Canada Spends Logo

Explore our Budget 2026 analysis

Other transfer or payment: SIF Stream 1- R&D

Ranovus Inc.

$36,000,000.00

816046

FY 2022-23 · 2022-06-01

Summary
Development of power efficient connectivity technologies for AI/ML in Data Centers
Program
SIF Stream 1- R&D
Recipient
Location
Kanata, Ontario, Canada
Recipient Type
For-profit organization
Business Number
826931883
Type
Other transfer or payment
Source
Proactive Disclosure - Grants and Contributions

As published

Additional Information
This is a fully repayable contribution
Additional Information (French)
Il s'agit d'une contribution entièrement remboursable.
Agreement End Date
2027-06-30
Agreement Number
816046
Agreement Start Date
2022-06-01
Agreement Title
816046
Agreement Title (French)
816046
Agreement Type
Other transfer payment
Agreement Value
$36,000,000.00
Amendment Number
0
Description
Development of power efficient connectivity technologies for AI/ML in Data Centers
Description (French)
Développement de technologies de connectivité écoénergétiques pour l'IA/ML dans les centres de données
Expected Results
A successful outcome will result in increased power and efficiency for customers, enabling more complex artificial intelligence and machine learning (AI/ML) workloads and decreased energy consumption.
Expected Results (French)
Une issue favorable entraînera une augmentation de puissance et d'efficacité pour les clients, permettant ainsi de réaliser des activités plus complexes d'intelligence artificielle et d'apprentissage automatique (IA/AA) et une diminution de la consommation d'énergie.
Federal Riding
Kanata--Carleton
Federal Riding (French)
Kanata--Carleton
Federal Riding Number
35041
NAICS Code
334110
Organization Code
ic
Organization
Innovation, Science and Economic Development Canada | Innovation, Sciences et Développement économique Canada
Program Name
SIF Stream 1- R&D
Program Name (French)
FIS Volet 1- R&D
Program Purpose
-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.
Program Purpose (French)
-favoriser les activités de R-D qui accéléreront le transfert de la technologie et la commercialisation de produits, de processus et de services novateurs ;-faciliter la croissance et l'expansion des entreprises au Canada ;-attirer et conserver des investissements de grande envergure au Canada ; et-faire progresser la recherche industrielle, le développement et la démonstration de technologies grâce à la collaboration entre les universitaires, les organisations à but non lucratif et le secteur privé.
Recipient Business Number
826931883
Recipient City
Kanata
Recipient Country
CA
Recipient Legal Name
Ranovus Inc.
Recipient Operating Name
Ranovus Inc.
Recipient Postal Code
K2K2X1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
033-2022-2023-Q4-816046