Contribution: Industrial Research Assistance Program – Contributions to Firms
Spring Loaded Technology Incorporated
$470,452.00
Development of a Custom-Fitted Multi-Compartment Offloading Knee Brace
FY 2023-24 · 2023-11-01
Summary
Spring Loaded Technology Inc. has developed a performance enhancing knee brace to change and improve lives. The firm's knee brace stores energy as you bend your knee and releases that energy as you straighten your knee. The result is the world's first brace that can instantly enhance or restore strength and mobility, enabling users to do more with less discomfort. To expand on its market attractiveness, particularly in the US, the firm must develop engineering solutions that address current barriers which will allow Spring Loaded Technology's braces to continue to be manufactured in Canada at a competitive cost while simultaneously achieving key product features that will open Spring Loaded Technology's multi-compartment and patellofemoral osteoarthritis offloading bracing to international markets.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Location
Dartmouth|Dartmouth, Nova Scotia, Canada
Recipient Type
For-profit organization
Business Number
834735847
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Amendments
Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.
| Amendment | Date | Fiscal Year | Total |
|---|---|---|---|
| 0 | 2023-11-01 | 2023-24 | $258,690.00 |
| 1 | 2023-11-01 | 2023-24 | $470,452.00 |
As published
Additional Information
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 368 days. The total amended value is 211,762 dollars.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 368 jours. La valeur totale des modifications est de 211 762 dollars.
Agreement End Date
2026-03-31
Agreement Number
1013804
Agreement Start Date
2023-11-01
Agreement Title
Development of a Custom-Fitted Multi-Compartment Offloading Knee Brace
Agreement Title (French)
Mise au point d’une orthèse de genou à compartiments multiples sur mesure
Agreement Type
Contribution
Agreement Value
$470,452.00
Amendment Date
2025-03-25
Amendment Number
1
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
Spring Loaded Technology Inc. has developed a performance enhancing knee brace to change and improve lives. The firm's knee brace stores energy as you bend your knee and releases that energy as you straighten your knee. The result is the world's first brace that can instantly enhance or restore strength and mobility, enabling users to do more with less discomfort. To expand on its market attractiveness, particularly in the US, the firm must develop engineering solutions that address current barriers which will allow Spring Loaded Technology's braces to continue to be manufactured in Canada at a competitive cost while simultaneously achieving key product features that will open Spring Loaded Technology's multi-compartment and patellofemoral osteoarthritis offloading bracing to international markets.
Description (French)
Spring Loaded Technology Inc. a mis au point une genouillère améliorant les performances afin de changer et d’améliorer la vie des gens. L’orthèse de genou de l’entreprise stocke l’énergie lorsque vous pliez le genou et la libère lorsque vous le redressez. Il en résulte la première orthèse au monde capable d’améliorer ou de restaurer instantanément la force et la mobilité, ce qui permet aux utilisateurs d’en faire plus avec moins d’inconfort. Pour accroître l’attrait de son marché, en particulier aux États-Unis, l’entreprise doit mettre au point des solutions techniques qui s’attaquent aux obstacles actuels et qui permettront aux orthèses de Spring Loaded Technology de continuer à être fabriquées au Canada à un coût concurrentiel tout en présentant des caractéristiques de produit clés qui ouvriront les marchés internationaux à l’orthèse à compartiments multiples et à l’orthèse de décharge pour l’arthrose fémoro-patellaire de Spring Loaded Technology.
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
Dartmouth--Cole Harbour
Federal Riding (French)
Dartmouth--Cole Harbour
Federal Riding Number
12004
NAICS Code
334512
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
834735847
Recipient City
Dartmouth|Dartmouth
Recipient Country
CA
Recipient Legal Name
Spring Loaded Technology Incorporated
Recipient Postal Code
B3B 1T2
Recipient Province or Territory
NS
Recipient Type
F
Reference Number
172-2023-2024-Q4-1013804
