A growing Ottawa tech company announced Monday that its research and development efforts are getting a boost from the federal government.
ProntoForms (TSX-V:PFM), which develops mobile forms for companies to collect and analyze field data, said it has struck a deal to receive up to $750,000 from the feds’ industrial research assistance program (IRAP).
Glenn Chenier, the company’s chief product officer, said in a statement that the fresh federal funding will go towards building out its platform for the enterprise market. ProntoForms has found success in recent months targeting these enterprise customers – the company reported recurring revenues of $3.3 million in the second quarter of 2019, up 33 per cent year-over-year.
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Giving Guide 2025: Ottawa Regional Cancer Foundation
As Ottawa’s only Community Cancer Hub, we are delivering Supportive Cancer Care through dynamic collaborations with over 70 diverse community partners.
Chenier noted the IRAP funding will also allow ProntoForms to build out its R&D team over the coming years.
