Canada, Government Supports Innovative Companies in Cambridge

The Government of Canada announced contributions totaling $340,000 in order to support 4 Cambridge-based companies in developing high-tech solutions for global markets.
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The contributions, from the National Research Council of Canada’s Industrial Research Assistance Program (NRC-IRAP), are related to the following R&D projects:
– $187,500 to Centra Industries that will support the company in developing a tool data management system to have real-time data for machining tools.
– $100,000 to eSentire that will help the company in two separate projects related to software security and network monitoring
– $30,000 to Logicap Engineering that will support the company in developing a customizable component database to be integrated into an automated tooling design system.
– $29,944 contribution to New Age Robotics & Controls that will help the company complete a marketing analysis survey and sales business strategy for the consumer goods and packaging sector.
The National Research Council of Canada’s Industrial Research Assistance Program (NRC-IRAP) was set by the Government in order to provide both technical and business-oriented advisory services and the needed financial support to innovative small and medium enterprises around the country.
Commenting on these contributions, NRC President Dr. Pierre Coulombe was reported as saying: “Investing in science and technology is critical for developing highly skilled people and improving the long-term competitiveness of Canadian firms. That’s why NRC-IRAP is helping innovative Cambridge businesses such as these grow stronger, faster and bigger”.

FinSMEs

11/09/2009

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