Contribution: Industrial Research Assistance Program – Contributions to Firms
Baelio Technologies Incorporated
$19,930.00
Baelio
EF 2022-23 · 2022-06-29
Résumé
Baelio is a cross border digital payment solution. Helping its users move money abroad, it focuses on where users can get the most value when it comes to digital payments. Currently Baelio can only send money to 1 country (Nigeria). This project will lead to the
implementation of the following in order to be more competitive and take risks in the market:
• Expand its services to include the provision of a platform where the diaspora population can pay bills in their home countries such as phone bills etc. Most diaspora retain subscriptions of services for their families and for other reasons.
• Expand beneficiary countries to 5
• Create a wallet
Ministère
Programme
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (lien de confiance élevée)
Bénéficiaire
Emplacement
Lower Sackville|Lower Sackville, Nova Scotia, Canada
Type de bénéficiaire
For-profit organization
Numéro d'entreprise
760286708
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Tel que publié
Agreement End Date
2023-01-31
Agreement Number
993224
Agreement Start Date
2022-06-29
Agreement Title
Baelio
Agreement Title (French)
Baelio
Agreement Type
Contribution
Agreement Value
$19,930.00
Amendment Number
0
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
Baelio is a cross border digital payment solution. Helping its users move money abroad, it focuses on where users can get the most value when it comes to digital payments. Currently Baelio can only send money to 1 country (Nigeria). This project will lead to the
implementation of the following in order to be more competitive and take risks in the market:
• Expand its services to include the provision of a platform where the diaspora population can pay bills in their home countries such as phone bills etc. Most diaspora retain subscriptions of services for their families and for other reasons.
• Expand beneficiary countries to 5
• Create a wallet
Description (French)
Baelio est une solution de paiement numérique transfrontalier. En aidant ses utilisateurs à transférer de l'argent à l'étranger, elle se concentre sur les endroits où les utilisateurs peuvent obtenir le plus de valeur en matière de paiements numériques. Actuellement, Baelio ne peut envoyer de l'argent que vers un seul pays (le Nigeria). Ce projet mènera à la mise en œuvre des éléments suivants afin d'être plus compétitif et de prendre des risques sur le marché : –Étendre ses services pour inclure la fourniture d'une plateforme où la population de la diaspora peut payer des factures dans leur pays d'origine, comme les factures de téléphone, etc. La plupart des diasporas conservent des abonnements de services pour leurs familles et pour d'autres raisons. –Étendre les pays bénéficiaires à 5 –Créer un porte-monnaie
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
Sackville--Preston--Chezzetcook
Federal Riding (French)
Sackville--Preston--Chezzetcook
Federal Riding Number
12008
NAICS Code
511211
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
760286708
Recipient City
Lower Sackville|Lower Sackville
Recipient Country
CA
Recipient Legal Name
Baelio Technologies Incorporated
Recipient Postal Code
B4C 2M8
Recipient Province or Territory
NS
Recipient Type
F
Reference Number
172-2022-2023-Q2-993224