Contribution: Industrial Research Assistance Program – Contributions to Firms
BioConnect Inc.
$3,000,000.00
Build-out of the BioConnect Trust Platform
FY 2023-24 · 2023-11-01
Summary
The Build out of the BioConnect Trust Platform is the cloud-architecture with which the Company will transform its operating model from a hardware centric / one-time revenue model to a subscription-based model. The Trust Platform, and its capabilities, will deliver the ongoing value to customers going forward necessary to support a subscription model as demonstrated over last 12 months.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Toronto|Toronto, Ontario, Canada
Recipient Type
For-profit organization
Business Number
841567845
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2026-02-28
Agreement Number
1013396
Agreement Start Date
2023-11-01
Agreement Title
Build-out of the BioConnect Trust Platform
Agreement Title (French)
Mise en place de la plateforme BioConnect Trust
Agreement Type
Contribution
Agreement Value
$3,000,000.00
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
The Build out of the BioConnect Trust Platform is the cloud-architecture with which the Company will transform its operating model from a hardware centric / one-time revenue model to a subscription-based model. The Trust Platform, and its capabilities, will deliver the ongoing value to customers going forward necessary to support a subscription model as demonstrated over last 12 months.
Description (French)
La mise en place de la plateforme BioConnect Trust est l’architecture infonuagique avec laquelle l’entreprise transformera son modèle d’exploitation, passant d’un modèle centré sur le matériel et les revenus uniques à un modèle basé sur l’abonnement. La plateforme de confiance et ses capacités offriront aux clients la valeur continue nécessaire pour soutenir un modèle d’abonnement, comme cela a été démontré au cours des 12 derniers mois.
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
Spadina--Fort York
Federal Riding (French)
Spadina--Fort York
Federal Riding Number
35101
NAICS Code
51121
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
841567845
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
BioConnect Inc.
Recipient Operating Name
BioConnect
Recipient Postal Code
M6K 1X4
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2023-2024-Q3-1013396
