Contribution: Industrial Research Assistance Program – Contributions to Firms
Kore GeoSystems Inc.
$499,000.00
Development of additional features for mineral identification AI
EF 2022-23 · 2022-12-01
Résumé
Further develop a scalable industry-leading AI accelerated core logging system to improve the pace and consistency of core drill core logging, which represents one of the largest bottlenecks in the mining life cycle with no signs of improving. This project will address major challenges in the industry by improving productivity and consistency of core logging through Machine Learning (ML), a subdomain of Artificial Intelligence (AI).
IRAP funding will allow KORE to accelerate development and ultimately commercialize new products faster. The proposed solution(s) are a direct result of market research and voice of customer studies and are specifically designed to solve customer identified needs and challenges.
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
821402963
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Tel que publié
Agreement End Date
2023-11-30
Agreement Number
1001742
Agreement Start Date
2022-12-01
Agreement Title
Development of additional features for mineral identification AI
Agreement Title (French)
Développement de fonctionnalités supplémentaires pour l’identification des minéraux par l’IA
Agreement Type
Contribution
Agreement Value
$499,000.00
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
Further develop a scalable industry-leading AI accelerated core logging system to improve the pace and consistency of core drill core logging, which represents one of the largest bottlenecks in the mining life cycle with no signs of improving. This project will address major challenges in the industry by improving productivity and consistency of core logging through Machine Learning (ML), a subdomain of Artificial Intelligence (AI).
IRAP funding will allow KORE to accelerate development and ultimately commercialize new products faster. The proposed solution(s) are a direct result of market research and voice of customer studies and are specifically designed to solve customer identified needs and challenges.
Description (French)
Poursuivre le développement d’un système évolutif d’enregistrement des carottes accéléré par l’IA, à la pointe de l’industrie, afin d’améliorer le rythme et la cohérence de l’enregistrement des carottes de forage, qui représente l’un des plus grands goulets d’étranglement du cycle de vie minier, sans aucun signe d’amélioration. Ce projet permettra de relever les principaux défis de l’industrie en améliorant la productivité et la cohérence du carottage grâce à l’apprentissage automatique (AA), un sous-domaine de l’intelligence artificielle (AI). Le financement du PARI permettra à KORE d’accélérer le développement et, en fin de compte, de commercialiser plus rapidement de nouveaux produits. La ou les solutions proposées sont le résultat direct d’études de marché et de la voix du client et sont spécifiquement conçues pour répondre aux besoins et aux défis identifiés par le client.
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
Spadina--Fort York
Federal Riding (French)
Spadina--Fort York
Federal Riding Number
35101
NAICS Code
54199
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
821402963
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
Kore GeoSystems Inc.
Recipient Postal Code
M5V 2L1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2022-2023-Q4-1001742
