Contribution: AI Compute Access Fund
Novarc Technologies Inc.
$585,000.00
515701
FY 2025-26 · 2026-03-16
Summary
Novarc Technologies is developing advanced AI infrastructure to enhance its solutions for robotic welding automation.
Program
AI Compute Access Fund
Recipient
Location
Burnaby, British Columbia, Canada
Recipient Type
For-profit organization
Business Number
827834243
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Additional Information
2025/26 to 2027/28,
Additional Information (French)
2025/26 à 2027/28,
Agreement End Date
2028-03-31
Agreement Number
515701
Agreement Start Date
2026-03-16
Agreement Title
515701
Agreement Title (French)
515701
Agreement Type
Contribution
Agreement Value
$585,000.00
Amendment Number
0
Description
Novarc Technologies is developing advanced AI infrastructure to enhance its solutions for robotic welding automation.
Description (French)
Novarc Technologies développe une infrastructure d'IA avancée afin d'améliorer ses solutions d'automatisation du soudage robotisé.
Expected Results
As a part of the AI Compute Access Fund, this project will accelerate Canadian AI innovation and commercialization and support the use of a diverse range of external compute suppliers so companies can stay competitive in a rapidly changing industry.
Expected Results (French)
Le Fonds d'accès à une capacité de calcul pour l'IA offre un soutien financier aux petites et moyennes entreprises (PME) canadiennes afin de leur permettre d'accéder à la capacité de calcul dont elles ont besoin pour développer et commercialiser leurs projets innovants dans le domaine de l'IA.
Federal Riding
Burnaby South
Federal Riding (French)
Burnaby-Sud
Federal Riding Number
59003
NAICS Code
541710
Organization Code
ic
Organization
Innovation, Science and Economic Development Canada | Innovation, Sciences et Développement économique Canada
Program Name
AI Compute Access Fund
Program Name (French)
Fonds d'accès à une capacité de calcul pour l'IA
Program Purpose
The AI Compute Access Fund offers financial support to help Canadian small and medium-sized businesses (SMEs) access the compute power they need to scale and commercialize their innovative AI project.
Program Purpose (French)
Dans le cadre du Fonds d'accès à une capacité de calcul pour l'IA, ce projet accélérera l'innovation et la commercialisation de l'IA au Canada et favorisera le recours à divers fournisseurs externes de services de calcul en vue de permettre aux entreprises de rester compétitives dans un secteur qui évolue rapidement.
Recipient Business Number
827834243
Recipient City
Burnaby
Recipient Country
CA
Recipient Legal Name
Novarc Technologies Inc.
Recipient Operating Name
Novarc Technologies
Recipient Postal Code
V5C 5W1
Recipient Province or Territory
BC
Recipient Type
F
Reference Number
033-2025-2026-Q4-515701
