apeca
Organization
Atlantic Canada Opportunities Agency | Agence de promotion économique du Canada atlantique
Program Name
REGI-BSP-Regional Tariff Response Initiative (RTRI)
Program Name (French)
CERI-EPE-Initiative régionale de réponse tarifaire (IRRT)
Program Purpose
To invest in and support businesses at various stages of development, including high-growth firms to accelerate their growth and assist them in scaling up, enhance their productivity and competitiveness in both domestic and global markets.
Program Purpose (French)
Investir dans les entreprises et les appuyer à diverses étapes de leur développement, y compris les entreprises à forte croissance, afin d’accélérer leur croissance, de les aider à prendre de l’expansion, et d’améliorer leur productivité et leur compétitivité sur les marchés nationaux et internationaux.
Recipient Business Number
860049030
Recipient City
Paradise
Recipient Country
CA
Recipient Legal Name
Virtual Marine Technology Inc.
Recipient Operating Name
Virtual Marine
Recipient Postal Code
A1L 4A2
Recipient Province or Territory
NL
Recipient Type
F
Reference Number
276-2025-2026-Q4-00233