Contribution: Industrial Research Assistance Program – Contributions to Firms
MICC Financial Inc.
$125,000.00
Innovative Credit Score
FY 2023-24 · 2023-08-01
Summary
An innovative credit scoring model that leverages community savings and loan transactions. This credit scoring model can potentially revolutionize the way lenders assess creditworthiness in community banking by expanding access to credit for individuals who may have been previously excluded from traditional banking services.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Calgary|Calgary, Alberta, Canada
Recipient Type
For-profit organization
Business Number
749000477
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2024-07-31
Agreement Number
1008569
Agreement Start Date
2023-08-01
Agreement Title
Innovative Credit Score
Agreement Title (French)
Score de crédit innovant
Agreement Type
Contribution
Agreement Value
$125,000.00
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
An innovative credit scoring model that leverages community savings and loan transactions. This credit scoring model can potentially revolutionize the way lenders assess creditworthiness in community banking by expanding access to credit for individuals who may have been previously excluded from traditional banking services.
Description (French)
Un modèle innovant d’évaluation du crédit qui s’appuie sur les transactions d’épargne et de prêt de la communauté. Ce modèle de notation peut potentiellement révolutionner la manière dont les prêteurs évaluent la solvabilité dans les services bancaires de proximité en élargissant l’accès au crédit pour les personnes qui auraient pu être exclues des services bancaires traditionnels.
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
Calgary Centre
Federal Riding (French)
Calgary-Centre
Federal Riding Number
48004
NAICS Code
523990
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
749000477
Recipient City
Calgary|Calgary
Recipient Country
CA
Recipient Legal Name
MICC Financial Inc.
Recipient Operating Name
Woveo
Recipient Postal Code
T2P 1B4
Recipient Province or Territory
AB
Recipient Type
F
Reference Number
172-2023-2024-Q2-1008569
