Big Science Out Of A Small Lab

Originally published in the Record
KITCHENER — In the lab at Rapid Novor, a molecular scientist lays bare the microscopic-building blocks of antibodies that are increasingly used in the fight against cancer, diagnostics and new medicines.

Rapid Novor, a startup that went through the Accelerator Centre in the David Johnston Research and Technology Park, is now based at 44 Gaukel St. in downtown Kitchener. Specializing in what’s called protein sequencing, the six-member team is among a small, but growing, number of biotech startups in the region.

The human body produces antibodies to fight diseases and infections. Antibodies are made of protein. And protein is made of amino-acids — the building blocks of human life.

There about 20 common types of amino acids. Rapid Novor has combined its software with the latest in laboratory equipment and, after investing a million dollars to open the lab, it can quickly determine which amino acids make up an antibody. Just as importantly, it discovers the order, or sequence, of those amino acids, which are long, chain-shaped molecules.

That information is used to make drugs, diagnose diseases and treat cancer, said Zac McDonald, a molecular scientist and biochemist at Rapid Novor.

“That’s why the interest in it is so high because there is a lot of potential for using antibodies in cancer treatment,” said McDonald.

The antibodies can direct drugs to the right targets or block certain pathways associated with cancer.

“It is a huge, multibillion market,” said McDonald, who emigrated from South Africa in April to join the startup in downtown Kitchener.

The lab where McDonald works is the first of its kind in this region, and among the few anywhere that has the equipment for what is called next-generation-protein sequencing.

Traditionally, that would take up to two months to do Rapid Novor can do in one week. It is because of the latest equipment in mass spectrometry lab coupled with the algorithm developed by one of the startup’s co-founders — Dr. Bah Ma, the president and chief scientist at Rapid Novor. Ma is also a professor at the University of Waterloo.
Gene sequencing is not new. Using a sample of saliva, there are companies that sequence the genes in your DNA to see what diseases or conditions you are likely to develop during your lifetime, or where your ancestors are from. That’s called genomics.

Protein molecules are made up of long chains of amino acids. Identifying the different parts of that chain, and the correct order of those parts, is called proteomics. Rapid Novor has the first proteomics-grade lab in this region.

It April 2015 Ma, a professor at the Cheriton School of Computer Science at the University of Waterloo, was ready to commercialize his algorithms that automated a key part of this scientific field. The sophisticated machines analyze the protein samples, identifying the amino acids and producing huge amounts of information.

In the past it would take a scientist up to two months to sort all of that information. Ma’s algorithm does that automatically and quickly. Rapid Novor can have results for clients, which include big and small pharmaceutical companies, in three weeks. For a special fee it can be done in as little as one week.

In the past year, it has completed the protein sequence for 120 antibodies.

Mingjie Xie, a co-founder and chief executive officer, said there are tens of thousands, even hundreds of thousands of pieces that make up a protein sequence. The antibody samples that arrive in the lab are in a solution and, at 200 micrograms, are invisible.

After adding enzymes, shaking, spinning and heating a sample, the antibody is broken into its different parts, and ready for analysis in a mass spectrometer machine. That information, coupled with the startup’s algorithms, puts this small lab at the cutting edge.

“This technology is fairly new,” said Xie. “To be able to use it in commercial settings, this is very new service.”

Meet Charles Chung, CEO and Founder, Brisk Synergies

Originally Published in WATCH  – a publication of the David Johnston R+T Park

WATCH: How did your startup journey begin?

CHARLES: Brisk Synergies isn’t my first startup. My first was a tough learning experience. I think it’s important to do a first startup because it primes your brain, it makes you realize a lot which is a big help. One thing I’ve found over my time as an entrepreneur is that there’s a lot of value in working with a partner. This time with Brisk Synergies I have a partner in Montreal and an office there, so I go back and forth a lot. Having a co-founder to bounce ideas off of makes it easier to make calculated decisions instead of going with your gut feeling. I think in that aspect it’s really important.

WATCH: CAQWhere did the idea for Brisk Synergies come from?

CHARLES: My co-founder is a professor at McGill. We were friends years ago and finally met up again, just a few years ago for a beer. He began telling me about his research which focuses on traffic. He’s using data analytics to reduce congestion, save lives, reduce accidents — I thought it was fascinating. Just a very exciting space to be in. He was equally fascinated by my background, which is focused on technology commercialization. That’s how we got started.

WATCH: Two skills sets that found each other?

CHARLES: Yes, and we were able to build on a pretty long friendship too. I think that helps a lot because you have to fall back on that along the journey. You bring together different perspectives and it’s nice to have more than just business to fall back on — it’s important. To some degree, being co-founders is like a marriage.

WATCH: What is life like in the R+T park for a startup?

CHARLES: My company is based out of the Accelerator Centre in the R+T Park and it’s a really good place for tapping into the startup ecosystem. Our company will grow from here. Entrepreneurship is a really lonely journey. Having connections and the peers who are growing up together is really helpful. You feel like you’re not the only crazy guy. Being part of the AC provides a lot of reassurance.

WATCH: What drew you to the Accelerator Centre to found your startup?

CHARLES: My first startup was on the West Coast. I’m from Singapore and have lived all over. I primarily chose Waterloo because of my family, my wife. However, the AC right is definitely a place to be to tap into our area’s startup ecosystem. I feel that there’s a common team among all the peers.

WATCH: Waterloo offers a lot for startups, but are there still areas for improvement?

CHARLES: From working in different ecosystems I’ve found that Waterloo Region, in general, has a lot of experience to offer. There are a lot of companies that are doing some cool shit here. However, I see an opportunity for improvement in the way that sharing happens. I would like to see us doing a better job at connecting startups with established, proven business leaders. There’s a lot of experience to be shared. I feel that it could be a better integrated where there is an ecosystem where the communication is open. I feel that as an individual company you really need to go hunt and look but the networking is not as natural. Companies need to remember where they came from.

WATCH: Brisk is focused on smart cities technology, providing intelligence to improve transportation systems. That work has presented you with the opportunity to work with other AC graduates – can you update us?

CHARLES: Yes, we are closely working with Miovision, one of the AC’s first grads. Together we are building technology to visualize cities and their transportation networks. We want to understand how traffic is moving across cities to assist with urban planning and to help cities monitor traffic pattern changes and understand where there are different issues on the road. This partnership has resulted in quite a number of deployments across numerous cities, mostly thanks to Miovision’s existing network of contacts, so we have a good level of data coming in from various cities to help us with the development of the solution. Hopefully, in the coming months, we will be able to package up the solution and launch it with beta users to obtain real feedback. So the project is on track.

WATCH: What’s next for Brisk Synergies?

CHARLES: A lot. We are busy rolling out new technologies and new solutions. We are always looking for new ways to help cities understand vulnerabilities on the road. Our message is resonating really well with the whole concept of Smart Cities. There is a lot of interest among municipalities in new infrastructures, cameras, and to being able to look at how traffic is moving and the associated risks. Cities around the world are embracing technology for this purpose. For instance, Sweden has introduced Vision Zero, a concept which focuses on reducing death on the roads and dangerous collisions. The whole industry is going through major disruption right now. Everywhere practitioners and cities are opening themselves up and looking beyond just road construction. They are realizing there’s to solving the traffic problems we face than simply fixing the road constantly. They want to figure out what information we can get from the roads. I think it’s an exciting time to be in the transportation technology space.

SSIMWAVE Focuses on Viewer Experience and Delivers a New Gold Standard in Video Monitoring and Optimization for Broadcasters

We’ve all tried to watch our favourite movie, TV series, or live event and become frustrated by the video or sound quality, the placement of ads, or the loading speed. For viewers, the experience is annoying, disappointing, and probably results in them giving up and moving on to another source of video, but, for broadcasters, studios, and video delivery services, it could mean lost revenue.

That’s where SSIMWAVE comes in. For the first time in history, the company provides the media and entertainment industry with a solution based on real-time viewer intelligence to deliver the ultimate viewer experience – from the camera to the screen. The technology starts with the most accurate and complete video quality measure ever built. By accurately modeling and measuring human viewers’ quality-of-experience (QoE), video broadcasters can take full advantage of digital efficiencies to architect encoding and stream optimization to meet or exceed consumer expectations.

SSIMWAVE’s end-to-end products are in market with leading broadcasters, production studios, and telecom companies and they are delivering real results. SSIMWAVE software allows these companies to utilize viewer intelligence data to accurately predict viewer experience and create a consistent and common reference point for video quality – something the industry has never seen before. That means companies can eliminate the trial and error process when it comes to testing infrastructure and delivery methods and can ensure a consistent viewer experience regardless of what device or platform the video is being delivered on.  The result is that viewers get the best possible experience and broadcasters can create efficiencies and make guarantees to content producers and consumers on the quality of the viewer experience for any screen anywhere.

The company, founded by University of Waterloo professor Zhou Wang and PhDs Abdul Rehman and Kai Zeng, is the result of 25 years of research and development. Impressively, the technology is built on SSIMPLUS, the next generation algorithm based on Professor Wang’s breakthrough structural similarity (SSIM) algorithm that won an Engineering Emmy Award last year for its impact to the TV industry over the last decade and which has resulted in almost 40,000 academic citations – far more than any other work in the space.

In 2013, the University of Waterloo provided the SSIMWAVE team with funding to get their project off the ground. That injection of capital helped them build the product. Once they were ready to begin selling into the market Gary Brock, Director of Strategic Initiatives, introduced the SSIMWAVE team to the Accelerator Centre (AC).

In 2015, they joined the Accelerator Program and immediately began utilizing the mentorship available to them. “Both Kevin Hood and Kevin Elop were very helpful to us, ” CEO and Co-founder Abdul Rehman recalls. “When we started, we were engineers. We had no business experience. Working with the mentors gave us the confidence to grow our business knowing that whatever challenges we ran into, someone at the AC would be there to help us put the pieces of the puzzle together. They gave us the confidence to be successful.”

In June of this year, SSIMWAVE relocated to a new office space to accommodate their rapidly growing staff, including the addition of an experienced executive team including Dianne Mercer for sales, Saj Jamal for marketing and Steve McCartney as President to oversee business development, operations and strategic growth. The AC’s flexible programming means that even though they are no longer located at the AC facility, they can continue to utilize the mentorship until they graduate from the program. “One of our biggest priorities now is building our team up to be ready to grow and scale rapidly,” Abdul says. “Now, the mentors can advise not only our founding team, but our new staff members as well to help them excel in their own roles.”

Over the next few years, SSIMWAVE is expected to continue to grow rapidly and become the international, gold standard for measuring video quality. “We look forward to seeing SSIMWAVE in the credits of every movie or TV series made,” Abdul says. “We’re actively putting the pieces in place and we are ready.”

Engineers for Hope Bring Clean Water and Sanitation Facilities to Underprivileged Communities

20 million people in Bangladesh drink from contaminated water sources and 2.5 billion people around the world do not have access to sanitation facilities. What began as a student group, comprised of six University of Waterloo students, has turned into a social innovation powerhouse that promises to bring clean water and proper sanitation facilities to those people.

In June of this year, the Accelerator Centre welcomed, Engineers for Hope (EFH) to our headquarters facility in Waterloo so they could continue combining their passion for helping others with their technical skills to improve lives around the world.

Starting with their first project in Khuskshia, Bangladesh in late 2016, EFH works to install hand pumps that deliver water to under served communities and establish infrastructure that supports proper sanitation facilities.

EFH completed its first project in Khukshia, Bangladesh between September 2016 to December 2016, where the organization installed eight hand pumps in order to give the rural village’s residents access to clean water.

CEO and Co-founder Nirbhay Singh started the organization with co-founders Rumman Rahman, Adnan Abu Atiya, Tariq Hasan, Shihab Saadeldeen, and Youssef Zaki after witnessing the impact of poverty and lack of access to clean water in India as a child. “We want work together for the betterment of these people,” Nirbhay explains. “This feeling is better than having a job,” Rumman adds. “It’s the satisfaction that you can make a difference. Now that we have a platform to do so, we want to take full advantage of it.”


While at the Accelerator Centre, EFH is accessing mentorship and expertise from the in-house mentor team as well as specialist in the not-for-profit space to help them plan and execute on future projects. “It’s been really great in terms of connecting with people, networking , and getting mentorship,” said Nirbhay. “They know what they are doing and they are experts in providing guidance.”

In addition to bringing clean water and sanitation infrastructure, EFH is focused on sustainability. “We want to make sure that whatever we do in the rural community, it’s sustainable,” said Nirbhay. “Our infrastructure is built by locals and maintained by locals.”

EFH is currently planning for their next project, also located in India. The project is estimated to begin later in 2017.

For more information on EFH visit:
http://www.engineersforhope.com/

Dibbzz Partners with Interac to Improve the Experience of Concert Goers

Imagine you are at a local concert venue, about to see your favourite artists preform. You’re excited to be there, but your seats are at the back of the venue. Not the best experience.

Before the show starts, you notice there are empty seats right in the front. You wonder if they are available and if they are, how do you make a purchase? What if there was a way to upgrade to those seats, in real time, right on your phone?

With Accelerator Centre client, Dibbzz’s, new mobile upgrade platform – you can do just that.

In 2016, Dibbzz founder Brennon D’Souza, came up with the idea to find a way to get concert goes and sports fans closer to the action. “I started with trying to use video to give fans the experience of being in the front row, but one day I thought….video is great, but what if I could really get them closer,” Brennon explains. From that pivot, Dibbzz was born.

The platform, which runs on text messages, allows venues to advertise empty seats to patrons before the show. Concert goers simply send a text message to “call dibbzz” on the open seats. Its a win-win for venues and customers alike – the venue gets extra revenue from the seats that would previously have been unsold and fans get a better experience.

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Dibbzz joined the Accelerator Centre in the fall of 2016 and quickly began to utilize the AC community to make connections within the market. “Through the AC’s CEO, Paul Salvini, we were able to connect with the Centre in the Square and partner with them to test our ideas,” Brennon recalls. “It was a great opportunity for us to get our foot in the door and get some real-world feedback on the service. That’s been incredibly valuable to us.”

Starting with Centre in the Square, Dibbzz has plans to expand into other arts venues and eventually being available to all performing arts centres, theaters, and sports venues around the world.

In May, Dibbzz participated in a collision day hosted by electronic payment giant, Interac. As a result of the day, they received a $15,000 cash prize to help them bring their platform to more venues. In addition to the capital, Interac is also providing Dibbzz with their resourses and mentorship in expertise to expand the product within the market.

The concert ticketing industry was worth 7.8B in 2016 with the sports venue market being another 75B. With up to 40% of venue seats being unsold, Dibbzz is positioned to transform the way fans experience their favourite shows and events and to help venues be more profitable along the way.

To learn more about Dibbzz, visit dibbzz.com

Celebrating Innovation in Advanced Manufacturing, Hardware and IoT

Nearly a year ago, we reached an agreement with the City of Kitchener and partnered with ArtsBuild Ontario to bring our world-class programming and mentorship model to downtown Kitchener. The resulting space, the Advanced Manufacturing and Hardware Innovation Lab, accommodates the very specific needs of hardware and IoT companies. Over the next several weeks, we are highlighting the success of the space by featuring some of the incredible clients, projects, and collaborations taking place in the facility.

Located in Downtown Kitchener’s Innovation District, the Hardware Innovation Lab gives our clients access to the heart of the Waterloo Region’s tech community and serves as an artistic and cultural space. The partnership with ArtsBuild Ontario, an organization that supports local artists by giving them access to tools and training, allows for some amazing opportunities for collaboration and collision. It also makes the facility one of the premier spaces for supporting the Creative Industries in the Region of Waterloo.

The creation of a hardware specific facility came in response to our clients and their need for support and mentorship directly related to hardware. We also needed a space that allowed these clients to safely use the equipment they need to create their products. Risking setting off the fire alarms while trying to solder circuit boards in a carpeted meeting room isn’t a good idea for anyone!

In the Summer of 2016, Alert Labs became the first resident company and were soon joined by seven additional companies: Kineris, O2 Canada, AceAge, XYZ Interactive, InkSmith, Rapid Novor, and My Smart Cocoon. Along with resident clients, we also welcomed our amazing Makerspace partner, MyShop, to provide clients with access to specialized prototyping tools. We also reached a partnership with Inertia Engineering, a firm of product design and manufacturing experts, to provide programming and expertise, along with their amazing services, to the companies in house. As well, we brought in an in-house Product Development Mentor, Don Thompson. With these companies, partners, and individuals available to our clients, Gaukel has grown into an amazing place to work and create.

At the Advanced Manufacturing and Hardware Innovation Lab, we like to take the “Miss Frizzle approach” to innovation. We take chances, make mistakes, and get messy. The offices here are busy and noisy with the sounds of prototyping tools and stage rehearsals. Simply put, it is a space of makers and builders. If you can imagine needing something that breaks the mould of a normal office, a wet lab, an assembly room, a show case for your product – we’ll do our best to make it happen.

But our first year of success is only the beginning. We created a space that was everything our companies needed, but heading into year two we know there’s even more opportunity support and accelerate “messy companies.” If you’re interested in learning more about the facility or out programming feel free to email David at dhussey@acceleratorcentre.com. We’re always looking for new and interesting hardware companies and would love to help you take your company to the next level.

eleven-x Leads the Way in Canadian Smart City Connectivity

The last few months have been busy for Accelerator Centre client, eleven -x. The network operator, who launched Canada’s first carrier-grade low power wide area network built for IoT, has started a pilot project with the Region of Waterloo which is a North American first, expanded their network across Canada, and increased their role in the LoRa Alliance™.

Founded in 2014, the eleven-x network, built on  LoRaWAN™ open standard technology, offers private businesses, manufacturers, and public institutions the ability to connect to “things” remotely and collect data from them via inexpensive, low power devices.

In 2015, they joined the Accelerator Centre in order to leverage the mentoring and resources available to startups to help their business grow. “We came to the Accelerator Centre for the mentorship opportunities. We had a lot of great ideas in the beginning, but there wasn’t necessarily a market fit. The mentors helped us through that,” explains CEO and Co-founder Ryan Hickey.

New IoT Projects

A recent development with the Region of Waterloo will result in Canada’s first Smart City Water Monitoring project utilizing the LoRaWAN network. Currently, the Region collects data on its water supply through a manual series of data collections from over 700 wells. The delays in data collection limits the ability for the Region to make decisions on it’s important water supply. The implementation of low-cost monitoring devices connected to the eleven-x network allows for real-time data and automated event-driven alerts that have the potential to save time and money and provide better quality services to residents.

Expanded Network

As a response to the increasing demand for Smart City programs nationwide, eleven-x announced this week the expansion of their network to 22 markets covering 60% of Canada’s population. “Our coast-to-coast network expansion supports Smart City programs, enabling application and low-cost device connectivity to take IoT to another level and reinforces our leadership position. The list projects we are involved in continues to grow alongside the numerous organizations across Canada looking to reduce costs, increase productivity and enhance their service offerings.” says Chairman and Co-Founder Dan Mathers.

Leading the Way 

As leaders in the Canadian IoT space, eleven-x has also expanded their role within the LoRa Alliance, a global association of some of the world’s top companies which provides open standard technology for secure, low-cost, low power IoT connectivity,. The transition to the Contributor Member level will allow the Alliance to leverage eleven-x’s expertise to further innovation in the global IoT space.

The worldwide IoT market is expected to continue growing rapidly and is estimated to be valued at more than $10B by 2023. As the market expands, eleven-x will continue to innovate and lead the way in Canadian IoT connectivity solutions.

Media Release: The Accelerator Centre Announces Cohort 6 of their AC JumpStart Program

June 15, 2017

Waterloo Ontario – The Accelerator Centre is pleased to announce Cohort 6 of the AC JumpStart program. The program provides each recipient $30,000 in seed funding and $10,000 of mentorship.

56 Studios

Brothers DePaul

Eagle Vision Systems Inc.

EMAGIN Clean Technologies Inc.

Finservices Inc

Healthy Pets

Jobbee Technologies Corp

Load Army

NanoCnet

Oko Social

Quali Robotics

RascalTech

Serenity Bioworks Inc.

Site Safety Solutions Inc. REBAR Safety

Teal Software

The Hockey Pro

Traffic Is Currency

Vena Medical

Visa Run Inc. (Trade Name: Sherpa)

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About AC JumpStart

AC JumpStart is funded by FedDev Ontario and delivered in partnership with Conestoga College, Wilfrid Laurier University and the University of Waterloo.

The AC JumpStart program began in January 2015, with three cohorts of companies participating in the program in 2015, and two cohorts annually in subsequent years. Each cohort receives funding and mentorship over a 12-month period. Over the four year term, the program will support 180 companies. 

About the Accelerator Centre

Our world-renowned, four phase accelerator program was developed based on our proven methods and best practices from accelerators and incubators around the world. The program, combined with our proven mentorship model, gives you the resources and guidance you need to grow all areas of your business, get your product to market faster, increase sales, and scale.

For more information visit www.acceleratorcentre.com. 

About FedDev Ontario

FedDev Ontario delivers programs and services to help create, retain and grow businesses, cultivate partnerships and build strong communities. The Agency’s programming is designed to support a strong southern Ontario economy and position the region to compete globally.

For more information visit www.FedDevOntario.gc.ca.

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For more information contact:
Tabatha Laverty
Community Manager
tlaverty@acceleratorcentre.com

eleven-x and Region of Waterloo Partner for Canada’s First Smart City Water Monitoring Project Utilizing LoRaWAN™ Network

WATERLOO, ON – CANADA | May 31, 2017 – eleven-x™, operator of Canada’s first and only coast-to-coast LoRaWAN™ Low Power Wide Area Network, is pleased to announce a new Smart City development project with the Region of Waterloo.
The first IoT application of its kind in Canada, the Region of Waterloo and eleven-x are teaming up to test the real-time automated data collection from the Region’s water supply production and monitoring wells. eleven-x’s next generation network enables connectivity with low cost devices that could provide the Region with real-time communication of the status of key parameters for managing the Region’s primary water supply sources.

About 75% of the water supply for the Region is derived from groundwater through a system of 132 large production wells extracting water from local sand, gravel and rock aquifers. The Region automatically captures data from a network of 585 monitoring wells to assess any impacts and provide information to manage its water supply sources. However, the data is only collected manually several times over the course of a year which results in delays in getting status information for each of the supply wells. These delays restrict the decision-making ability of the Region in terms of managing its water supply sources.

eleven-x is integrating their next generation network to connect with data logging devices to enable automated measuring and tracking of well water levels and temperature from select production and monitoring wells. Water data will be collected and communicated automatically on an hourly basis. Additionally, a newly added capability of event-driven real-time alerts based on pre-determined parameters, such as significant level fluctuations, will also be tested.

According to Eric Hodgins, Manager, Hydrogeology and Source Water at Region of Waterloo, “The value we gain in having well water data at our finger tips is tremendous for us in terms of decision-making. The technology may allow us to connect our wells directly with our water operations management system and give us the ability to advance the way we monitor and manage this crucial resource”.

“Real-time updates on our wells will give us a better understanding of what is happening with our water supply sources and could really improve this key service we provide to the residents of our Region. The opportunity to reduce our costs is a real bonus,” said Nancy Kodousek, Director, Water Services at Region of Waterloo.

Dan Mathers, Chairman and Co-Founder of eleven-x, said “IoT applications have the potential to help organizations with getting accurate and timely data while greatly improving the costs associated with capturing that data. For the Region of Waterloo, the connectivity our network enables for real-time well water data collection could have an immensely positive impact for them.”

Launched late last year, eleven-x provides a LoRaWAN™ based carrier grade network that enables low cost connectivity and data communications for IoT applications. In addition to the deployment with the Region of Waterloo, the company currently also has other pilots underway enables Smart City initiatives such as Smart Parking and Smart Street Lighting, as well as Industrial and Enterprise IoT applications such as Smart Metering, Asset Monitoring, Smart Buildings and Smart Agriculture.

About The Region of Waterloo
The Region of Waterloo provides more than 60 per cent of municipal services to a growing population of 570,000 people. We are committed to creating an inclusive, thriving and sustainable community through innovative leadership and a range of services such as public health, social services, planning, heritage, water supply, regional roads, waste management, ambulance service, rural libraries, public transit, community housing, emergency planning, Provincial Offences Courts and airport services.

About eleven-x
eleven-x is a network operator enabling the Internet of Things. Our purpose-built low power wide area network is the first of its kind in Canada, providing connectivity for a wide variety of sensors and applications. Our next generation network enables customers in the Private and Public sectors to efficiently and cost effectively manage assets, create and maintain Smart Cities, and realize environmental sustainability. Visit eleven-x.com for more information.

Microsoft and GainX Turn to Artificial Intelligence in the Cloud to Help Financial Services Companies More Effectively Manage their Innovation Strategy

LONDON — May 24, 2016 — GainX, an emerging leader in innovation strategy management and Microsoft Corp. today announced plans for a strategic partnership to help financial services organizations better manage their innovation and digital transformation strategies.

Built on Microsoft Azure, the GainX innovation strategy management platform leverages powerful artificial intelligence, machine learning and behavioral analytics allowing banks to bring all innovation resources, ideas, research, initiatives, and partnerships into view, accurately measure their innovation capacity against competitors, and establish a repeatable process for innovation. With the knowledge gained from the GainX platform, financial services companies can smoothly and repeatedly move from idea to market impact and quantifiably measure return on innovation investment (ROII).

GainX is currently member of the Microsoft Accelerator London’s Cohort 7. The later stage startup has been working with Microsoft since March 2017 to scale its business and penetrate global market. The two companies are currently engaged with several Fortune 500 financial services industry companies.

Through this partnership, GainX will make Microsoft Azure its preferred cloud platform. Azure provides GainX with a trusted, global cloud and a powerful data platform for intelligent services, including comprehensive machine learning and cognitive capabilities in Microsoft Cortana Intelligence Suite and SQL Server. Microsoft will make GainX its preferred partner for innovation strategy management. GainX and Microsoft will jointly work with leading financial services companies to help them envision and implement the integrated solutions. As a result, the companies’ mutual customers will be able to harness their data for critical innovation and digital transformation insights and predictions, to accelerate innovation strategy, eliminate roadblocks, and loosen the clay layers that impede ROII.

“Financial services leaders are frustrated by the current lack of transparency into the billions invested in innovation,” said Warwick Hill, CEO in Residence and Managing Director of Microsoft Accelerator London. “GainX, enabled by Microsoft Azure, provides financial services companies with Cloud-enabled intelligence allowing them to move to a more empirical model of ROII calculation. We are incredibly excited about the potential this company offers our enterprise financial services customers.”

“The majority of financial services innovators are struggling with visibility, digital strategy execution and employee resistance to change, which impedes agility. They need to see that their innovation spending is yielding real market impact,” said Angelique Mohring, CEO of GainX.  “We are honoured to be able to draw upon Microsoft’s technology, support and resources to bring our transformative technology to financial services companies in the UK and around the globe.”

About GainX

GainX (@GainXGlobal) is helping companies across the globe unleash innovation through improved insights, and a patent protected AI and machine learning SaaS platform designed to drive greater ROI on transformational strategy and innovation spend.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.

 

For more information contact:

Kevin Monserrat
Marketing Manager, Microsoft Accelerator
Phone: +447773043147
Email: a-kemons@microsoft.com

 

Angelique Mohring
CEO and Founder, GainX
Phone: 1 877 313 9787
Email: angelique@gainx.com