The Velocity Fund is a grant program for startups that offers $390,000 in equity-free funding each year to local startups through its Velocity Fund $25K and Velocity Fund $5K programs at the University of Waterloo. The Velocity Garage incubator is home base to 75+ early-stage startups building technology-based businesses in the heart of Waterloo Region. Velocity Start is workspace on-campus at the University of Waterloo for people who want to learn about entrepreneurship and collaborate with like-minded people. Resources include lounge and workspace, booking space, weekly workshops, and startup coaching. Velocity Science is a partnership between Velocity and the University of Waterloo Faculty of Science, providing students interested in building a science startup with the right tools and resources to initiate and develop world-class science companies. The Velocity Residence provides aspiring entrepreneurs living in Waterloo Residences with the opportunity to collaborate and work on projects they are passionate about.
Able Innovations is developing fully automated patient transfer technology to reduce labour and injury costs and improve efficiency, dignity, and quality of life for clients and caregivers alike. Our autonomous and intelligent transfer devices will be able to lift and transfer humans in a safe, efficient, and dignified manner, with zero physical effort required from caregivers. By performing safe and effortless automated transfers, our technology will help to reduce the $30 billion annual financial burden to healthcare facilities that result from the high injury rates and labour expenditure resulting from the inefficient, unsafe, and outdated patient transfer devices in use today. Our first product, the DELTA Platform, will leverage our unique transfer method to perform automated lateral transfers in hospitals and other healthcare facilities, allowing these facilities to save millions on injury costs and optimize their labour resources to achieve the greatest clinical and social outcomes for their clients. Using this same core transfer technology, we plan to develop intelligent and robust mobility devices for long-term care and homecare use, which will enable individuals with impaired mobility to live their lives with a hereto unprecedented level of dignity and independence.
Faire Wholesale, Inc. develops and operates an online marketplace which connects independent retailers with manufacturers of the products. It offers Indigo Fair, a wholesale marketplace that enables retailers to browse items from various makers, place wholesale orders, and track shipments online. Faire Wholesale, Inc. was founded in 2016 and is based in San Francisco, California with an additional office in Kitchener, Canada.
We all know how technology has disrupted the world, especially over the past couple of decades. As a result, preparing students with the right skills and tools required by the labour market is harder than ever. We partner with colleges and universities to help them and their students understand how the labour market is evolving, what employers expect of graduates, and guide students to equip themselves for the occupations they want.
Hyivy Health creates an intelligent and holistic pelvic rehabilitation device for the 1 in 3 women worldwide who will experience a pelvic health complication in their lifetime. Our device provides the first quantifiable data set on the pelvic floor and 3 different therapies from multiple sensors and mechanical functions to help keep track of progress, adapt treatment plans and provide more effective, comfortable rehab experiences.
Hyivy Health creates an intelligent and holistic pelvic rehabilitation device for the 1 in 3 women worldwide who will experience a pelvic health complication in their lifetime. Our device provides the first quantifiable data set on the pelvic floor and 3 different therapies from multiple sensors and mechanical functions to help keep track of progress, adapt treatment plans and provide more effective, comfortable rehab experiences.
Agrisea is an ocean agriculture company building the technology of today to bring peace tomorrow. The company solution genetically fortifies their crops so that they may grow in the oceans, similar to hydroponics. They create a cellular cycle of original and independent genes to promote a system that works together, rather than alone, distributing the pressure of saltwater over a more capable group of genes. Agri design mimics nature and recreates these natural effects using the genetic material already found in their land crops. Their farms are designed with spatial optimization and a hydroponic basis in mind, wave motion is mitigated and the plant roots are positioned to absorb the necessary nutrients directly from the surrounding saltwater.
Bakedin, a Basingstoke-based baking subscription service, provides premium home baking products featuring exclusive recipes by Michel Roux. The home baking kits are unique: they feature exclusive recipes by Michel Roux, one of the world's finest ever pastry chefs. They include all the dry ingredients bagged separately pre-cut baking paper and even the tin to bake in giving authentic baking from scratch experience. Their baking kits are extremely popular as gifts and for baking with children as an activity that teaches them real cooking skills with a little less hassle and no waste. Their mug baking mixes use the same top-quality ingredients as their baking kits but enable to bake a brownie, cookie, or cake in a mug in the microwave in less than 2 minutes. They sell them in individual pots as well as in multipacks. These have quickly become their best selling products and have a very broad appeal. Bakedin was founded in 2013 by 3 friends - Joe, Anna, and Elaina - and is based in North Hampshire.
Able Innovations is developing fully automated patient transfer technology to reduce labour and injury costs and improve efficiency, dignity, and quality of life for clients and caregivers alike. Our autonomous and intelligent transfer devices will be able to lift and transfer humans in a safe, efficient, and dignified manner, with zero physical effort required from caregivers. By performing safe and effortless automated transfers, our technology will help to reduce the $30 billion annual financial burden to healthcare facilities that result from the high injury rates and labour expenditure resulting from the inefficient, unsafe, and outdated patient transfer devices in use today. Our first product, the DELTA Platform, will leverage our unique transfer method to perform automated lateral transfers in hospitals and other healthcare facilities, allowing these facilities to save millions on injury costs and optimize their labour resources to achieve the greatest clinical and social outcomes for their clients. Using this same core transfer technology, we plan to develop intelligent and robust mobility devices for long-term care and homecare use, which will enable individuals with impaired mobility to live their lives with a hereto unprecedented level of dignity and independence.
MedMe Health is a patient care platform that assists pharmacists in scheduling, conducting, and tracking clinical services both virtually and on-site. The platform employs proprietary algorithms to streamline various medical services, including online scheduling, digital diagnosis, documentation filing, and automated follow-up appointments. By facilitating these processes, MedMe Health enables pharmacies to enhance their workflows, strengthen patient relationships, and diversify revenue opportunities within clinical services.
BeBlended is an online marketplace that connects black women with freelance hairstylists and tailored hair products. BeBlended’s SaaS platform provides scheduling and appointment management for hairstylists while facilitating hair product delivery.
Developer of a healthcare cost prediction and optimization software designed to connect patients to expert healthcare advisors. The company's platform provides personalized guidance to resolve the problems of patients by connecting virtually, helps patients negotiate medical bills, identify options for financial support, and allows patients to assess different options for care based on costs, enabling financial advisors to plan for their patient's treatment to connect with an expert to listen to their problems.
LSK Technologies Inc. specializes in developing innovative diagnostic solutions, including PLUM, an analyzer designed for testing infectious diseases such as COVID-19. This technology detects viral RNA, proteins, and immune responses, and is capable of analyzing commercial assays in microplate and gel formats. Additionally, PLUM is utilized for environmental monitoring tests, catering to the needs of medical professionals and scientists. Founded in 2020 and headquartered in Toronto, Canada, the company is also exploring advancements in computer vision to create compact disease testing hardware, which is envisioned as a "lab in a box" suitable for use in medical offices or workplaces. Currently, LSK Technologies is conducting field trials for the Zika Virus in Latin America and has reported significant pre-orders for their products.
We are creating the world's first pilot-less airline, and we believe everyone should have the freedom to improve their own lives. Giving everyone access to good transportation is how we make that dream a reality.
Bridgit Inc., founded in 2014 by civil engineer Lauren Lake and entrepreneur Mallorie Brodie, specializes in construction project management solutions. Headquartered in Kitchener, Canada, the company offers two primary products: Bridgit Bench and Bridgit Field. Bridgit Bench is a construction resource planning and workforce management tool designed to streamline the management of construction resources, eliminating the need for cumbersome spreadsheets. Bridgit Field focuses on enhancing communication, accountability, and visibility on construction sites, making project management more efficient and straightforward. By leveraging modern technology, Bridgit aims to simplify the complexities of construction projects, helping contractors and developers complete their work more effectively and on time.
Maple Precision supplies affordable GNSS positioning solutions. Their aim is to provide farmers with data that will increase confidence when it comes to making big decisions on the field. They have redefined what is possible for farmers, surveyors, explorers, and artists by providing a low-cost solution. It was founded in 2017 and is headquartered in Waterloo, Ontario.
Audesse is a company that provides IoT electronic units that can be installed in public transit vehicles for all device management systems which are not limited to reducing costs, operational costs and other maintenance issues. They offer complimentary product services with high quality in delivering objects with advanced activity technologies. They collaborate with consumers and heavy industries for stock deliveries ensuring high quality.
Emergency Response Africa (ERA) is a health technology company focused on transforming emergency medical care in Africa. Founded in 2018 and headquartered in Lagos, Nigeria, with a presence in Kitchener, Canada, ERA provides emergency medical services to individuals, families, businesses, and communities. The company utilizes an advanced technology platform that employs intelligent dispatch and communication systems to ensure timely and effective responses to medical emergencies. By connecting patients with a vast network of first responders, emergency vehicles, and hospitals, ERA facilitates immediate care and efficient transfer to appropriate medical facilities. This innovative approach aims to enhance the management of medical emergencies across the continent.
Circle Chek is a company providing app-based applications to track all the vehicle-related inspections on the go. Its ease of using the app enables its users to use it as a top priority for all vehicle trackings. It offers services at affordable prices providing quality experience and services for all its customers.
Glove Systems develops manufacturing software tools to the fabrication and construction industries. The company also provides consultation, procure hardware, installation, and training services. It serves petrochemical, shipbuilding, oil and gas, and nuclear industries. The company is based in Beaumont, Texas with an additional office in Kitchener, Canada.
SiteVue Inc. provides a real-time site management platform that allows project managers to monitor construction progress by storing the data securely in the cloud and make it accessible to the entire project staff. Its platform provides services, such as automated photo mapping, deficiency tracking, and custom report generation. The company was founded in 2016 and is based in Kitchener, Canada.
The startup provides travelers with the means to connect with a local resident, who will provide accommodations, experiences, and services. The investment fund is going towards the company’s customer acquisition strategy.
Aurelius' core technology combines artificial intelligence, sensor fusion, and state-of-the-art wearable systems to introduce a new set of capabilities to leaders operating at the front lines of high-risk, mission-critical environments. We focus on applying our technology to defense, first responders, and protecting critical infrastructure. Our first product, Sentio, is a discrete vital monitoring system that provides leaders and operators in mission-critical scenarios with unprecedented amounts of real-time information regarding operator health status and large-scale operational readiness. We are focused on applying this technology to warfighters operating at the front lines of the battlefield, first responders risking their lives to keep us safe, and security teams protecting critical infrastructure.
Pulse Home
Grant in 2019
Pulse Home is a panelized construction technology addressing the housing crisis on reserves.
TagBull is a dataset labeling platform that provides training data by utilizing crowd consensus and HCI research. It combines experience in machine learning, computer vision, game development, and scalable software systems at companies like Google, Apple, Facebook, Snap, and Microsoft to assure that datasets are in capable hands.
Signal is a marketplace that focuses on providing cryptocurrency investment advice. It serves as a platform for users to access insights and guidance related to cryptocurrency investments, aiming to enhance informed decision-making among investors. The company is part of a growing trend that leverages technology to facilitate access to financial information and resources, particularly in the rapidly evolving field of digital currencies. Through its offerings, Signal seeks to connect individuals interested in cryptocurrency with valuable knowledge and expertise to navigate the complexities of the market.
Pitstop is a cloud-based Prognostic Maintenance Platform that enables enterprises to leverage the wealth of information available from their vehicle fleets. Their data engine integrates Connected Vehicles, Dealerships, Fleet Manager, Tier 1 Suppliers, OEMs, Insurance Companies and the Aftermarket Supply Chain.
Hellamaid has built the first managed cleaning service marketplace to connect homeowners with on-demand cleaning services. With an online web and mobile software, Hellamaid is forging an exponential growth to disrupt the cleaning service industry. Hellamaid offers a flexible working opportunity to cleaners, giving them the ability to make their own schedule and be their own bosses. Hellamaid started as a local business in 2017. Since then Hellamaid has built a reputable business brand and is currently ranked as the top-rated cleaning company serving the cities of Guelph and Kitchener-Waterloo, ON. Hellamaid was first to provide online booking in the region, and one of the very few that values customer service and worker happiness. We provide a wide variety of cleaning services to match your cleaning needs. Our cleaners are professional, friendly, background-checked, insured, and bonded.
Blue Lion Labs is based out of Waterloo, Ontario, Canada, and is made up of a dedicated team of experienced experts in Artificial Intelligence and Water Quality. Jason Deglint (left) is the driving force of the team, with extensive industrial experience at some of the top companies in the world. Dr. Alexander Wong (middle) is a Canada Research Chair at the University of Waterloo who has won numerous research awards and is considered a leading expert in Artificial Intelligence. Dr. Chao Jin (right) is a Research Professor at the University of Waterloo who is an expert in water technologies.
Wolf and Grizzly designs, manufactures, and sells outdoor products for customers in the United States and Canada. It offers grill kits. The company sells its products online. The company was founded in 2017 and is based in Kitchener, Canada.
Evercloak Inc., founded in 2018 and based in Waterloo, Canada, specializes in the production of ultra-thin graphene and other two-dimensional nanomaterial films. The company employs an economical and energy-efficient manufacturing process to create continuous coatings of single-layer nanomaterials. By utilizing an advanced manufacturing platform, Evercloak produces ultra-thin nanomaterial membranes that support clean technology applications. These innovations aim to lower costs, reduce energy consumption, and decrease greenhouse gas emissions across various sectors, including oil and gas, nuclear energy, mining, and agri-food.
Pulse Industrial is a California-based company specializing in the development of advanced monitoring technologies for industrial applications. The company focuses on creating sensors that provide a comprehensive overview of valves and steam traps in industrial plants, enabling predictive maintenance and failure alerts. Its flagship product is an artificial intelligence-powered steam trap monitoring device that utilizes vibration and acoustic analysis to detect steam leaks. By employing low power wide area communication, the device efficiently alerts maintenance personnel to potential issues, thereby enhancing safety and reducing fuel consumption in industrial settings. Through these innovations, Pulse Industrial aims to improve operational efficiency and reliability in steam generation processes.
Intelline Inc. is a Canadian company that specializes in the manufacturing of innovative diesel generators designed to enhance efficiency and sustainability in power production. Established in 2017 and based in Kitchener, it offers a range of products, including the Modular Linear Generator (MLG), which directly converts combustion energy into electricity, and the Reconfigurable Linear Electric Motor (RLEM), utilized in the production of linear motors. Intelline's generators boast a 40 percent improvement in fuel efficiency compared to conventional diesel engines, leading to significant cost savings, particularly for industries such as mining. Additionally, the company is focused on facilitating the transition to sustainable fuels, allowing customers to utilize various fuel types, including natural gas, biofuels, synthetic fuels, and hydrogen. This versatility helps mitigate the impact of fuel price fluctuations while promoting a more eco-friendly approach to energy generation.
Oleotech
Grant in 2018
Oleotech is using oleophilic properties of fiber from waste tires to remove hydrocarbons in stormwater runoff.
FEM in STEM is all about providing high school girls with the fundamentals for self-growth and career development- specifically in STEM fields. they are a female empowerment movement focused on making opportunities accessible across Ontario. With the continuous shift forward in bridging the gender gap in STEM, this platform acts as a catalyst to take it one step further.
Brink Bionics Inc. is a Canadian company based in Waterloo, founded in 2018, that specializes in the development of advanced bionic technologies. The company's flagship product, the Axo Hand, is a myo-electric prosthesis designed for adults with below-elbow limb differences, offering six degrees of freedom for enhanced functionality. In addition to its focus on prosthetics, Brink Bionics integrates machine learning and brain-computer interfaces to create innovative solutions for the gaming industry, including a product called Impulse that enhances interaction with gaming mice. Through its cutting-edge technology, Brink Bionics aims to improve the quality of life for individuals with limb differences while also advancing the gaming experience.
OpenPhone is a business communication platform that offers a smart phone application designed to provide users with a reliable business phone number without the need for an additional phone or SIM card. Founded in 2018 and based in San Francisco, the platform facilitates seamless communication by differentiating between business and personal contacts. It utilizes Voice over Internet Protocol (VoIP) technology, allowing users to make calls and send texts over the internet. OpenPhone offers features such as unlimited messaging and calling, call routing, auto-recording of calls, and automated responses to texts and missed calls. The application is available for both mobile and desktop, catering to startups, small businesses, and professionals looking to enhance their communication efficiency.
GoParkr helps drivers connect with parking spaces effortlessly with real-time pricing and spaces availability. Find, reserve, and compare parking spaces at events, downtown, condominiums, hotels, commercial parking garages, airports, or subway stations, hospitals, or universities around the city. Our goal is to improve mobility for everyone through a fully digitized parking process streamlined for drivers, owners, and operators. In the wake of continuing urbanization and congestion, GoParkr recognizes that this as a problem for future growth. We would like to better improve our solution as traffic and parking become increasingly difficult to manage. With technologies such as autonomous vehicles becoming more prominent in our everyday lives, it is inevitable that the entire parking industry is on the brink of a disruption. The GoParkr mobile application securely connects drivers to private and commercial parking spaces. GoParkr focuses on optimizing parking space and connecting the dots in the entire parking process. Parking should be a harmony involving in-car mobile platform for the drivers and big data analytics for the parking spaces, creating seemingly frictionless parking. GoParkr.com We Deliver.
HITCH is a locally-relevant platform for African schools that catalyzes potential by intelligently curating the best educational videos, automatically aligning them with local curricula and textbooks, and storing them on battery-powered video hotspots for convenient student and teacher access offline, via WiFi or local networks.
HITCH goes beyond traditional educational resources, technology literacy barriers, and local power and internet infrastructure, to find and deliver world-class educational resources for the vanguard of Africa's knowledge revolution.
At Nebula Labs, they are developing a system to provide accessible clean water through fog harvesting. They are doing this by using advanced nano materials which are engineered to harvest fog and filter water for safe use.
OcuBlink Inc. develops and offers in vitro eye models to test vision and ophthalmic products. It provides various eye models for ophthalmic product testing that ranges from determining tear deposition on contact lenses and wear-and-tear of devices on the eye to complex studies, such as measuring tear-break up time and pharmacokinetic drug profiles. The company serves research centers, pharmaceutical companies, and ophthalmic companies. OcuBlink Inc. was founded in 2014 and is based in Waterloo, Canada.
NanoQuan Inc. is a Kitchener, Canada-based company specializing in the development of nano-composite materials and processing technologies applicable to various sectors, including electronics, automotive, and aerospace. As a spin-off from the University of Waterloo, NanoQuan leverages a leadership team with extensive experience in nanomaterial innovation, particularly in water and air filtration, as well as porous membrane and separation technologies. The company's unique dispersion-mixing technology integrates nano-fillers into diverse host materials, resulting in products with exceptional electrical, mechanical, optical, and thermal properties. NanoQuan's achievements in innovation and commercialization are supported by a robust portfolio of intellectual property, with seven patents and numerous peer-reviewed publications. The company has attracted interest from prominent industry partners, reflecting its significant impact in the field of advanced materials.
Zergo, operating under the name SannTek Labs Inc., is a Canadian company founded in 2018 and headquartered in Kitchener. The company specializes in manufacturing cannabis breathalyzers, which utilize nanotechnology-based sensors designed to accurately measure marijuana intoxication levels. By focusing on innovative technology, SannTek aims to provide reliable tools for assessing cannabis impairment, contributing to safety and regulatory compliance in environments where cannabis use is prevalent.
Fuzzbuzz is a security platform that protects various software from digital hacks or attacks. It integrates fuzzing into DevOps workflow by automating away complex infrastructure management and setup and connecting with tools. The platform gives alerts when bugs are found, deduplicates, and categorizes them to cut out the noise and false positives, and allows them to easily analyze them via the web UI.
Fuzzbuzz was founded in 2018 and is headquartered in Redwood City, California.
Intelline Inc. is a Canadian company that specializes in the manufacturing of innovative diesel generators designed to enhance efficiency and sustainability in power production. Established in 2017 and based in Kitchener, it offers a range of products, including the Modular Linear Generator (MLG), which directly converts combustion energy into electricity, and the Reconfigurable Linear Electric Motor (RLEM), utilized in the production of linear motors. Intelline's generators boast a 40 percent improvement in fuel efficiency compared to conventional diesel engines, leading to significant cost savings, particularly for industries such as mining. Additionally, the company is focused on facilitating the transition to sustainable fuels, allowing customers to utilize various fuel types, including natural gas, biofuels, synthetic fuels, and hydrogen. This versatility helps mitigate the impact of fuel price fluctuations while promoting a more eco-friendly approach to energy generation.
OSIMple automates data entry for inspectors by replacing stacks of paper with tablets and by generating completed inspection forms. This saves inspectors almost half of their inspection time. Founder Amanda Chan and Michael Miller came across the idea while talking to friends and professors in the civil engineering department at their university. They started building better software for bridge inspectors who were using very manual processes, and it’s been used on over 400 bridges so far. They’ve recently expanded to service home inspectors as well. Robust, easy to use software and committed team of self-starters providing fast and reliable customer service. We are chalk full of Software Engineering expertise and ready to automate routine inspection tasks to let you focus on meaningful work.
Sci-Bots Inc. manufactures electronic equipment for lab data transformation. Its products include Dropbot, which uses digital microfluidics to transform lab experiments into software instructions that can be optimized, shared to the cloud and electronic chips. Sci-Bots Inc. was founded in 2016 and is based in Kitchener, Canada.
Drop lab is a company that helps integrating micro fluids into various projects that prevent time-consuming from providing various quality services for all its customers. They leverage various prototype technologies to develop hardware that improves user interface much friendlier. It develops varied interfaces that fit perfectly according to the type of project being outlined.
Borealis Wind develops a blade heating retrofit for wind turbines that prevents loss of power and revenue for the wind farm. The blade heating retrofit helps de-ice the blades in winter. The company was founded in 2016 and is headquartered in Kitchener, Ontario, Canada.
Alchemy Insights, Inc. is a blockchain intelligence and infrastructure platform that serves hedge funds and financial institutions. Founded in 2013 and based in San Francisco, it offers a comprehensive suite of tools for analyzing blockchain data, including on-chain data, market trends, and community activity. The platform employs advanced machine learning techniques to help users identify entities, individuals, and currency flows on the blockchain, thereby aiding in sales, security, and strategic decision-making. Alchemy's emphasis on providing developers with essential tools allows for the creation of scalable and reliable decentralized applications without the complexities of managing blockchain infrastructure. The company is backed by notable organizations and individuals, reflecting its prominent position in the blockchain space.
Zergo, operating under the name SannTek Labs Inc., is a Canadian company founded in 2018 and headquartered in Kitchener. The company specializes in manufacturing cannabis breathalyzers, which utilize nanotechnology-based sensors designed to accurately measure marijuana intoxication levels. By focusing on innovative technology, SannTek aims to provide reliable tools for assessing cannabis impairment, contributing to safety and regulatory compliance in environments where cannabis use is prevalent.
Pulse Industrial is a California-based company specializing in the development of advanced monitoring technologies for industrial applications. The company focuses on creating sensors that provide a comprehensive overview of valves and steam traps in industrial plants, enabling predictive maintenance and failure alerts. Its flagship product is an artificial intelligence-powered steam trap monitoring device that utilizes vibration and acoustic analysis to detect steam leaks. By employing low power wide area communication, the device efficiently alerts maintenance personnel to potential issues, thereby enhancing safety and reducing fuel consumption in industrial settings. Through these innovations, Pulse Industrial aims to improve operational efficiency and reliability in steam generation processes.
ShiftRide, Inc. designs and develops a mobile application which allows users to find near by available cars for hire. It allows users to list their cars for hire, which other users can book as per their requirement. The application is available on the iOS ecosystem. The company was founded in 2016 and is based in Kitchener, Canada.
Business Summary: In the multi-billion dollar waste disposal & cleaning industry, their focus is the production & distribution of absorbents & cleaning products that work exceedingly better than the competition. Their 1st brand is GreenSorb, which absorbs all fuels, all oils, paints, solvents, bodily fluids, food products, and numerous others. The market is huge and the competition beyond the market leading brand is fragmented. GreenSorb is sold through large distributors that sell to thousands of dealers across the US market. They plan expand their product line to include “best-of-breed” environmentally oriented cleaning products in 2014. Customer Problem: Safe disposal of waste is a growing expense. The U.S. EPA is increasing its inspections of businesses and levying fines for improper waste disposal. The market leading product has been used for decades, but it’s an old solution. There is no "front-running" Green product/brand in the market today. Target Market: Aerospace, Environmental Services, Chemical, Industrial, Oil & Gas, Janitorial-Sanitation (Jan-San), Home-Recreation, Automotive – Commercial Fleet, Office Facilities, and Government (DOD), HAZMAT, Municipalities. Sales & Marketing Strategy: Focused effort in specific, high-return target markets. Recruit large distributors, dealer networks, large customers, & REP groups in multiple industries and allow those companies to sell to their customers. Business Model: Build a large customer base of repeat users by market segment that purchase through industry-known distribution-dealer channels. Their gross margins range from 30-60% based on . Use of Funds: Their concept is proven and they have sales - now they need to increase their customer base to maximize revenues. They plan to increase sales, marketing & advertising expense in targeted markets.
NanoCnet Ltd. is a Waterloo-based startup company established in 2016 to manufacture silver nanostructure ink and transparent conductive film. NanoCnet introduces a new generation of nanomaterials for flexible transparent electrodes. Highly transparent electrodes with high electrical conductivity and thermal stability can be fabricated using NanoCnet’s silver based ink. Compared to typical silver nanowire, synthesis process of NanoCnet’s nanomaterial is faster and happens at room temperature which is essential for low-cost manufacturing. The material cost of NanoCnet’s electrodes is 30% lower than typical silver nanowires and 50% lower than ITO films. The unique properties of NanoCnet’s electrodes make them a suitable option for device applications such as touch panels, solar cells, displays, and smart windows.
Tabnex Inc. develops an artificial intelligence platform that provides integrated intelligence on candidates to decrease the costs of hiring, and improve the quality of talent pipeline. The company offers data-driven decisions, event-based automation, and enhanced time to hire. The company was founded in 2016 and is based in Kitchener, Canada.
EPOCH automates social impact programs for HR teams, empowering employees to be happier and more productive. We partner exclusively with top community organizations, personally curates relevant opportunities to employees, and handles logistics end-to-end to put together an event for the workplace. This reduces a 10+ hour process to 0 hours for HR teams. Our vision is to eliminate the hassle of event planning at the workplace for any activity and every employee.
Envoi Technologies Inc. is a Canadian company based in Waterloo, founded in 2017. It offers a mobile application and web-based technology platform designed to connect consumers and retail stores with independent contractor couriers. This innovative platform enables same-day delivery services, allowing retailers to efficiently meet consumer demand. By bypassing the traditional courier model, Envoi enhances the speed and visibility of delivery services, providing a more effective solution for retailers and improving the overall customer experience.
Emperor Platform provides financial advisors tools to access and manage clients, digitize their onboarding all from a single dashboard. Emperor Investments is an entirely digitalized platform for wealth managers to track all their investments on the go. It helps all its customers managing their investments and portfolios online avoiding the time-consuming process. Their advanced technology merges with the human effort for the smooth processing of investments providing a quality experience.
The Altius Ergonomic Tool provides health and safety departments with a fast, easy to use and objective data driven solution (hardware + software) to identify and prevent expensive workplace musculoskeletal injuries (MSDs). We utilize proprietary computer vision algorithms to objectively capture 3D human motion without requiring any tracking markers or wearable devices. Our customers can film workers as they perform their job tasks where our software automatically analyzes the 3D motion data inputs to calculate postures, durations/repetitions and joint forces in near real time. This is used to characterize job task demands as part of a physical demands analysis and identify MSD risk factors based on industry standard ergonomic assessments.
HALo
Grant in 2017
HALo works to provide manual wheelchair users with accessible solutions to motorize their wheelchairs.
Vena Medical develops a forward viewing imaging microcatheter which allows physicians to see inside patient blood vessels. It offers a microcatheter for performing interventional procedures. The company was founded in 2016 and is based in Kitchener, Canada.
QuantWave provides faster, cheaper, and simpler pathogen detection for drinking water and food suppliers. QuantWave Technologies is dedicated to providing optimal technologies and solutions for pathogen detection in food and drinking water. QuantWave is dedicated to providing a real-time, more cost-effective, easy-to-use and more environmental-friendly solution that will reduce contamination risk, enhance quality operation, and generate cost savings for food and drinking water manufacturing industries, and ultimately better protect public health.
IPT is a biotechnology company dedicated to developing bio-friendly products based on protein molecules found in nature for commercial and home use. Founded by recent graduates from the University of Guelph and University of Waterloo, Innovative Protein Technologies is a startup biotechnology company looking to reap the benefits of nature's vast diversity of protective strategies and the molecules behind the scenes that make them work. Focusing on crop protection, our flagship technology "Frost Armour" aims to provide a food-safe and environmentally friendly solution to shielding valuable crops from the devastating effects of frost damage.
EMAGIN Clean Technologies Inc. operates an operational intelligence platform named HARVI, designed for municipal organizations managing water and wastewater treatment facilities. Founded in 2016 and based in Kitchener, Canada, the company leverages artificial intelligence to integrate data management systems, analyze historical data, and predict the impacts of operational decisions. HARVI provides real-time insights, enabling facility operators to monitor system performance and make informed decisions, ultimately supporting cost reduction, enhancing reliability, and preparing for emergencies. Since December 2019, EMAGIN has functioned as a subsidiary of Innovyze, Inc.
HelpWear Inc., founded in 2015 and based in Toronto, Canada, specializes in home heart monitoring products that integrate an emergency contact system. The company is dedicated to enhancing at-home healthcare by creating affordable and accessible solutions for patients globally. HelpWear emphasizes innovation driven by clinical needs, ensuring that its products address both patient requirements and the demands of the healthcare system. Through its focus on practical and effective healthcare solutions, HelpWear aims to improve patient outcomes and streamline health monitoring at home.
Elucid Labs is a MedTech company developing augmented intelligence imaging solution for early detection and diagnosis of skin cancer.
Its proprietary imaging technology probes the molecular makeup of the skin at different layers and produces an unique fingerprint for the mole/lesion. The company has developed a proprietary AI technology translates this fingerprint into valuable clinical informatics to assist dermatologists in making better, faster, and more well informed decisions.
With its technology, detection and diagnosis of skin cancer can be performed at much earlier stages of development which in turn reduces the cost of treatment as well as significantly reducing the unnecessary biopsies carried out every year.
Acerta Systems Analytics Inc. specializes in providing machine intelligence solutions that convert raw machine data into actionable insights. The company's primary offering, Acerta CHECK, employs a combination of statistical methods, data mining algorithms, and machine learning techniques to identify critical issues and anomalies in machine behavior. Targeting the automotive sector, Acerta's solutions cater to OEMs, parts suppliers, and vehicle testing equipment providers, enhancing vehicle health monitoring and data acquisition. Additionally, the company's algorithms are utilized in the aerospace industry for airplane health management and engine testing. By detecting anomalies and predicting equipment failures, Acerta supports manufacturers in optimizing their processes and improving product quality. Founded in 2014 and based in Waterloo, Canada, Acerta is committed to transforming quality control in the automotive industry through advanced artificial intelligence applications.