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Contribution: Industrial Research Assistance Program – Youth Employment Program

Umay Care Holdings Inc.

$70,000.00

Commercialization and Product Market Fit Assessment of Umay Rest

EF 2021-22 · 2021-07-01

Résumé
Umay is looking to launch its signature product, 'Rest' in late Summer 2021. With first round of (1000) commercial units spoken for via 18 pre-ordered optometry clinics and a contract with the Government of Canada - Innovation Solutions Canada Testing Stream (ISC) (value of ~$550k). Umay's focus over the next 9 months is to expand current product market fit efforts at scale, to ensure current predictions are scalable across identified b2b channels, including speciality retail and health providers (ex. wellness spas, sleep clinics, mental health providers etc.). Commercialization efforts will also include initiating Health Canada approval and expanding business development and operational efforts to support customer success and retention.
Programme
Industrial Research Assistance Program – Youth Employment Program
Emplacement
Edmonton|Edmonton, Alberta, Canada
Type de bénéficiaire
For-profit organization
Numéro d'entreprise
846660405
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions

Tel que publié

Agreement End Date
2022-03-31
Agreement Number
975448
Agreement Start Date
2021-07-01
Agreement Title
Commercialization and Product Market Fit Assessment of Umay Rest
Agreement Title (French)
Évaluation de la commercialisation et de l'adaptation au marché des produits d'Umay Rest
Agreement Type
Contribution
Agreement Value
$70,000.00
Amendment Number
0
Coverage
IRAP Youth Employment Program projects stimulate wealth creation for Canada through technological innovation. | Les projets du Programme Emploi-jeunesse du PARI stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
Umay is looking to launch its signature product, 'Rest' in late Summer 2021. With first round of (1000) commercial units spoken for via 18 pre-ordered optometry clinics and a contract with the Government of Canada - Innovation Solutions Canada Testing Stream (ISC) (value of ~$550k). Umay's focus over the next 9 months is to expand current product market fit efforts at scale, to ensure current predictions are scalable across identified b2b channels, including speciality retail and health providers (ex. wellness spas, sleep clinics, mental health providers etc.). Commercialization efforts will also include initiating Health Canada approval and expanding business development and operational efforts to support customer success and retention.
Description (French)
Umay cherche à lancer son produit phare, « Rest », à la fin de l'été 2021. La première série de (1000) unités commerciales a été commandée par 18 cliniques d'optométrie et un contrat avec le gouvernement du Canada - Volet Mise à l'essai de Solutions innovatrices Canada (SIC) (valeur d'environ 550 000 $). L'objectif d'Umay pour les 9 prochains mois est d'étendre les efforts d'adaptation du produit au marché à l'échelle, afin de s'assurer que les prévisions actuelles sont évolutives dans les réseaux interentreprises définis, y compris les détaillants spécialisés et les prestataires de soins de santé (par ex., spas de détente, cliniques du sommeil, prestataires de soins de santé mentale, etc.). Les efforts de commercialisation comprendront également le lancement de l'approbation de Santé Canada et l'expansion du développement commercial et des efforts opérationnels pour soutenir le succès et la fidélité des clients.
Expected Results
The purpose of IRAP’s Youth Employment Program is to assist in increasing the supply of highly qualified people, promoting the benefits of advanced studies, demonstrating federal leadership by investing in the skills required to meet the needs of the knowledge economy and facilitating the transition of highly skilled young people to a rapidly changing labour market.
Expected Results (French)
Le Programme Emploi-jeunesse du PARI contribue à accroître le bassin de personnes hautement qualifiées, fait la promotion des études supérieures, démontre le leadership fédéral grâce aux investissements effectués dans l’acquisition des compétences requises pour répondre aux besoins de l’économie du savoir et facilite la transition des jeunes hautement qualifiés vers un marché du travail en évolution rapide.
Federal Riding
Edmonton Mill Woods
Federal Riding (French)
Edmonton Mill Woods
Federal Riding Number
48017
NAICS Code
621320
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Youth Employment Program
Program Name (French)
Programme d’aide à la recherche industrielle – Programme emploi jeunesse
Program Purpose
The purpose of IRAP’s Youth Employment Program is to assist in increasing the supply of highly qualified people, promoting the benefits of advanced studies, demonstrating federal leadership by investing in the skills required to meet the needs of the knowledge economy and facilitating the transition of highly skilled young people to a rapidly changing labour market.
Program Purpose (French)
Le Programme Emploi-jeunesse du PARI contribue à accroître le bassin de personnes hautement qualifiées, fait la promotion des études supérieures, démontre le leadership fédéral grâce aux investissements effectués dans l’acquisition des compétences requises pour répondre aux besoins de l’économie du savoir et facilite la transition des jeunes hautement qualifiés vers un marché du travail en évolution rapide.
Recipient Business Number
846660405
Recipient City
Edmonton|Edmonton
Recipient Country
CA
Recipient Legal Name
Umay Care Holdings Inc.
Recipient Operating Name
Umay
Recipient Postal Code
T6N 1G1
Recipient Province or Territory
AB
Recipient Type
F
Reference Number
172-2021-2022-Q2-975448