Contribution: Industrial Research Assistance Program – Contributions to Firms
Lumen5 Technologies Ltd.
$93,000.00
Experimentation to optimize business processes to support international market diversification of an AI powered online video creation platform
FY 2025-26 · 2025-07-03
Summary
This project will test hypotheses and experiment with new mechanisms to design and optimize a repeatable and scalable business process, which may result in new business methods that support international market diversification of an AI powered online video creation platform
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Vancouver|Vancouver, British Columbia, Canada
Recipient Type
For-profit organization
Business Number
888805629
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2025-12-31
Agreement Number
1033491
Agreement Start Date
2025-07-03
Agreement Title
Experimentation to optimize business processes to support international market diversification of an AI powered online video creation platform
Agreement Title (French)
Expérimentation visant à optimiser les processus commerciaux afin de soutenir la diversification des marchés internationaux d’une plateforme de création de vidéos en ligne alimentée par l’IA
Agreement Type
Contribution
Agreement Value
$93,000.00
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
This project will test hypotheses and experiment with new mechanisms to design and optimize a repeatable and scalable business process, which may result in new business methods that support international market diversification of an AI powered online video creation platform
Description (French)
Ce projet permettra de tester des hypothèses et d’expérimenter de nouveaux mécanismes afin de concevoir et d’optimiser un processus commercial reproductible et évolutif, qui pourrait déboucher sur de nouvelles méthodes commerciales favorisant la diversification internationale d’une plateforme de création de vidéos en ligne alimentée par l’IA.
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
Vancouver Centre
Federal Riding (French)
Vancouver-Centre
Federal Riding Number
59034
NAICS Code
519130
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
888805629
Recipient City
Vancouver|Vancouver
Recipient Country
CA
Recipient Legal Name
Lumen5 Technologies Ltd.
Recipient Postal Code
V6C 1G8
Recipient Province or Territory
BC
Recipient Type
F
Reference Number
172-2025-2026-Q2-1033491
