Contribution: Industrial Research Assistance Program – Contributions to Firms
TAO SOLUTIONS INC.
$60,000.00
LeaseSpark Lender underwriting and funding acceleration
EF 2020-21 · 2020-04-27
Résumé
This project will implement three new critical features into the LeaseSpark product that are critical to support the velocity of loan underwriting in a paperless methodology, and to facilitate automated funding/securitization for users relying on external sources of funds to support their lending.
This will see the implementation of API integrations into i) providers of corporate and debtor search services for the purposes of underwriting, and ii) providers of PPSA (Personal Property Security Act) and UCC (Uniform Commercial Code) filings for the purposes of paperless, electronic collateral lien management.
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
814521027
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Tel que publié
Agreement End Date
2020-08-31
Agreement Number
948578
Agreement Start Date
2020-04-27
Agreement Title
LeaseSpark Lender underwriting and funding acceleration
Agreement Title (French)
Accélération du processus de souscription et de financement de LeaseSpark Lender
Agreement Type
Contribution
Agreement Value
$60,000.00
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
This project will implement three new critical features into the LeaseSpark product that are critical to support the velocity of loan underwriting in a paperless methodology, and to facilitate automated funding/securitization for users relying on external sources of funds to support their lending.
This will see the implementation of API integrations into i) providers of corporate and debtor search services for the purposes of underwriting, and ii) providers of PPSA (Personal Property Security Act) and UCC (Uniform Commercial Code) filings for the purposes of paperless, electronic collateral lien management.
Description (French)
Ce projet permettra de créer trois nouvelles fonctionnalités essentielles sur le produit LeaseSpark, qui sont indispensables pour soutenir la rapidité de la souscription des prêts selon une approche sans papier, et pour faciliter le financement/la sécurisation automatisés des utilisateurs qui dépendent de sources de fonds externes pour appuyer leurs prêts. Ce système prévoit l'intégration de l'API chez les fournisseurs de services de recherche de sociétés et de débiteurs aux fins de la souscription, et chez les fournisseurs de dépôts PPSA (Loi sur les sûretés relatives aux biens personnels) et UCC (Code de Commerce uniforme) aux fins de gestion électronique et sans papier de privilèges de garantie.
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
Toronto Centre
Federal Riding (French)
Toronto-Centre
Federal Riding Number
35108
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
814521027
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
TAO SOLUTIONS INC.
Recipient Postal Code
M5H 4C7
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2020-2021-Q1-948578
