Core Insights - Horizon Aircraft has received a Natural Sciences and Engineering Research Council (NSERC) of Canada Applied Research and Development grant of $450,000, increasing total NSERC federal funding to over $3.4 million [1][2] - The company is developing one of the world's first hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft, with recent successful flight tests of its HOVR wing technology [2][3] - Horizon Aircraft aims to complete testing and certification of its Cavorite X7 eVTOL and scale production to meet demand from various sectors including regional operators and emergency services [3] Funding and Collaboration - The recent NSERC grant is part of a multi-year collaboration with Fleming College and Ontario Tech University, enhancing applied engineering and advanced manufacturing capabilities [1] - The funding is characterized as non-dilutive financing, which is beneficial for the company's expanding shareholder base [2] Technological Development - Horizon Aircraft's eVTOL is designed to operate like a conventional aircraft while providing superior speed, range, and operational utility [3] - The company has successfully conducted the world's first fan-in-wing transition flight, showcasing its innovative technology [2]