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Contribution: Industrial Research Assistance Program – Contributions to Firms

Technology Trace Inc.

$37,458.00

Smart Asset Tracker for Life Science Enterprises

FY 2019-20 · 2019-10-21

Summary
Perform a controlled Beta study at a hospital in collaboration with our prospect customer Baxter. The business problem we are looking to solve is each year, $20B of portable medical device equipment goes missing. Unlike existing commercial methods to locate portable medical device equipment, the scope of our project is to perform a controlled study in collaboration with a Medical Device OEM and a local hospital. The intent of the study will be to further develop the application of a cloud based and custom IoT hardware solution for the purposes of boundless geographical location detection of equipment. If a medical device is not where it should be, we will automatically and proactively notify owners of exceptions to avoid the loss.
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Location
Rockwood|Rockwood, Ontario, Canada
Recipient Type
For-profit organization
Business Number
774316129
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
02019-10-212019-20$37,458.00
12019-10-212019-20$37,458.00

As published

Additional Information
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 72 days.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 72 jours.
Agreement End Date
2020-09-30
Agreement Number
937937
Agreement Start Date
2019-10-21
Agreement Title
Smart Asset Tracker for Life Science Enterprises
Agreement Title (French)
Smart Asset Tracker pour les entreprises des sciences de la vie
Agreement Type
Contribution
Agreement Value
$37,458.00
Amendment Date
2020-06-26
Amendment Number
1
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
Perform a controlled Beta study at a hospital in collaboration with our prospect customer Baxter. The business problem we are looking to solve is each year, $20B of portable medical device equipment goes missing. Unlike existing commercial methods to locate portable medical device equipment, the scope of our project is to perform a controlled study in collaboration with a Medical Device OEM and a local hospital. The intent of the study will be to further develop the application of a cloud based and custom IoT hardware solution for the purposes of boundless geographical location detection of equipment. If a medical device is not where it should be, we will automatically and proactively notify owners of exceptions to avoid the loss.
Description (French)
Réaliser une étude bêta contrôlée dans un hôpital en collaboration avec notre client potentiel Baxter. Le problème que nous cherchons à résoudre est que chaque année, 20 milliards de dollars d'équipements médicaux portables sont perdus. Contrairement aux méthodes commerciales existantes pour localiser de l'équipement d'appareils médicaux portables, l'objectif de notre projet est d'effectuer une étude contrôlée en collaboration avec un fabricant d'équipement médical d'origine (FEO) et un hôpital local. L'objectif de l'étude sera de développer davantage l'application d'une solution matérielle de l'ITO sur mesure infonuagique pour la détection sans limite de l'emplacement géographique des équipements. Si un dispositif médical n'est pas là où il devrait être, nous aviserons automatiquement et proactivement les propriétaires d'exceptions pour éviter la perte.
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
Wellington--Halton Hills
Federal Riding (French)
Wellington--Halton Hills
Federal Riding Number
35113
NAICS Code
541514
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
774316129
Recipient City
Rockwood|Rockwood
Recipient Country
CA
Recipient Legal Name
Technology Trace Inc.
Recipient Postal Code
N0B 2K0
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2019-2020-Q3-937937
Technology Trace Inc. - $37,458 Contribution (2019-20) | Canada Spends