Contribution: Industrial Research Assistance Program – Contributions to Firms
Global Reach Financial Services Inc.
$750,000.00
Strategy Optimization Engine
FY 2021-22 · 2021-04-01
Summary
Build a FX hedging decision optimization engine to correlate/analyze a set of input data to produce the suggestions to client about: when to hedge, what to hedge, how to hedge, how much to hedge.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Burlington|Burlington, Ontario, Canada
Recipient Type
For-profit organization
Business Number
737597070
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 | 2021-04-01 | 2021-22 | $400,000.00 |
| 1 | 2021-04-01 | 2021-22 | $600,000.00 |
| 2 | 2021-04-01 | 2021-22 | $750,000.00 |
As published
Additional Information
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 91 days. The total amended value is 150,000 dollars.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 91 jours. La valeur totale des modifications est de 150 000 dollars.
Agreement End Date
2022-06-30
Agreement Number
970416
Agreement Start Date
2021-04-01
Agreement Title
Strategy Optimization Engine
Agreement Title (French)
Moteur d'optimisation de la stratégie
Agreement Type
Contribution
Agreement Value
$750,000.00
Amendment Date
2022-02-02
Amendment Number
2
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
Build a FX hedging decision optimization engine to correlate/analyze a set of input data to produce the suggestions to client about: when to hedge, what to hedge, how to hedge, how much to hedge.
Description (French)
Créer un moteur d'optimisation des décisions de couverture du risque de change pour établir des corrélations/analyser un ensemble de données d'entrée afin de produire des suggestions au client sur : le moment de la couverture, la nature de la couverture, la manière de la couverture, le montant de la couverture.
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
Oakville North--Burlington
Federal Riding (French)
Oakville-Nord--Burlington
Federal Riding Number
35073
NAICS Code
52232
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
737597070
Recipient City
Burlington|Burlington
Recipient Country
CA
Recipient Legal Name
Global Reach Financial Services Inc.
Recipient Operating Name
Global Reach
Recipient Postal Code
L7L 6A3
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2021-2022-Q1-970416
