Contribution: Industrial Research Assistance Program
Polar Imaging Inc
$75,000.00
Market Expansion and Technology Development Initiative
FY 2026-27 · 2026-04-01
Summary
Polar Imaging is developing InvoiceStream, a new invoice processing application designed to automate data extraction, validation, and workflow management for Canadian SMEs. The project focuses on building a scalable platform with integration to widely used accounting systems, including QuickBooks and Sage 300. Activities include application development, workflow design, system integration, and pilot validation to ensure performance, accuracy, and usability. This initiative will improve operational efficiency, reduce manual processing, and support the commercialization of a Canadian-developed financial automation solution.
Department
Program
Industrial Research Assistance Program
Recipient
Location
London|London, Ontario, Canada
Recipient Type
For-profit organization
Business Number
875152910
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2027-03-31
Agreement Number
1042605
Agreement Start Date
2026-04-01
Agreement Title
Market Expansion and Technology Development Initiative
Agreement Title (French)
Initiative d’expansion des marchés et de développement technologique
Agreement Type
Contribution
Agreement Value
$75,000.00
Amendment Number
0
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
Polar Imaging is developing InvoiceStream, a new invoice processing application designed to automate data extraction, validation, and workflow management for Canadian SMEs. The project focuses on building a scalable platform with integration to widely used accounting systems, including QuickBooks and Sage 300. Activities include application development, workflow design, system integration, and pilot validation to ensure performance, accuracy, and usability. This initiative will improve operational efficiency, reduce manual processing, and support the commercialization of a Canadian-developed financial automation solution.
Description (French)
Polar Imaging développe InvoiceStream, une nouvelle application de traitement des factures conçue pour automatiser l’extraction des données, la validation et la gestion des flux de travail pour les PME canadiennes. Le projet vise à mettre en place une plateforme évolutive s’intégrant aux systèmes comptables les plus courants, notamment QuickBooks et Sage 300. Les activités comprennent le développement de l’application, la conception des flux de travail, l’intégration des systèmes et la validation par un projet pilote afin de garantir les performances, la précision et la facilité d’utilisation. Cette initiative permettra d’améliorer l’efficacité opérationnelle, de réduire les tâches manuelles et de soutenir la commercialisation d’une solution d’automatisation financière développée au Canada.
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
Elgin--Middlesex--London
Federal Riding (French)
Elgin--Middlesex--London
Federal Riding Number
35025
NAICS Code
51821
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
875152910
Recipient City
London|London
Recipient Country
CA
Recipient Legal Name
Polar Imaging Inc
Recipient Postal Code
N6L 1G5
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2026-2027-Q1-1042605