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Contribution: Industrial Research Assistance Program – Contributions to Organizations

BIROTA ECONOMICS GROUP INC.

$250,000.00

Early Economic Evaluation of Innovative Canadian Life Sciences SME Technology

FY 2025-26 · 2025-04-01

Summary
The Health Technology Assessment Support for SMEs aims to provide health technology assessment and guidance to SMEs. This project will help SMEs understand in quantified terms, the potential value of their new products/technologies to healthcare payers and insurers, commercial viability, market access opportunity, risks, and potential return on investment. It will undertake a quantitative assessment of the clinical and economic outcomes that might be achieved with the new product, and a determination of whether a healthcare payer will reimburse the product at a price sufficient to generate a return on investment. This will assist in strategic decision making that will impact the strategies used in the product life cycle management.
Program
Industrial Research Assistance Program – Contributions to OrganizationsIndustrial Research Assistance Program-Contributions to Organizations (linked with high confidence)
Location
Kelowna|Kelowna, British Columbia, Canada
Recipient Type
For-profit organization
Business Number
749775706
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions

As published

Agreement End Date
2026-03-31
Agreement Number
1029070
Agreement Start Date
2025-04-01
Agreement Title
Early Economic Evaluation of Innovative Canadian Life Sciences SME Technology
Agreement Title (French)
Évaluation économique précoce des technologies innovantes des PME canadiennes dans le domaine des sciences de la vie
Agreement Type
Contribution
Agreement Value
$250,000.00
Amendment Number
0
Coverage
IRAP Contributions to Organizations projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux organismes stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
The Health Technology Assessment Support for SMEs aims to provide health technology assessment and guidance to SMEs. This project will help SMEs understand in quantified terms, the potential value of their new products/technologies to healthcare payers and insurers, commercial viability, market access opportunity, risks, and potential return on investment. It will undertake a quantitative assessment of the clinical and economic outcomes that might be achieved with the new product, and a determination of whether a healthcare payer will reimburse the product at a price sufficient to generate a return on investment. This will assist in strategic decision making that will impact the strategies used in the product life cycle management.
Description (French)
Le programme d’aide à l’évaluation des technologies de la santé pour les PME vise à fournir aux PME une évaluation et des conseils en matière de technologies de la santé. Ce projet aidera les PME à comprendre, en termes quantifiés, la valeur potentielle de leurs nouveaux produits/technologies pour les payeurs et les assureurs de soins de santé, leur viabilité commerciale, leurs possibilités d’accès au marché, leurs risques et leur retour sur investissement potentiel. Il procédera à une évaluation quantitative des résultats cliniques et économiques qui pourraient être obtenus avec le nouveau produit et déterminera si un payeur de soins de santé remboursera le produit à un prix suffisant pour générer un retour sur investissement. Cela facilitera la prise de décisions stratégiques qui auront une incidence sur les stratégies utilisées dans la gestion du cycle de vie des produits.
Expected Results
The purpose of IRAP Contributions to Organizations is to support Organizations in building and integrating the innovation capacity in Canada for the benefit of Firms in Canada, primarily SMEs and to support Organizations in providing innovation assistance services to SMEs in Canada.
Expected Results (French)
Le PARI, par le biais des Contributions aux organismes, vise à soutenir les organismes en les aidant à construire et à intégrer leur capacité d’innovation au Canada au bénéfice des entreprises canadiennes, et plus particulièrement des PME et à aider les organismes à offrir des services d’aide à l’innovation aux PME au Canada.
Federal Riding
Kelowna--Lake Country
Federal Riding (French)
Kelowna--Lake Country
Federal Riding Number
59014
NAICS Code
541710
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Organizations
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux organismes
Program Purpose
The purpose of IRAP Contributions to Organizations is to support Organizations in building and integrating the innovation capacity in Canada for the benefit of Firms in Canada, primarily SMEs and to support Organizations in providing innovation assistance services to SMEs in Canada.
Program Purpose (French)
Le PARI, par le biais des Contributions aux organismes, vise à soutenir les organismes en les aidant à construire et à intégrer leur capacité d’innovation au Canada au bénéfice des entreprises canadiennes, et plus particulièrement des PME et à aider les organismes à offrir des services d’aide à l’innovation aux PME au Canada.
Recipient Business Number
749775706
Recipient City
Kelowna|Kelowna
Recipient Country
CA
Recipient Legal Name
BIROTA ECONOMICS GROUP INC.
Recipient Postal Code
V1Y 0C2
Recipient Province or Territory
BC
Recipient Type
F
Reference Number
172-2025-2026-Q1-1029070