Is healthypets.io the Next Big Thing in Pet Health Care?

Originally Published by Toronto Dog Spot

Have you ever used TeleHealth Ontario? It’s a great resource that allows nurses to triage you health needs over the phone and give you advice and direction on those pesky things that come up in life that makes you say “Hey, what do I if…?” Three years ago when I became a mom for the first time, my family physician, obstetrician, emergency doctors and nurses and other new moms recommended TeleHealth. When you’re a newbie everything seems like a big question mark, mostly because you never had to think of it before or have never been put in that situation. Clever system, really, as it reduces visits to the emergency department, long waits to see your family doctor, and it gets you answers and direction fairly quickly from the comfort of your own home.

TelePet?

If you’ve ever had a pet, or this may be your first time having a fur baby, (Congratulations!) you may be just as panicked about the unknown – and you’re not alone. I love the old Portuguese saying “No one is born knowing everything.” That phrase has gotten me through some anxiety ridden moments, let me tell you. But, the one thing that can ease the not-knowing is knowing. Figuring it out. Having someone guide you to the answer. It’s going to be okay.

Wouldn’t you know it; I came across a new, wonderful service for pet parents in Ontario. A company called healthypets.io helps pet owners avoid unnecessary, and often costly, trips to the vet when all you need is some good advice. The inception of this company came from the frustration, time, energy and money spent on taking a sick puppy, with a lot of issues, to the vet up to once a week! Soon to discover, however, that not all visits were absolutely necessary and all this pet mom really needed was some good advice. But where can one find legit veterinary council without having to go to the vet? Well, Emma Harris, founder of healthypets, thought there has to be a better way and set out to answer this very question. Just as TeleHealth has qualified nurses answering the phone, she envisioned real, live veterinarians waiting to answer your concerns. Your questions may be as simple as, “My dog ate a sock. What should I do?”, “My dog has a dry nose, should I be worried?”, or (and I kid you not) “My dog rummaged through my purse and destroyed my tampons… I don’t even know what question follows this because I can’t imagine what could happen, but what do I do?” (Shout out to my Berner Titan for this fine example!)

As a company, healthypets.io, has a very simple algorithm; their 1-2-3 “Don’t Sweat It”, “Hmmm, lets monitor this”, and “It’s serious” approach. After your triage if you fall in the first two categories, you’ve likely saved yourself a trip to the vet – and the bank. However, if it is serious, they will direct you to the vet, recommend one if you don’t have one, and, if you loved the service you got, you can keep the same vet when you actually need to take your pet in for a visit. This is a great tie-in with the “Got a Pet, Get a Vet” initiative through the SPCA. If this is your first contact with a veterinarian, it’s a great time to get one! You never know how much you need a professional until you realize you don’t have one.

Pricing

K.I.S.S. Muah – keep it simple stupid – another “words to live by” favourite of mine and healthypets does a good job of it in the pricing department. You can pay $35 per 15 minute call or you can subscribe to a yearly package for $19.99/month. Yeah, TeleHealth is free (well, not really we pay taxes for it), but we all need to make a living! Speaking of health care in Ontario, I’m going to mention my plug in for OHIP pet insurance here. It could be an optional tax for pet owners – just think about it Justin!

So, if you are a new parent to a four-legged companion and you have the first time jitters, maybe healthypets is a good place to start. I haven’t used the service myself, but I never used TeleHealth before I became a mom either. Like anything, it’s nice to know it’s there.

Would you use healthypets? Let us know what you think of their idea as a pet parental support service for the health of your furry BFF.

Emmetros Launches MemorySparx One – Their First in a Suite of Products for People Who Live with Dementia

For Mary Pat Hinton, helping people who live with dementia and their care-partners have a better quality of life is personal.

Seeing her grandmother, Jean, suffer with Alzheimer’s disease in the 80’s, a time it was not well understood and there were few resources available for patients, made a lasting impact and inspired her to change the way those with dementia cope with their conditions.

As a result of her experience, Mary Pat started Emmetros – a company dedicated to creating solutions that help dementia sufferers to live independently and with dignity.

In 2016, Mary Pat joined the AC’s Accelerator Program to help guide her business to success. “Before I joined the AC, I did a lot of research into incubators and the resources available to entrepreneurs like me,” Mary-Pat explains. “I came to the AC because of their focus on long-term success and their stellar mentorship team.”

When she started Emmetros, she knew she wanted to create something bigger than a single app to support people living with dementia, and the mentors at the AC helped her build out her business in a way that will see the company develop a full suite of solutions that will work together to create an all-in-one digital solution – not only for those living with the disease, but for their families and care communities as well.

“The mentors at the AC are like an extension of my team. They are always there for me.” she explains. “They are incredibly experienced, can shift focus easily, and can go as deep into my business as I need them to. No moment spent with them is a wasted one,” she adds.

Last week, Emmetros launched MemorySparx™ One. The first application in the planned suite of solutions to support those with dementia and their families.

MemorySparx One is a digital memory aid that helps individuals living with dementia organize and recall important information like personal photos, health information, and more.

Traditionally, those living with dementia (or their families) were instructed to create paper booklets to help them organize and keep track of important information. “One of the major challenges with paper-based memory aids is keeping them up to date, while making sure that they remain easy to use and meet the changing needs of a person who is experiencing declining cognitive abilities,” Mary Pat explains.  MemorySparx One leverages decades of research on the value of those paper-based memory aids and combines it more than a thousand hours Mary Pat and her team have spent partnering with and getting to know people who live with dementia, their families, and academic researchers to create a mobile digital solution that provides these people with a way to communicate with confidence and greater independence, wherever and whenever they need to.

MemorySparx One allows users to:

  • Add and update content using intuitive templates designed with the unique needs of people with dementia in mind
  • Store personal details, captioned photos, audio recordings, and personal health information in one easy-to-access tool
  • Access information that’s important whenever and wherever it’s needed – at a doctor’s office, a social engagement, or a professional event
  • Keep track of personal health history, medications, and changes to mood or behavior so you can speak for yourself at appointments with care professionals

Emmetros’ next focus is on developing their complementary suite of products and on continuing to build out their incredible team and work culture. ‘We are fortunate to have a team of very talented and experienced people. Every one of them is incredibly passionate about our vision,” Mary Pat explains proudly. “When I started this, I never expected that people would be asking me how they could join our team, but they are and that’s pretty amazing. Every single day I wake up grateful.  There’s nothing better than that.”

MemorySparx One is available for iPad and is on the iTunes store now. For more information, visit memorysparx.com.

Media Contact:

Tabatha Laverty
Community Manager
tlaverty@acceleratorcentre.com

eleven-x Joins CENGN As Newest Partner

May 05, 2017 11:30 ET

WATERLOO, ON–(Marketwired – May 05, 2017)

eleven-x™, Canada’s first and only Low Power Wide Area Network employing LoRa® Technology, is pleased to announce that it has joined Canada’s CENGN (Centre of Excellence in Next Generation Networking) as the consortium’s newest Partner.

The partnership between the two companies will utilize CENGN’s lab infrastructure and SDN/ NFV engineering expertise, along with eleven-X’s long-range wide area network technology to provide small to medium enterprises (SMEs) with the opportunity to test and validate their Internet of Things (IoT) innovations in a real environment.

Providing a carrier-grade network that is purpose-built for applications focused on IoT, eleven-x utilizes LoRaWAN™protocol to offer low cost connectivity and data communications for Enterprise IoT, Industrial IoT and Smart City initiatives.

Featuring low power consumption, extended battery life of up to 20 years and long-range capabilities, the eleven-x network facilitates real return on investment. With a wide variety of uses such as Asset Tracking, Lighting Control (streets and buildings), Water Flow Monitoring and Metering, Health Monitoring, Environmental Monitoring and Soil Moisture and Nutrient Monitoring, the ability for all types of organizations across Canada to become more efficient while reducing costs is possible now.

CENGN’s goal is to strengthen Canada’s leadership in global ICT and next generation networking. By partnering with eleven-x, CENGN will be able to leverage eleven-x’s technology to enable SMEs to test their products and services in the CENGN environment, and accelerate their time to market. This will catalyze the growth of SMEs, and the ICT sector as a whole.

“We’re extremely excited to join the CENGN team and truly look forward to engaging with them and other member organizations to fully realize the promise of IoT with our next-generation network for the Canadian marketplace.” said Dan Mathers, Chairman and Co-Founder of eleven-x.

“CENGN is constantly looking for ways to facilitate Canadian SMEs’ ability to demonstrate their innovations,” says CENGN President and CEO, Ritch Dusome. “With the help of partners like eleven-x and the addition of their LoRaWAN Technology, CENGN will be able to provide better support to SMEs hoping to push their products to market on a global scale.”

“It’s because of these types of partnerships with CENGN that Canada can now aggressively move forward, taking advantage of the benefits of IoT. Private and Public sector organizations can immediately reduce costs and discover new revenue opportunities.” Said Ryan Hickey, CEO and Co-Founder of eleven-x.

“We’re all looking forward to the influx of projects that will be an outcome of eleven-x’s partnership and contributions to the CENGN Smart Infrastructure,” says Richard Waterhouse, VP marketing and Business Development. “It will be interesting to see which companies will be first to take advantage of the addition of this technology and how their success will shape our world today and in the future.”

About CENGN – Canada’s Centre of Excellence in Next Generation Networks

Canada’s Centre of Excellence in Next Generation Networks (CENGN), an NCE (Networks of Centres of Excellence) funded CECR (Centres of Excellence for Commercialization and Research), is a consortium of industry, academic and research leaders dedicated to accelerating the commercialization of next generation communications solutions. CENGN’s internationally recognized testing centre employs interoperability between multiple software and hardware products, providing a unique environment to commercialize advanced products, applications and services. Our fully operational data centre is running a production OpenStack environment with multiple connections to a real-world WAN including a dark fibre connection that enables connectivity speeds of more than 100Gbps. CENGN services include; Proof of Concept (PoC) validation and hosting, interoperability/performance/ certification testing, technical training (SDN, NFV, IPv6, ODL, OpenStack, Innovation for Hire and Commercialization Acceleration.

CENGN members include: Cisco, EXFO, GENBAND, Fujitsu, Invest Ottawa, Juniper, Nokia, Rogers, TELUS, VIAVI, Wind River, and Zayo Canada.

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 network enables customers in the private and public sectors to efficiently and cost effectively manage assets, create connected cities, and realize environmental sustainability. For more information go to www.eleven-x.com.

The Accelerator Centre Announces the Next Cohort of Startups in their Accelerator Program

May 9, 2017

We are pleased to announce the companies that will comprise the 3rd cohort of our redesigned Accelerator Program.

These 8 companies will enter Phase One of our world renowned incubation program. Startups in the program are selected through a competitive application process and represent the best-of-the-best in technology and entrepreneurship in the region and around the world.

The companies joining the 3rd cohort are:

Company Name Description Founders
Cassle Inc. Real Estate Technology Sunny Khangura
eDropBy Solution Inc. Package Transportation Platform Jeff (Tai) Zhao
Equi-App Equestrian Learning Platform Alex Reinfels
Foober Student Meal Delivery Service Brad McGill
Monarch Clothing Medical Garment System Pat Quinn
Overture Donor Forum Ltd Not-for-Profit Donor Engagement Platform Herb and Joanne Shoveller
Unnamed Internet Security Company Derek Wong and Kathryn Vandenberg
Unnamed  Service Provider Referral Platform for Homeowners Jake Gibson
Unnamed Ecommerce Mohammad Ghanbari

“We are pleased to announce the third cohort of startups into our Accelerator Program. We see great promise in this group and are happy to be supporting such a wide variety of technologies and industries. We are excited to see them build and scale successful, global businesses.”  – Paul Salvini, CEO, Accelerator Centre.

Phase One is the first of four phases within our recently restructured two-year incubation program. The program offers customized, milestone-based programming alongside our proven mentorship model. At the end of the Phase Four, our clients graduate with confidence, knowing all areas of their business are ready for long-term success.

For more information on our clients, our programming, or to learn how to apply for the next cohort visit www.acceleratorcentre.com.

Media Contact:

Tabatha Laverty
Community Manager
tlaverty@acceleratorcentre.com

AceAge's "Karie" takes first steps as ‘connected health’ solution

Originally published by Innovation Guelph

May 3, 2017

Stacey Curry Gunn

Medication delivery device will make its debut in clinical trial at University of Toronto

Soon to be vying for countertop space in the “connected home” is an automated medication delivery device named Karie, designed to help patients take their medication correctly – a solution to a multi-billion-dollar healthcare problem.

Karie was born out of the personal experience of entrepreneur Spencer Waugh, who saw his grandfather repeatedly admitted to hospital after medication mix ups. Waugh discovered that his grandfather was not alone in his struggles: up to 90 per cent of patients make mistakes in taking medication, leading to 28 per cent of emergency room visits and 23 per cent of nursing home admissions. He founded AceAge in 2015, with Karie as its first product.


Karie is designed to make it simple to follow complex medication regimes, using standard multi-dose packaging to dispense the correct meds at the proper times. The device reads the information on each pouch to schedule doses, and goes off like an alarm clock when it’s time for each dose. Karie can also be set to automatically notify a caregiver if a dose is missed. In addition to supporting patient well-being, Waugh expects Karie to be a boon in clinical trial settings as a way to improve adherence rates.

At the end of March, Waugh and his team were busy assembling devices in preparation for Karie’s first big test: a  usability study at the University of Toronto.

The six-week study, set to start in May, will see 32 patients use the device in their homes, a step that Waugh expects will yield the validation necessary to turn a slew of interest from potential partners and customers into firm business relationships.

“It’s incredibly exciting to see something that I’ve been working on for so long become a reality. Karie is no longer a concept, this is our first chance to show how we will positively impact people’s lives. We are now scaling up to build and deploy thousands of devices. We want to make Karie the central fixture of the connected health home,” says Waugh.
Along the way, AceAge has tapped the ONE Network for assistance, including Innovation Guelph where Waugh has worked closely with mentor Don Thompson on product development.

“Don has been phenomenal, covering all the challenges of going from building a handful of beta units, to thousands of devices every month.”

AceAge has also benefitted from $30,000 in matching funds from Innovation Guelph’s Fuel Injection program. “It funded the build of our on-board user experience and application interface, and created the brand for our product Karie,” Waugh said. “Without the Fuel Injection award, we would not be able to go to market right now. The funding and advice that Innovation Guelph gave us was crucial for us to get to the stage we are at today.”

Fuel Injection funds also made it possible for Waugh to travel to Edmonton, Hong Kong and Paris to introduce Karie to potential partners and investors.

“It’s been extremely rewarding to help Spencer navigate the many aspects of bringing this important medical device to market,” Thompson says. “Karie solves a real problem for patients and the healthcare system as a whole, and we anticipate exciting things to come.”

AceAge will also be making the rounds at Toronto Health Innovation Week (April 3-7, 2017): Waugh will be competing at the 3rd annual MaRS HealthKick Challenge April 5, as well as pitching at the Aging2.0 Toronto Global StartUp search on April 7. He is also scheduled to speak at the Apps for Health conference at Mohawk College on April 27 and will be at OCE Discovery May 15-16. Follow the company’s progress on Twitter @AceAgeKarie and LinkedIn.

Soaring startup GainX gears for launch of U.K. office

Originally Published by Communitech News

Craig Daniels

May 3, 2017

A five-year anniversary celebration, a grand opening of an office in the U.K., soaring year-over-year revenue growth, a hiring spree, a soon-to-be consummated partnership with Microsoft and a hefty financing round. That’s all Waterloo Region-based GainX has lined up on the immediate horizon.

“We are a rocketship,” says Angelique Mohring, CEO and co-founder of GainX.

A rocketship, yes, with the irony being that Mohring is trained in more earthly pursuits like archeology and anthropology, and that’s only fitting: Her firm’s software gives executives of large companies the tools they need to launch what amounts to a forensic dig on the makeup of their own operation, excavating the places where opportunity and risk reside. The result is a better return on their innovation spend.

“We can actually map how information flows inside of your organization,” says Mohring.

Specifically, GainX software helps organizations identify where untapped pockets of talent exist within their companies, eliminating the need for new hires. It also helps companies pin down what Mohring calls their “clay layer,” the place in every company where good ideas “go to die.”

Data is obtained through a mobile app used by a client company’s employees.

“Let’s say you want to be a digital bank by 2020,” explains Mohring. “We can show you where that idea is going to get stuck, [down to] to the region, the country, the individuals, the teams, the department. Whatever layer of granularity you want, before you spend a dollar.

“We’re able to help you identify where the risks are going to be and then manage the real-time risks. Here’s the portfolio [that the software] can see. Here are the movements in the market. Here is your inherent risk on your multi-billion spend.”

GainX customers in Canada include, among others, CIBC and the Royal Bank, as well as major financial institutions in the U.K. and U.S.

Mohring has been part of the Waterloo Region tech scene for 10 years. She and her husband, Lance, one of three co-founders of the Waterloo Region startup Plasticity Labs, moved here from Seattle when they decided they’d had enough of George W. Bush’s America. She quickly found a post at OpenText, deciding after five years there to bootstrap her own company.

GainX has 15 employees, and plans to open an office in London on May 24 that will house sales and marketing operations. The May 24 event will be attended by Ontario’s Minister of International Trade, Michael Chan, and will include a round-table discussion at Canada House.

Opening an office overseas is part of a deliberate play to expand into global markets. For Mohring, going international is a natural fit. Her father was in the Canadian Forces and was often posted abroad, family in tow. “I have lived in 25 cities and six countries,” says Mohring. “I’ve not had any other perspective in my life except an international perspective.”

And why focus on London, specifically?

“One of the reasons we [plan to] launch [in London] was that I was invited onto the innovation board at the Royal Bank of Scotland. That bought me some credibility to then start working with some other U.K. companies.

“My experience working in the U.S. is it is a phenomenal economy. It is a strong trade partner with Canada. But my experience is, the U.S. talks about the U.S., thinks about the U.S., focuses on the U.S.”

The company’s research and development will remain in Waterloo, housed at the Accelerator Centre.

“Canada brings huge benefits for a company like mine because it has strong international partnerships already. I don’t think you can beat the Canadian dollar against the quality of talent you get here. I am a huge fan of [Prime Minister] Justin Trudeau and his perspective on innovation. I love what I’ve seen so far.”

Her Canada love cools somewhat, however, when the discussion turns to capital. Thus far bootstrapped, GainX in now looking for money. Mohring expects the round will come from the U.S. or U.K. rather than Canada.

“Most of the investors in Canada come to me with checklists,” she says. “When they do, I’m not even willing to have the conversation.

“We have grown anywhere from three to four times our revenue year over year. This year it will be closer to five to 10.

“[Financing outside of Canada] means most of my growth will happen outside of Canada. Yes, I’ll keep my IP here. Yes, I’ll keep my development here. But most of that growth and funding will come from somewhere else.

“Fitting everything into a box is why we have a D on our international report card.”

Still, financing aside, it’s clear Waterloo Region and its tech ecosystem matter to her. She and her husband moved specifically because they liked what they saw emerging in the region.

“We picked this area with eyes wide open,” said Mohring. “We did a lot of research on Kitchener-Waterloo region before we decided to come back to this part of Ontario.

“This was 10 years ago. It had a up-and-coming tech hub. It had some pretty big tech companies that were starting to take shape. It was close to Toronto. It was easy to get on an airplane. It’s a great place to raise a family. To me, I don’t think I’ll move again.

“I see innovation across the whole world. Waterloo is doing great, but it’s not excellent yet. I wouldn’t give it A-plus on a report card. I think it has a lot of room to grow and we still need to mature.

“[But] the Toronto-Waterloo Corridor is generating some pretty rich dialogue. I hope [we] can [take it] to the next level.”

Alert Labs Announces Intact Ventures as a Strategic Investor

Originally published by Alert Labs

KITCHENER, ONTARIO, April 19, 2017 – Alert Labs Inc., designer of easy-to-install, cellular-connected home protection technology, is thrilled to announce an investment by Intact Ventures, the strategic venture arm of Intact Financial Corporation, Canada’s largest provider of property and casualty insurance. BDC Capital, Garage Capital, Hedgewood Inc., and several angel and private investors have also invested in Alert Labs in order to accelerate marketing activities and scale business operations.

In 2015, Canadian insurance companies spent approximately $2.6 billion repairing homes due to water damage. In the USA, 45 per cent of the $41.2 billion in home insurance claims were due to water damage and freezing pipes. In the next 5 years, it’s expected that North American insurers will spend over $100 billion to repair water damage in customers’ homes. Alert Labs is committed to helping the insurance industry reduce preventable expenditures.

“This represents Intact Ventures’ first investment in Canada. It’s exciting to support a company like Alert Labs that is developing technology that will help protect homeowners and mitigate risk,” says Karim Hirji, Senior Vice President, Intact Ventures, “We appreciate the importance of providing homeowners and businesses with innovative solutions that are easy to use, cost effective and reliable. The value of this type of technology will continue to grow as we adapt to climate change.”

Alert Labs’ Flowie water sensor and Floodie companion sensor work together to protect homes from flood damage, and to provide minute-by-minute water use information. This allows Alert Labs’ analytics engine to identify leaks from the municipal water supply, like a leaky toilet or malfunctioning furnace humidifier, and to share insight into water conservation opportunities. Homeowners receive email and mobile alerts for floods, leaks, high or continual water use, and power outages. Alert Labs’ sensors are cellular-connected with a built-in battery backup, which means they don’t rely on WiFi and will continue to operate during an ice storm or power outage. Flowie also reports basement temperature and humidity which gives early warning about environments with higher potential for mould or freezing pipes.

“It is inspiring to have Canada’s leading insurance company believe in our vision and goals, and we’re grateful for the financial support of our investors. This will ultimately enable us to share our products with more customers,” says George Tsintzouras, CEO of Alert Labs. “We’ve designed our sensors with our customer’s experience as the top priority. Our sensors are as easy to install as a watch or a Fitbit – everyone can do it with no tools or professional installers.”

Alert Labs also recently announced a program with the City of Guelph, Ontario. As the largest city in Canada that relies solely on groundwater for its water source, Guelph is promoting Alert Labs’ Flowie Water Sensor Kit as a tool to drive water conservation, and is offering a rebate to its residents for purchasing Alert Labs’ leak and flood protection solution.

Sources:
http://assets.ibc.ca/Documents/Facts%20Book/Facts_Book/2016/Facts-Book-2016.pdf
https://www.cia-ica.ca/docs/default-source/2014/214020e.pdf
http://www.iii.org/fact-statistic/homeowners-and-renters-insurance

About Alert Labs Inc.
Alert Labs is an IoT technology company based in Kitchener, Ontario. They were the $100,000 winners at Communitech’s Rev Demo day in November 2016. Alert Labs builds affordable monitoring solutions for residential and commercial property owners. Alert Labs’ simple-to-deploy sensors can be placed on water meters, sump pumps, near toilets and other appliances to detect water leaks, floods, power issues, abnormal temperatures, and other events. Customers receive real-time alerts and insightful data analytics via SMS, email, and the Alert Labs app. Visit www.alertlabs.com.

GainX is on a mission to eliminate billions in wasted innovation spending for global financial services companies

Across the innovation landscape, agility matters. Fast innovators are 42% stronger, 27% more disruptive, get new products to market quickly and generate 30% more revenue from those products.[1]  And yet, 90% of CEOs across all industries remain unsatisfied with their year/over/year progress and returns on innovation. They are plagued by a lack visibility across their complex innovation portfolios and processes. This poor transparency translates into billions of dollars in waste and Innovation DragTM across the industry.

Entrepreneur Angelique Mohring founded her company GainX in 2012 after spending two decades as a technology executive, working for large enterprise software organizations such as OpenText.  “After working with Global 1000s for 20+ years as a tech executive and global change agent, I realized I had the skills, passion and expertise to help the world’s biggest businesses better understand and overcome the innovation challenge and finally realize real financial payback from their efforts,” says Angelique.  “I want people to understand that innovation is so more than simply counting ideas. It is about cultural and digital transformation, and it is about producing measurable business impact.”

GainX, a fast-growing leader in the FinTech market (the company will target other sectors but is initially focused on Financial Services) is leading and defining the Innovation Strategy Management (ISM) market, providing financial services companies with the critical bridge between innovation happening at the edge of business and the core enterprise.

“By combining predictive analytics, artificial intelligence, semantic analysis and in-depth behavioural analytics to drive cultural change and improve innovation capacity, our ISM platform ensures creativity and delivery stay in balance, and allows businesses to achieve sustainable market success and drive greater return on innovation investment (ROII). This results in increased productivity, improved employee engagement, greater clarity of vision and reduced risk of in-market failure,” says Mohring.

Recently, GainX released the findings of a benchmark survey it conducted on behalf of the Canadian financial services industry assessing the innovation capacity of Canada’s leading financial services institutions (FSIs). More than 375 executives and employees participated in the analysis, which captured both data and semantic analytics on innovation derived from their respective organizations. More than 27,000 data points were analyzed through the GainX platform, and FSIs were plotted on an innovation maturity curve, measured against the critical gains necessary for innovation and transformation, including strategy and clarity of vision, appetite for risk, digital enablement, culture, and engagement and collaboration.

While the Canadian FS executives and employees surveyed all identified innovation as a top priority, our analysis found that the sector’s capacity to achieve those goals remains limited. 77% of Canadian FSIs surveyed indicated they lacked an integrated innovation process, and only half (51%) believed their organization to be innovative. More than 90% of those surveyed indicated they lacked a clear, actionable digital strategy and effective tools and technology systems, representing significant barriers to innovation and growth.[2]

After joining the Accelerator Centre in 2015, Angelique has been able to drive the business forward, landing key deployments of the GainX platform in several Canadian banks. Thanks to critical AC JumpStart funding made available through FedDev Ontario, she’s also expanding her presence into the US, the UK and other international markets.

“It’s been powerful to be at the Accelerator Centre and to be able to tap into the fantastic network to draw on the resources most needed to help our company grow. The JumpStart funding provided yet another critical stepping-stone in our company’s development and growth.

“We are on the brink of massive change in the innovation market,” says Mohring. “The emergence of artificial intelligence and machine learning technologies will provide a critical catalyst for innovation, by allowing organizations to unburden smart people from administrative tasks, and to put the right people on the right project to accelerate innovation. It is going to be a huge year for GainX, and I’m so excited I could just about explode.”

 

[1] Boston Consulting Group, 10th Annual Survey, Most Innovative Companies 2015

[2] GainX Insights™ benchmark analysis data.

Inksmith’s STEAM+ Education Solutions for 3D Printing are Empowering Canadian Kids to Tackle Big Ideas


From businesses, to manufacturers, to everyday hobbyists 3D printing offers an accessible, safe and cost effective way to bring designs off the page and into life. Desktop 3D printing is igniting a new wave of innovation in the education sector, where 3D printing presents an incredible opportunity for STEAM based learning opportunities that span virtually every discipline from K-12 and beyond.

Jeremy Hedges and his team are capitalizing on that goldmine of opportunity with their company InkSmith. A University of Laurier grad, Jeremy initially founded InkSmith a couple of years ago to improve the sustainability of 3D printing feedstock. But like many startups, he found himself pivoting the company toward the education market after realizing the untapped opportunity for learning presented by the 3D technologies he represented.

“I estimate only 20% of Canadian schools today have access to 3D printers, but in the next few years they’re going to become a standard tool in every classroom and library,” says Jeremy. “It’s a real blue sky market and a powerful legacy to be a part of empowering future generations to tackle the world’s biggest problems!

Jeremy, the son of a teacher, is quick to point out that this isn’t a story about 3D printer hardware. “At the end of the day, the 3D printer is just the tool. InkSmith is an edtech company focused on inspiring kids and teachers to use STEAM-based learning technologies in the classroom. We don’t want to throw a 3D printer into the school and hope it works. We want to enable STEAM programming with a turnkey solution for education that provides professional development, curriculum based course projects, 3D printers, materials, the technical support and everything else they need to make it happen.”

Jeremy, the son of a teacher and Wilfrid Laurier University grad, spent his formative years leading community and youth programs. “I was always looking to make an impact,” he confesses. With 3D printing, he saw a cool niche where he could build a company and at the same time empower kids not just to learn about the world’s problems, but to become the innovators that solve them as well.

“With 3D printing and modelling technologies, we can get kids learning environmental science to design their own aquaponics system, or build 3D printed catapults to test physics theories. There are so many applications for learning engineering principles, mathematics principles, and even the arts,” he explains, noting that Inksmith is working currently with the Stratford Festival to use 3D printing for prop making, and to construct mini stage replicas to understand and test how props move, and how actors use the physical space.

One of the most exciting developments for Inksmith in the last year has been a budding partnership with the York Region District School Board. The company and school board have jointly applied for a funding grant to pilot the Inksmith solution into dozens of schools. Should the grant funding get approved, this project will serve as the pilot test for the federal government and provincial education ministries to invest in Canada wide deployment. In anticipation of a successful application, Jeremy is building out his team and beefing up the company’s academic credentials. A recently posted job description for teachers to help Inksmith develop course materials brought in 20 highly qualified applicants in a single day.

Inksmith, a client of the Waterloo Accelerator Centre’s Hardware Innovation Lab at 44 Gaukel, was able to tap into $30,000 in AC Jumpstart funding through FedDev Ontario to build out its vision.

“JumpStart is a great program and it was super valuable to have access to mentors and call us on bad ideas says. It gave us the time to prototype and build a business model that works. Because of the ACJumpStart funding, we were able to really research and understand the market and hire our first employees to build out our product and sales. As a result, we’re at the leading edge of this industry and are the only company in Canada providing this kind of solution. I can confidently say we wouldn’t be here at all without ACJumpStart.” – Jeremy Hedges

FindBob Helps Canadian Financial Advisors Grow and Protect their Practices

Matchmaker, Matchmaker

Roland Chan is a matchmaker of an entirely different kind. Rather than pairing up lonely hearts, Chan, a serial entrepreneur, technologist and financial advisor, is seeking to help other financial advisors working in the financial services and insurance world find the right match for their book of business with his company FindBob.

“Financial advisors in Canada today are responsible for managing over $1 trillion in wealth. At the average age of 59, many themselves are nearing retirement age, and yet, for all the retirement counsel they give others, more than 80% of financial advisors have no succession plan of their own,” says Chan.

Chan understands the financial service industry very well. He grew up in the business, so to speak. His father established his own successful financial services and insurance practice 26 years ago, and was joined by his son in the business in 2008.

“I began my career as a software architect, but after stepping into the financial services industry to help my father I grew to love the industry and the millions of dollars it puts back into the community and the economy,” says Roland Chan. “There are some terrific people working in the business who have committed their lives to their clients and to educating the public on the best way to build savings and protect wealth.”

Chan also knows too well the consequences of poor succession planning.

“Around the same time I joined the family practice, we had an advisor who had been with the firm for 15 or 16 years pass away suddenly.  He didn’t have a continuity plan to protect his book of business. In financial services, both the firm and the individual own a percentage of recurring revenue flowing in from clients. Because there was no succession plan in place, it took me over a year to transfer the value from that book of business to our advisor’s widow. And unfortunately, by that time, close to 50% of its value had eroded, due to clients moving on and/or or other agents poaching his business.”

It is a story that Chan has heard repeated over and over again through his work in the industry, and as VP of Advocis, the Financial Advisor’s Association of Canada’s, Toronto Chapter. He also learned why advisors were so reluctant to plan for their own future. “Most advisors don’t participate in succession planning not because they expect to live forever, but rather they can’t find an adequate partner, or find the whole process too daunting.  Their firms want to support and encourage them to do so, yet they lack effective and scaleable processes.”

Realizing there was an unmet need for a more effective solution to aid advisors with succession, he decided it was time to put his decades of technology experience to work to build FindBob, a unique marketplace that pairs advisors looking to scale back or retire, with others in the industry (ideally in the same firm) who are looking to enter the industry or expand.

FindBob’s platform has strongly resonated with the financial advisory community. Since becoming a client of the Accelerator Centre in 2015, Roland Chan’s venture has achieved steady market traction. The company is on the brink of closing its fourth Canadian enterprise client, and now represents the largest insurance practices in the country and the second largest trade association for investment and insurance advisors. “We provide real value to these firms,” says Chan. “We help them protect their existing assets, generate new revenue, recruit new talent and meet their fiduciary responsibility to clients. Currently, FindBob is the only platform focused on on assisting financial institutions with internal transitions. Our marketplace is allowing advisors to discover opportunities within their own firm and connect with others seeking to buy, sell, merge or find a successor. “If you are able to move a block of business internally within a single financial institution that achieves the best outcome for advisors, for industry and for client.

To fuel its next stage expansion, FindBob was able to tap into $30,000 in AC JumpStart funding, made possible through FedDev Ontario.

“Obviously getting an injection of non-dilutive money is tremendously helpful,” says Roland Chan. “It allowed me the freedom to hire a person devoted to customer success, a role that creates real value for the company and for our clients.  Thanks to the AC we added a critical non-technical hire, and now Sylvia is our point person on many enterprise engagements.” – Roland Chan

Based in Toronto, Chan travels the Toronto-Waterloo corridor as often as possible to also connect with the Accelerator Centre’s team of mentors.

“From Kevin Elop, who sends me a five page email response to my question; to Kevin Hood who has saved me from jumping off a cliff on 3 or 4 occasions; to Bob Rushby and Steve Fyke who always offers poignant technology and design advice; to Jackie Lauer’s hiring expertise; to Ellyn Winters, who has forced me to focus on inbound marketing and PR – areas that are decidedly not in my comfort area; the mentors have helped me look at my business from many different points of view.” – Roland Chan

ACJumpStart is made possible by and investment from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and is delivered in partnership with Conestoga College, Wilfrid Laurier University and the University of Waterloo.