Waterloo (Ontario), CANADA, March 20, 2014 – World renowned for its cultivation of technology entrepreneurship, Waterloo’s Accelerator Centre today celebrated the latest two technology start-ups to graduate from its award-winning Accelerator Program.
TrustPoint Innovation Technologies, founded by world-renowned cryptographer and University of Waterloo distinguished professor emeritus, the late Dr. Scott Vanstone, and Sherry Shannon-Vanstone, specializes in secure machine-to-machine (M2M) communications. As a Certificate Authority, TrustPoint creates, manages and distributes the vital credentials that establish secure authentication between wired and wireless products and services that operate within the Internet of Things including Vehicle-to-Vehicle, Broadband Wireless and NFC tags. TrustPoint is leveraging its extensive knowledge and pedigree in Elliptic Curve Cryptography (ECC) to provide the M2M market with the most efficient form of secure authentication.
blueRover is a company in relentless pursuit of intelligence. The company, founded by long time entrepreneur and businessman Loreto Saccucci, provides a technically advanced platform that helps companies in the transportation, food, cosmetic and pharmaceuticals industries monitor, track asset data and resources around the globe and react to business critical changes in real-time.
Accelerator Centre graduates, current clients, and key stakeholders gathered to celebrate the graduation, which centered around the theme ‘learning from the community.’ The morning event also featured a presentation from Ryan Gariepy, CTO of Clearpath Robotics, a highly successful Accelerator Centre graduate. Clearpath is this year celebrating its fifth year in business and was recently featured on Discovery Channel’s Daily Planet.
“Today’s graduates are both focused on providing solutions within the M2M realm, a market estimated to exceed $86 billion by 2017,” says Tim Ellis, CEO of the Waterloo Accelerator Centre. “Once again, we are seeing a tremendous diversity of tech companies flowing through our doors addressing a wide range of business challenges and industries. We are exceptionally proud of Blue Rover and TrustPoint’s commercialization efforts – aided of course by the Accelerator Program’s team of business advisors, mentors and educational programming. Both companies are graduating on a very solid footing and are destined to be significant players within their markets and economic contributors within Waterloo Region.”
About the Accelerator Centre
The Accelerator Centre is the gold standard for accelerating the growth and commercial success of early-stage technology companies. Our proven formula, The Accelerator Program®, delivers an essential combination of mentorship, education, facilities, funding and networking to the highest potential firms. Our in-house programming provides expertise, resources and support when needed to accelerate time to market, customers, and investment.
Since 2006, The Accelerator Program has developed and nurtured over 120 early-stage technology start-ups, creating 1000+ new jobs, generating over $110 million in revenue, and attracting over $170 million in investment. Thirty-six companies have graduated from The Accelerator Program, and more than 85 percent of these companies have remained in Waterloo Region. For more information visit our website at www.acceleratorcentre.com
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For further information, please contact:
Ellyn Winters-Robinson
Communications Advisor
Accelerator Centre
Phone: 519-624-2402
Email: ewinters-robinson@acceleratorcentre.com
@ellynjane