Contribution: Industrial Research Assistance Program – Contributions to Firms
Sinistar inc.
$150,000.00
AI algorithm for optimizing offers and requests for quotes
FY 2023-24 · 2023-08-01
Summary
The firm currently has an algorithm for prioritizing bids received as part of a call for tenders, based on their quality. The aim of the project is to add a machine learning (AI) component that will be used to continuously optimize the weight of the parameters. Each home selected for rental will enable the algorithm to learn how much weight to give to each parameter. The algorithm can then adjust the weights of these parameters according to identified market needs. Over time, machine learning will be able to select the best accommodation for the policyholder, greatly improving the algorithm's efficiency, as well as its commercial potential.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Montreal|Montreal, Quebec, Canada
Recipient Type
For-profit organization
Business Number
712672898
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2024-07-31
Agreement Number
1011598
Agreement Start Date
2023-08-01
Agreement Title
AI algorithm for optimizing offers and requests for quotes
Agreement Title (French)
Algorithme IA d'optimisation des offres et demandes de soumission
Agreement Type
Contribution
Agreement Value
$150,000.00
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 firm currently has an algorithm for prioritizing bids received as part of a call for tenders, based on their quality. The aim of the project is to add a machine learning (AI) component that will be used to continuously optimize the weight of the parameters. Each home selected for rental will enable the algorithm to learn how much weight to give to each parameter. The algorithm can then adjust the weights of these parameters according to identified market needs. Over time, machine learning will be able to select the best accommodation for the policyholder, greatly improving the algorithm's efficiency, as well as its commercial potential.
Description (French)
L’entreprise possède présentement un algorithme visant à hiérarchiser les soumissions reçues dans le cadre d’un appel d’offres en fonction de leur qualité. Le but du projet consiste à ajouter une composante d’apprentissage machine (AI) qui servira à optimiser le poids des paramètres en continu. Chaque logement sélectionné pour une location permettra à l’algorithme d’apprendre l’importance à accorder à chaque paramètre. L’algorithme pourra alors ajuster les poids de ces paramètres en fonction des besoins identifiés du marché. Avec le temps, l’apprentissage machine sera en mesure de choisir le meilleur logement pour l'assuré et améliorera grandement l’efficacité de l’algorithme, ainsi que son potentiel commercial.
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
Laurier--Sainte-Marie
Federal Riding (French)
Laurier--Sainte-Marie
Federal Riding Number
24039
NAICS Code
519190
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
712672898
Recipient City
Montreal|Montreal
Recipient Country
CA
Recipient Legal Name
Sinistar inc.
Recipient Postal Code
H2J 1J6
Recipient Province or Territory
QC
Recipient Type
F
Reference Number
172-2023-2024-Q3-1011598
