Contribution: Industrial Research Assistance Program – Contributions to Firms
Impossible Metals Canada Inc.
$31,230.00
Market/Technical Feasibility - Offshore Oil Platform Decommissioning AUV
FY 2024-25 · 2024-08-07
Summary
Impossible Metals Canada Inc. is undertaking a three-month project to conduct product discovery based on a preliminary business case for extending the use of existing intellectual property beyond its initial design intent. The technology initially developed for deep sea mining has been identified to have potential applicability for the offshore oil and gas decommissioning market enabling a lower-cost and lower-risk solution to the existing use of divers and ROVs in the final stage of decommissioning.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Collingwood|Collingwood, Ontario, Canada
Recipient Type
For-profit organization
Business Number
778589804
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2024-11-26
Agreement Number
1021552
Agreement Start Date
2024-08-07
Agreement Title
Market/Technical Feasibility - Offshore Oil Platform Decommissioning AUV
Agreement Title (French)
Faisabilité commerciale/technique — AUV pour le démantèlement des plateformes pétrolières en mer
Agreement Type
Contribution
Agreement Value
$31,230.00
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
Impossible Metals Canada Inc. is undertaking a three-month project to conduct product discovery based on a preliminary business case for extending the use of existing intellectual property beyond its initial design intent. The technology initially developed for deep sea mining has been identified to have potential applicability for the offshore oil and gas decommissioning market enabling a lower-cost and lower-risk solution to the existing use of divers and ROVs in the final stage of decommissioning.
Description (French)
Impossible Metals Canada Inc. entreprend un projet de 3 mois visant à découvrir des produits sur la base d’une analyse de rentabilité préliminaire afin d’étendre l’utilisation de la propriété intellectuelle existante au-delà de l’objectif initial de la conception. La technologie initialement développée pour l’exploitation minière en eaux profondes a été identifiée comme pouvant s’appliquer au marché du démantèlement des installations pétrolières et gazières en mer, ce qui permettrait de trouver une solution moins coûteuse et moins risquée à l’utilisation actuelle de plongeurs et de véhicules télécommandés (ROV) dans la phase finale du démantèlement.
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
Simcoe--Grey
Federal Riding (French)
Simcoe--Grey
Federal Riding Number
35099
NAICS Code
541330
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
778589804
Recipient City
Collingwood|Collingwood
Recipient Country
CA
Recipient Legal Name
Impossible Metals Canada Inc.
Recipient Postal Code
L9Y 5A6
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2024-2025-Q2-1021552
