Hamilton, Ontario, March 13, 2017 — QReserve Inc. announces that it has been awarded a non-refundable financial contribution of up to $50,000 from the National Research Council of Canada’s Industrial Research Assistance Program (NRC-IRAP).
With this award, IRAP’s total contribution to QReserve’s research and development program is $70,000 since 2015. This new funding will be used to boost the research, development, and expansion of QReserve’s resource management and promotion platform. With these resources, QReserve is better positioned to support the cutting-edge requirements of Canadian and international research organizations. This will give QReserve a clear competitive advantage in both national and global markets.
“QReserve is riding a tremendous wave of growth right now. It’s very exciting. This contribution from IRAP will allow us to respond to several market demands that will have immediate and significant growth opportunities for QReserve both within Canada and abroad. This award has already resulted in the creation of at least one new full-time position and more to come in the near future”, says QReserve’s Chief Strategy Officer, Graeme Brown.
QReserve’s resource management and promotion platform is currently focused at scientific research facilities and has experienced an astonishing 1,800% growth rate in the past year. This IRAP contribution will be leveraged to implement new features that have been highly requested by the research community and that are key requirements for enterprise wide implementations.
QReserve’s platform is already positioned to provide unprecedented insight into resource utilization and capacity within research organizations. Using QReserve’s cloud based software platform, organizations gain access to quantitative reports that can be used to justify funding and investment opportunities to researchers and administrators. This contribution will expand these capabilities and ensure QReserve becomes a dominate platform in research facilities world-wide.
The National Research Council-Industrial Research Assistance Program (NRC-IRAP) is Canada’s premier innovation assistance program for small and medium- sized enterprises (SMEs). It is a vital component of the NRC, a cornerstone in Canada’s innovation system, and regarded world-wide as one of the best programs of its kind. Further information can be found at http://www.nrc-cnrc.gc.ca/eng/irap/index.html.
About QReserve Inc.
QReserve Inc., was founded in 2014 and offers state-of-the-art resource management tools that streamline resource access, improve utilization, decrease excess capacity, and report on critical capacity measurements that lead to revenue generation, investment justification, and capability promotion. QReserve aims to improve the visibility and transparency of public and private sector organizations by aligning resource owners with resource users. QReserve is located at the McMaster Innovation Park in Hamilton, Ontario.