Creative Destruction Lab
The Creative Destruction Lab (CDL) is a seed-stage acceleration program founded in 2012 at the Rotman School of Management in Toronto, Canada. It is dedicated to supporting massively scalable, science- and technology-based ventures by providing a unique coaching process focused on specific objectives. CDL connects startups with experienced entrepreneurs and leading scientists across various sectors, including artificial intelligence, healthcare, quantum computing, blockchain, energy, and cleantech. The program has expanded its reach, operating in six cities: Vancouver, Calgary, Toronto, Montreal, Halifax, and New York City, and emphasizes the commercialization of scientific and technological advancements.
Non Equity Assistance in 2020
MicroTraffic specializes in analyzing traffic video to extract near-miss data, providing valuable insights for traffic engineers to enhance road safety. By utilizing artificial intelligence, the company's platform reviews intersection camera footage to identify collisions and near-miss incidents, allowing clients to make informed decisions regarding safety measures and budget prioritization. In addition to serving traffic engineers, MicroTraffic is aggregating this data to develop behavioral risk anticipation mapping products aimed at advanced driver-assistance systems (ADAS) and self-driving vehicles. The company has gained traction in five states and five provinces and is currently seeking to raise $2 million in a seed round, targeting one corporate strategic investor and one financial lead.
Non Equity Assistance in 2020
Operator of a carbon technology platform intended to reduce pollution and maintain economic growth. The company's platform automates the environmental audit using proprietary technology that is backed by blockchain to decrease costs, enabling clients to reduce carbon emissions to create valuable carbon offsets.
Trainfo is a company that has developed an online platform aimed at mitigating traffic delays and preventing collisions at railroad crossings. By utilizing sensors installed near these crossings, Trainfo's platform collects data on crossing blockages and informs motorists about potential travel delays. This service is particularly beneficial for mobility companies and fleet management, as it provides real-time and predictive information regarding train crossings. Through its innovative approach, Trainfo seeks to improve safety and efficiency for millions of travelers who are affected by railroad crossing issues daily.
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