Contribution: Industrial Research Assistance Program – Contributions to Firms
Instrumar Limited
$250,000.00
Fiber System Hardware & Software Next Generation Product Development
FY 2020-21 · 2020-11-02
Summary
This project is focused on product development for the Instrumar Fiber System (IFS), which will help to lower costs, and add value and functionality to our offering, which should increase customer demand and open new market segments for our product.
This project will allow the evolution of our product into a more market-driven platform. IFS will be easier for potential customers to adopt; will accelerate movement through the sales cycle; and will permit us to gather and perform deeper analysis of our customers’ quality and efficiency data, increasing our value and reinforcing customer loyalty.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
St. John's|St. John's, Newfoundland and Labrador, Canada
Recipient Type
For-profit organization
Business Number
102498763
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2022-03-25
Agreement Number
958802
Agreement Start Date
2020-11-02
Agreement Title
Fiber System Hardware & Software Next Generation Product Development
Agreement Title (French)
Mise au point d'un produit de nouvelle génération pour le système à fibres (matériel et logiciel)
Agreement Type
Contribution
Agreement Value
$250,000.00
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
This project is focused on product development for the Instrumar Fiber System (IFS), which will help to lower costs, and add value and functionality to our offering, which should increase customer demand and open new market segments for our product.
This project will allow the evolution of our product into a more market-driven platform. IFS will be easier for potential customers to adopt; will accelerate movement through the sales cycle; and will permit us to gather and perform deeper analysis of our customers’ quality and efficiency data, increasing our value and reinforcing customer loyalty.
Description (French)
Ce projet est axé sur la mise au point d'un produit pour le système à fibres Instrumar (SFI), qui permettra de réduire les coûts et d'ajouter de la valeur et des fonctionnalités à notre offre. Cette initiative devrait accroître la demande des clients et ouvrir de nouveaux segments de marché pour notre produit. Ce projet permettra l'évolution de notre produit vers une plate-forme davantage axée sur le marché. Le SFI sera plus facile à adopter pour les clients potentiels, accélérera le mouvement dans le cycle de vente et nous permettra de recueillir et d'effectuer une analyse plus approfondie des données sur la qualité et l'efficacité de nos clients, ce qui augmentera notre valeur et renforcera la fidélité des clients.
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
St. John's East
Federal Riding (French)
St. John's-Est
Federal Riding Number
10006
NAICS Code
334512
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
102498763
Recipient City
St. John's|St. John's
Recipient Country
CA
Recipient Legal Name
Instrumar Limited
Recipient Postal Code
A1B 4A5
Recipient Province or Territory
NL
Recipient Type
F
Reference Number
172-2020-2021-Q3-958802
