Contribution: Industrial Research Assistance Program – Contributions to Firms
2ndSite Inc.
$290,662.17
B2B Payments
EF 2021-22 · 2021-07-01
Résumé
The firm aims to develop Software As A Service (SAAS) platform that will allow small businesses a lightweight and standardized onboarding process to gain access to a network of large enterprises that they often do work for and need to collect payment from. This innovation will provide access to these large companies with fewer steps, fewer approvals, and shorter wait times to collect payment. The firm’s solution will also provide the small business owners more control over their payment terms including preferred payment methods, and payment schedules. They will be able to set rules on when they need to get paid, and what method they need to get paid so that they can gain access to the funds quickly and easily reconcile their accounting.
Ministère
Programme
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (lien de confiance élevée)
Bénéficiaire
Emplacement
Toronto|Toronto, Ontario, Canada
Type de bénéficiaire
For-profit organization
Numéro d'entreprise
826064529
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Modifications
Chaque version de l'entente telle que publiée, de la plus ancienne à la plus récente, avec son total à cette version. Le montant ci-dessus est le plus récent.
| Modification | Date | Exercice financier | Total |
|---|---|---|---|
| 0 | 2021-07-01 | 2021-22 | $750,000.00 |
| 1 | 2021-07-01 | 2021-22 | $750,000.00 |
| 3 | 2021-07-01 | 2021-22 | $750,000.00 |
| 4 | 2021-07-01 | 2021-22 | $290,662.17 |
Tel que publié
Additional Information
This agreement has been amended 1 time(s). The total amended value is -459,337.83 dollars.
Additional Information (French)
Cet accord a été modifié 1 fois La valeur totale des modifications est de - 459 338 dollars.
Agreement End Date
2024-03-31
Agreement Number
967733
Agreement Start Date
2021-07-01
Agreement Title
B2B Payments
Agreement Title (French)
Paiements interentreprises (B2B)
Agreement Type
Contribution
Agreement Value
$290,662.17
Amendment Date
2022-12-02
Amendment Number
4
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
The firm aims to develop Software As A Service (SAAS) platform that will allow small businesses a lightweight and standardized onboarding process to gain access to a network of large enterprises that they often do work for and need to collect payment from. This innovation will provide access to these large companies with fewer steps, fewer approvals, and shorter wait times to collect payment. The firm’s solution will also provide the small business owners more control over their payment terms including preferred payment methods, and payment schedules. They will be able to set rules on when they need to get paid, and what method they need to get paid so that they can gain access to the funds quickly and easily reconcile their accounting.
Description (French)
L'entreprise a pour objectif de concevoir une plateforme SaaS (logiciel en tant que service) qui permettra aux petites entreprises de bénéficier d'un processus d'accueil léger et normalisé, et ce, pour accéder à un réseau de grandes entreprises pour lesquelles elles travaillent souvent et auprès desquelles elles doivent percevoir des paiements. Cette forme d'innovation permettra d'accéder à ces grandes entreprises avec moins d'étapes, moins d'approbations et des temps d'attente plus courts pour percevoir les paiements. La solution de l'entreprise permettra également aux propriétaires de petites entreprises de mieux contrôler leurs conditions de paiement, y compris les méthodes de paiement préférées et les calendriers de paiement. Ils pourront définir des règles concernant le moment où ils doivent être payés et le mode de paiement, afin d'avoir accès aux fonds rapidement et de concilier facilement leur comptabilité.
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
Davenport
Federal Riding (French)
Davenport
Federal Riding Number
35018
NAICS Code
519130
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
826064529
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
2ndSite Inc.
Recipient Operating Name
FreshBooks
Recipient Postal Code
M6P 3T1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2021-2022-Q1-967733
