Canadian Government Boosts Horizon Aircraft's Hybrid eVTOL Development with $450K NSERC Grant in Multi-Organization Collaboration

Reuters

Jul 31

Canadian Government Boosts Horizon Aircraft's Hybrid eVTOL Development with $450K NSERC Grant in Multi-Organization Collaboration

New Horizon Aircraft Ltd., operating as Horizon Aircraft, has announced the receipt of a significant Natural Sciences and Engineering Research Council (NSERC) of Canada Applied Research and Development $(ARD)$ grant totaling $450,000. This funding, in collaboration with partners Fleming College and Ontario Tech University, boosts the total NSERC Federal funding to over $3.4 million and will support the development of Horizon Aircraft's hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft. This multi-year collaboration leverages the strengths of both the college and university in applied engineering and advanced manufacturing to accelerate the progress of Horizon Aircraft's innovative aerospace technologies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Horizon Aircraft Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9503507-en) on July 31, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2555088045"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2555088045\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2555088045?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-31 20:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2555088045","market":"fut","top_or_hot":-1,"title":"Canadian Government Boosts Horizon Aircraft's Hybrid eVTOL Development with $450K NSERC Grant in Multi-Organization Collaboration","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Canadian Government Boosts Horizon Aircraft's Hybrid eVTOL Development with $450K NSERC Grant in Multi-Organization Collaboration\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/HOVRW\">New Horizon Aircraft Ltd.</a>, operating as Horizon Aircraft, has announced the receipt of a significant Natural Sciences and Engineering Research Council (NSERC) of Canada <a href=\"https://laohu8.com/S/AMAT\">Applied</a> Research and Development <a href=\"https://laohu8.com/S/ARD\">$(ARD)$</a> grant totaling $450,000. 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