NRC invests in start-up Canadian AM firms
Research agency doles out nearly half million to foster AM research and business development.0
The National Research Council (NRC) announced that it has invested a total of $435,041 in three start-up companies as part of its 3D Printing and Additive Manufacturing Challenge, a program design to help the agency address its R&D needs and contribute to additive manufacturing research and industry in Canada.
“Today’s announcement supports the broader efforts of our government to support the scale-up and growth of Canada’s entrepreneurs and create middle-class jobs,” said NRC president, Iain Stewart. ‟We are proud to issue challenges to benefit the program, as well as provide the services of NRC IRAP to the evaluation team.”
The three contracts include $150,000 to metal AM training and mechanical testing company, B3D Performance Inc. of Montreal; $135,041 to large-scale metal AM service bureau Les Industries Sautech Inc. of Boisbriand; and $150,000 to Vancouver-based innovation consultancy firm, Envisioning Labs Inc.
Over the next 6 months, these companies will develop a proof of concept for their solution. If successful, they could be accepted into the next phase of the program and receive up to $1 million to develop a working prototype.
The NRC’s 3D Printing and Additive Manufacturing Challenge is part of the governments umbrella Innovative Solutions Canada (ISC) challenge program, in which 20 participating departments and agencies will invest more than $100 million annually over the course of five years.