Contribution: Industrial Research Assistance Program – Contributions to Firms
Overbond Ltd.
$500,000.00
Eureka Canada-E!18918-GREENWISE-ESG-focused Green Bond Analysis, Enhanced Prediction and Wise Investment Optimization
FY 2023-24 · 2023-07-01
Summary
As part of the international consortium project "GREENWISE-ESG-focused Green Bond Analysis, Enhanced Prediction and Wise Investment Optimization”, this project will focus on investigating investors' willingness to reward greener bonds. We will process EUR sovereign fixed income, interest rate data to feed & ML model with market risk coefficients that will scale the macro government rates, creating a base-line clustering of green bonds & their pricing in the market, compared with competition -AI generated signals for macroeconomic risk. The results of GREENWISE will be a tool suite for measuring the perceived vs actual “greenness” of Fixed Income assets and predicting how this will affect the pricing of these Fixed Income assets
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
790005920
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2024-07-01
Agreement Number
1011927
Agreement Start Date
2023-07-01
Agreement Title
Eureka Canada-E!18918-GREENWISE-ESG-focused Green Bond Analysis, Enhanced Prediction and Wise Investment Optimization
Agreement Title (French)
Eureka Canada-E!18918-GREENWISE - Analyse des obligations vertes, prévisions améliorées et optimisation des investissements judicieux
Agreement Type
Contribution
Agreement Value
$500,000.00
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
As part of the international consortium project "GREENWISE-ESG-focused Green Bond Analysis, Enhanced Prediction and Wise Investment Optimization”, this project will focus on investigating investors' willingness to reward greener bonds. We will process EUR sovereign fixed income, interest rate data to feed & ML model with market risk coefficients that will scale the macro government rates, creating a base-line clustering of green bonds & their pricing in the market, compared with competition -AI generated signals for macroeconomic risk. The results of GREENWISE will be a tool suite for measuring the perceived vs actual “greenness” of Fixed Income assets and predicting how this will affect the pricing of these Fixed Income assets
Description (French)
Dans le cadre du projet de consortium international GREENWISE-ESG (Green Bond Analysis, Enhanced Prediction and Wise Investment Optimization), ce projet se concentrera sur l’étude de la volonté des investisseurs de récompenser les obligations plus vertes. Nous traiterons les données sur les taux d’intérêt des obligations souveraines en euros pour alimenter un modèle LM avec des coefficients de risque de marché qui mettront à l’échelle les taux macro-étatiques, créant un regroupement de base des obligations vertes et leur prix sur le marché, par rapport à la concurrence — les signaux générés par l’IA pour le risque macro-économique. Les résultats de GREENWISE constitueront un ensemble d’outils permettant de mesurer le caractère «vert» perçu ou réel des actifs à revenu fixe et de prédire comment cela affectera la tarification de ces actifs à revenu fixe.
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
Eglinton--Lawrence
Federal Riding (French)
Eglinton--Lawrence
Federal Riding Number
35024
NAICS Code
5239
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
790005920
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
Overbond Ltd.
Recipient Operating Name
Overbond
Recipient Postal Code
M6E 2S1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2023-2024-Q3-1011927
