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Contribution: Industrial Research Assistance Program

Veristart Technologies Inc.

$75,000.00

Hardware and Software Commercialization and Scalability Development

FY 2024-25 · 2025-02-17

Summary
The Firm will advance the development of its construction equipment access control solution by developing the design and production of a custom PCB and enclosure, expanding software’s feature set, enhancing system security, and testing scalability. This phase is crucial to transitioning from MVP to commercial readiness, ensuring the solution can be deployed efficiently at scale while maintaining robust security measures. Having secured funding from the Government of Newfoundland & Labrador Department of Industry, Trade and Technology for a significant portion of the project, this funding from NRC will help de-risk the cash-flows and accelerate the timeline for the project.
Program
Industrial Research Assistance Program
Location
St. John's|St. John's, Newfoundland and Labrador, Canada
Recipient Type
For-profit organization
Business Number
753131747
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions

Amendments

Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.

AmendmentDateFiscal YearTotal
02025-02-172024-25$72,000.00
12025-02-172024-25$75,000.00

As published

Additional Information
This agreement has been amended 1 time(s). The total amended value is 3,000 dollars.
Additional Information (French)
Cet accord a été modifié 1 fois La valeur totale des modifications est de 3 000 dollars.
Agreement End Date
2026-02-13
Agreement Number
1027958
Agreement Start Date
2025-02-17
Agreement Title
Hardware and Software Commercialization and Scalability Development
Agreement Title (French)
Développement de la commercialisation et de l’évolutivité du matériel et des logiciels
Agreement Type
Contribution
Agreement Value
$75,000.00
Amendment Date
2026-01-22
Amendment Number
1
Coverage
Industrial Research Assistance Program projects stimulate wealth creation for Canada through technological innovation and strengthen Canadian innovation ecosystem by creating new industrial capacity. | Les projets du Programme d'aide à la recherche industrielle favorisent la création de richesse au Canada grâce à l'innovation technologique et renforcent l'écosystème canadien de l'innovation en créant de nouvelles capacités industrielles.
Description
The Firm will advance the development of its construction equipment access control solution by developing the design and production of a custom PCB and enclosure, expanding software’s feature set, enhancing system security, and testing scalability. This phase is crucial to transitioning from MVP to commercial readiness, ensuring the solution can be deployed efficiently at scale while maintaining robust security measures. Having secured funding from the Government of Newfoundland & Labrador Department of Industry, Trade and Technology for a significant portion of the project, this funding from NRC will help de-risk the cash-flows and accelerate the timeline for the project.
Description (French)
L’entreprise fera progresser le développement de sa solution de contrôle d’accès aux équipements de construction en développant la conception et la production d’un circuit imprimé et d’un boîtier personnalisés, en élargissant l’ensemble des fonctionnalités du logiciel, en améliorant la sécurité du système et en testant l’évolutivité. Cette phase est cruciale pour passer du PMV à la préparation commerciale, en s’assurant que la solution peut être déployée efficacement à grande échelle tout en maintenant des mesures de sécurité robustes. Après avoir obtenu un financement du ministère de l’Industrie, du Commerce et de la Technologie de Terre-Neuve-et-Labrador pour une partie importante du projet, ce financement du CNRC permettra de réduire les risques liés aux flux de trésorerie et d’accélérer le calendrier du projet.
Expected Results
The expected results and outcomes of NRC Industrial Research Assistance Program is focused on growing small and medium-sized enterprises (SMEs) through innovation and wealth creation for Canada.
Expected Results (French)
Les résultats attendus du Programme d’aide à la recherche industrielle du CNRC sont axés sur la croissance des petites et moyennes entreprises (PME) grâce à l’innovation et à la création de richesse pour le Canada.
Federal Riding
St. John's South--Mount Pearl
Federal Riding (French)
St. John's-Sud--Mount Pearl
Federal Riding Number
10007
NAICS Code
51121
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program
Program Name (French)
Programme d’aide à la recherche industrielle
Program Purpose
The purpose of Industrial Research Assistance Program Contributions to Firms is to provide support that assists small and medium-sized enterprises (SMEs) to advance their innovation knowledge and ability to innovate, grow through innovation and stimulate wealth creation for Canada.
Program Purpose (French)
Les contributions versées aux entreprises en vertu du Programme d’aide à la recherche industrielle ont pour objectif d’apporter un soutien aux petites et moyennes entreprises (PME) afin qu’elles puissent approfondir leurs connaissances en matière d’innovation et renforcer leur capacité d’innovation, de croissance et de création de richesse pour le Canada.
Recipient Business Number
753131747
Recipient City
St. John's|St. John's
Recipient Country
CA
Recipient Legal Name
Veristart Technologies Inc.
Recipient Operating Name
Veristart
Recipient Postal Code
A1H 1A2
Recipient Province or Territory
NL
Recipient Type
F
Reference Number
172-2024-2025-Q4-1027958