Ross Video Wins Largest Ever Canadian National Innovation Funding
Ross Video is delighted to announce that the company has been awarded project funding of up to CA$5 million by the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) in recognition of Ross Video’s focus on innovation and to help provide a catalyst for further growth. This grant has been made possible thanks to the Canadian Government’s 2018 budget decision to fund NRC IRAP to the tune of $700 million over a five-year period, and this support has in turn enabled NRC IRAP to increase its maximum funding threshold from $1 million to $10 million. The award to Ross Video is both the largest contribution agreement in IRAP’s history to date and the first in NRC IRAP’s $3 to $5 million funding envelope.
The award formally took place at 1:30 PM on August 15th 2019 during a ceremony at the Ross Video campus in Ottawa.
Ross Video’s senior executives, and research and development staff, will assemble with distinguished guests from NRC, to witness David Ross, Ross Video CEO, receive the grant from Mr. Iain Stewart, President of NRC IRAP, and Grégory Fruchet, Industrial Technology Advisor, NRC IRAP. Commenting on the funding, David Ross is quick to praise the Canadian Government’s support of technology companies and innovators. “Canada has a proud history of technological innovation and the Canadian government has helped domestic companies expand on to the global stage with progressive initiatives such as NRC IRAP.
We’re very pleased to receive this funding which will bolster our research and development function, create jobs and allow us to engineer the next generation of technologies for the global broadcast and live production markets. Its effects will be felt well beyond Canadian shores.”
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