Contribution: SIF Stream 1- R&D
Ranovus Inc.
$20,000,000.00
811938
FY 2018-19 · 2018-09-01
Summary
Development of next-generation data centre infrastructure that will double data processing capacity while significantly reducing its environmental impact and cost.
Program
SIF Stream 1- R&D
Recipient
Location
Kanata, Ontario, Canada
Recipient Type
For-profit organization
Business Number
826931883
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.
| Amendment | Date | Fiscal Year | Total |
|---|---|---|---|
| 0 | 2018-09-01 | 2018-19 | $20,000,000.00 |
| 1 | 2018-09-01 | 2018-19 | $20,000,000.00 |
| 2 | 2018-09-01 | 2018-19 | $20,000,000.00 |
| 3 | 2018-09-01 | 2018-19 | $20,000,000.00 |
As published
Additional Information
The amendment has been completed to extend the project from 2021-12-30 to 2022-09-30. This is a repayable contribution.
Additional Information (French)
La modification a été apportée afin de prolonger le projet, du 30-12-2021 au 30-09-2022. Il s'agit d'une contribution remboursable.
Agreement End Date
2022-09-30
Agreement Number
811938
Agreement Start Date
2018-09-01
Agreement Title
811938
Agreement Title (French)
811938
Agreement Type
Contribution
Agreement Value
$20,000,000.00
Amendment Date
2022-08-10
Amendment Number
3
Description
Development of next-generation data centre infrastructure that will double data processing capacity while significantly reducing its environmental impact and cost.
Description (French)
Mise au point par l'entreprise d'une infrastructure de prochaine génération destinée aux centres de données, qui doublera la capacité de traitement des données, tout en réduisant considérablement les coûts et l'impact environnemental de ce type d'activité.
Expected Results
This project will help advance a disruptive technology solution for data centres to increase efficiency and reduce energy needs, as well as. The project will establish an advanced manufacturing facility in Ottawa, Ontario and will rebuild the ecosystem in Canada for innovative data centre products.
Expected Results (French)
Le projet aidera à promouvoir une solution technologique innovante prévue pour les centres de données dans le but d'améliorer l'efficacité et de réduire les besoins énergétiques. Le projet établira une installation de fabrication avancée à Ottawa, en Ontario, et reconstruira l'écosystème du Canada en ce qui concerne les produits novateurs des centres de données.
Federal Riding
Nepean
Federal Riding (French)
Nepean
Federal Riding Number
35064
NAICS Code
334110
Organization Code
ic
Organization
Innovation, Science and Economic Development Canada | Innovation, Sciences et Développement économique Canada
Program Name
SIF Stream 1- R&D
Program Name (French)
FIS Volet 1- R&D
Program Purpose
-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.
Program Purpose (French)
-favoriser les activités de R-D qui accéléreront le transfert de la technologie et la commercialisation de produits, de processus et de services novateurs ;-faciliter la croissance et l'expansion des entreprises au Canada ;-attirer et conserver des investissements de grande envergure au Canada ; et-faire progresser la recherche industrielle, le développement et la démonstration de technologies grâce à la collaboration entre les universitaires, les organisations à but non lucratif et le secteur privé.
Recipient Business Number
826931883
Recipient City
Kanata
Recipient Country
CA
Recipient Legal Name
Ranovus Inc.
Recipient Operating Name
Ranovus Inc.
Recipient Postal Code
K2K2X1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
033-2018-2019-Q3-811938
