Accelerator Centre featured in The Financial Post as a "high-tech mecca"

Waterloo startups helping bridge local food processors’ technology gap
Technology was pretty basic back in 1957 when Willy Huber and his two brothers opened the doors to their Waterloo, Ont.-based butcher shop and deli. Equipment consisted of a refrigerator, a freezer and a sausage-making machine that would crank out around 50 to 60 pounds of sausage a week.

That machine now stands as a showroom relic at Waterloo, Ontario-based Piller’s Fine Foods Inc. In its place are room-sized devices and computer-monitored equipment that churn out thousands of pounds of sausage and meat products hourly, as well as about 25 tons of ham a day.

The shift from three brothers cranking out sausages to a multimillion-dollar high-tech food production company speaks to how far technology has changed in the past half century, not only for Piller’s but for the Canadian food processing industry.

The world around us is changing; the borders are opening up and we as an industry need to compete

Yet it’s nowhere close to where it could or should be, those in the industry readily admit. Which is why Huber has thrown his weight behind a City of Waterloo-funded program called Canada’s Technology for Food (CTFF) – a first-of-its-kind initiative to divert local college and university brainpower that might otherwise go to developing the next hot video game or mobile app to food processing production.

“The world around us is changing; the borders are opening up and we as an industry need to compete,” says Mr. Huber. “The best way to do that is with technology, and we have the knowledge and expertise right here to tap into it.”

Technology on Canada’s production lines still has a long way to go. While a few of Canada’s larger food processing companies have embraced automation, robotics, vision-guided systems and other technology to improve productivity and boost profit margins, the vast majority are still running their factories with a combination of manual labor and unsophisticated equipment.

Ted McKechnie, former president of Maple Leaf Foods and now head of the CTFF, has no shortage of examples of where the gaps along the production line are.

“Take stuffed chicken: you have automation before and after, but you’ll still see 10 people in between stuffing it with ham or cheese by hand,” he says. “There is some combination of robotics and vision systems out there that can automate that, making it faster, more efficient and safer, but you don’t see it here.”

That’s where CTFF comes in. Using the City of Waterloo’s Accelerator Centre, a high-tech mecca funded by the city and region of Waterloo, its universities and colleges and the federal and provincial governments, the CTFF will work with food processors to pinpoint issues like hand-stuffing chickens or manually shaving fat from ribs and create high-tech, never-before-seen solutions.

The Waterloo region is no stranger to reinvention. In the 1980s it saw the rise of auto assembly. In the 1990s, hardware and portable technologies started to take off. In the 2000s it was software and apps.

“Now we’re starting to see general interest in things that have more mechanical and firmware components to them,” says Tim Ellis, head of the Accelerator Centre, which will house the next great (and commercially viable) made-in-Waterloo food production technology.

To be sure, there is foreign technology already at play across the Canadian food chain – from meat and poultry, to milk and beer, to packaged vegetables and ready-to-eat entrees. The problem is the technology has to be imported because the knowledge base doesn’t yet exist in Canada, notes Mr. Huber.

It’s not just about competition, it’s about putting Canada on the map where we should be

“That’s the whole focus of this initiative – to create technology in the food industry that helps Canadian producers compete, but also to create new technology that we can export,” says Mr. McKechnie.

It’s also to get ahead of the curve and create new technologies that help produce safer food through homegrown technology that can be exported to other parts of the world where quality and safety standards aren’t as advanced, says the city’s mayor, Brenda Halloran, who championed the CTFF.

The potential is huge. There are more than 1,400 farms and 100 food processors and distributors in the Waterloo region alone that stand to benefit from the program.

The initiative’s partners intend to share the wealth ­by providing to-be-discovered technology and expertise to the rest of Canada’s 8,000-plus food producers to help them be more efficient and competitive.

“It’s not just about competition, it’s about putting Canada on the map where we should be,” says Mr. Huber. “But to do that we need people that are educated and focused on innovation in the industry. That’s where we need to be.”

Accelerator Centre: New building aims to take tech firms to next level

Tim Ellis sees it every time a startup packs its bags and leaves the business incubator he runs in Waterloo.

The dreaded M-word — moving — keeps him awake at night and messes with his mandate.

His job is to remove barriers for young companies.  But at the point when they’re just starting to take off, moving can be a real momentum-buster, said the chief executive officer of the Accelerator Centre.

Headaches such as finding a new office, setting the terms of the lease and securing enough parking slow down startups at the worst possible time, said Ellis.

“It delays the companies,” he said.  “When they leave here, there is a blip, like a stock chart where things drop. We want to eliminate that.”

Ellis hopes he found the solution to this dilemma in a new building planned for the David Johnston Research & Technology Park, where the Accelerator Centre is located.

The three-storey, 115,000-square-foot building will welcome graduates of the Accelerator Centre program and a mix of other selected tenants, including foreign companies looking to dip a toe in the waters of Waterloo Region.

Many of the graduating companies of the Accelerator Centre, and its offshoots at the Communitech Hub in Kitchener and the Stratford Accelerator Centre, want to replicate the shared environment offered by the program, said Ellis.

The new building will attempt to recreate that ambience of collaboration without most of the mentoring, coaching and other formal programming offered by the Accelerator Centre itself, he said.

Instead of removing grads from the entire tree, “We want to push them out of the nest into a branch of the tree,” Ellis said.

A date has not been set for the start of construction because stakeholders are still deliberating about the right mix of occupants.

The aim is not just to fill up the building with tenants, said Carol Stewart, manager of the research park.

“You can’t just go out and be straight real estate. You have to be laser-focused” on finding the right tenants, she said.

The plan is to have the $30-million building ready for occupancy in 2015, said Adrian Conrad, president of Cora Developments, which will construct the facility.

“We want to make sure we get the right package (of occupants) before we start,” he said.

It will be located at 435 Wes Graham Way on the same roundabout occupied by Sybase and a Cora-owned building housing Agfa Healthcare, Enflick and Cisco Systems.

The new building has tentatively been dubbed the International Business Centre because it will offer Accelerator Centre programming that focuses on helping tenants scale globally, said Ellis.

Current tenants of the Accelerator Centre are too young to expand internationally, but once they leave the nest they could use some assistance and coaching in that regard, he said.

As well, the park occasionally gets inquiries from international companies looking to establish a small presence in the region in the kind of collaborative and flexible setting offered by the Accelerator Centre, said Stewart.

Another tenant in the new building likely will be Capacity Waterloo Region, which helps non-profit organizations find new ways to raise funding and create social enterprises.

Capacity Waterloo Region is housed in the Accelerator Centre building, but is looking to expand as it works on a new concept to support social innovators, said Ellis.

“They love being with the entrepreneurs and they don’t want to change that.”

The innovative “collision” between the profit and non-profit sectors is one of the things that work well in the Accelerator Centre, he said.

The units in the International Building Centre will be larger than those in the Accelerator Centre, but still compact in size at about 1,500 to 7,500 square feet, and will lease for three years or less to give tenants more flexibility, said Ellis.

Leases in privately owned buildings in the region typically start at three years.  The norm is at least five years for an existing building and 10 to 15 years for a new building, said Conrad.

The International Business Centre will be the 10th building to go up in the research park since it was launched 10 years ago as a joint venture by the University of Waterloo, government and the private sector.

Located north of Columbia Street on the north part of the UW campus, the purpose of the 40-hectare park was to attract private tenants looking to capitalize on the university’s top-flight graduates in math, computer science and engineering and to build this area’s knowledge economy.

Other buildings in the park include Sybase, two OpenText facilities, the InnoTech building which is leased to BlackBerry, the Accelerator Building, the TechTown service centre, two research advancement centres owned by UW and a Cora-owned building that houses Agfa and other tenants.

UW owns the land and leases it to private-sector developers such as Cora, which has already erected three buildings in the park.

Besides the International Business Centre, the technology park has room for three more buildings in the first phase of its development, said Stewart.

The smaller phase-two section consists of about 28 hectares between Sybase and Bearinger Road.  The number of buildings to be established there hasn’t been determined yet.

“There’s a whole lot of planning we have to do yet for that,” said Stewart.

One of the objectives of the International Business Centre is to nurture the kind of larger enterprise that will want to occupy future buildings in Johnston Park, said Ellis.

“If we build the right culture in the park, they will want to stay in the park.”

Source:

Jun 08, 2013
ByChuck Howitt

The Accelerator Centre gets support from FedDev Ontario

The Accelerator Centre will provide entrepreneurship training and seed funding to help up to 30 science, technology, engineering, and math entrepreneurs launch new innovative start-up businesses, thanks to a new investment of $945,000 from the Government of Canada. The investment was announced today by Peter Braid, Member of Parliament for Kitchener-Waterloo, on behalf of the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).

“Our Government’s top priority is creating jobs, growth and long-term prosperity,” said MP Braid. “This investment will support the Accelerator Centre’s successful model that assists science and technology entrepreneurs in developing their business and management skills and launching promising start-up companies. Helping to bring these innovative ideas to market will benefit Waterloo Region and all of southern Ontario.”

The investment is being provided through FedDev Ontario’s Scientists and Engineers in Business initiative. The Accelerator Centre expects the project will create up to 30 new start-up businesses and 70 to 90 new full-time jobs, and anticipates up to $5 million in private investments could be generated for these new companies through its support. The Accelerator Centre will provide up to $750,000 in seed capital for the businesses.

“For early-stage companies seeking to bring their technologies to market, access to funding and mentorship at this formative stage can be a significant hurdle,” says Tim Ellis, CEO of the Accelerator Centre and Accelerator Program Inc. “The JumpStart program addresses both of these challenges for start-ups. It provides essential funding, and through our Accelerator Program, offers these companies access to experts who can provide business guidance and mentorship. I firmly believe that because of JumpStart, many more early-stage companies will realize success in the market.”

Scientists and Engineers in Business, one of FedDev Ontario’s Southern Ontario Advantage initiatives, aims to improve the success rate of start-up businesses in southern Ontario by developing business skills of entrepreneurs in the fields of science, technology, engineering, and math, and providing targeted support to help them bring innovative ideas and products to market.

To date, over $420 million in funding has been committed to over 240 projects under the Southern Ontario Advantage initiatives, resulting in partnerships with more than 5,000 organizations, and over $1.2 billion in additional leveraged investments from almost exclusively non-government sources.

Created in 2009, FedDev Ontario supports the southern Ontario economy by building on the region’s strengths and creating opportunities for jobs and economic growth. In Budget 2013, the Government of Canada demonstrated its continued commitment to workers, families and communities in southern Ontario with the renewal of FedDev Ontario. Economic Action Plan 2013 provides $920 million over five years for the Agency, starting on April 1, 2014. As part of the renewal, FedDev Ontario will be allocating $200 million over five years for a new Advanced Manufacturing Fund in Ontario. To learn more, please visit www.FedDevOntario.gc.ca or call 1-866-593-5505.

As outlined by the Prime Minister, the Government of Canada remains focused on what Canadians care most about: their families, the safety of our streets and communities, their pride in being a citizen of this country, and their personal financial security.

Follow us on Twitter @FedDevOntario

– 30 –

For more information, contact:

Stephanie Thomas
Press Secretary
Office of the Honourable Gary Goodyear
613-960-7728

Media Relations
FedDev Ontario
416-954-6652

Waterloo helps kick-start food technology initiative

The city is spending $200,000 to kick-start a new food technology initiative at the Accelerator Centre.

On Monday, councillors approved a recommendation from the city’s economic development committee to provide seed funding for what they’re calling Canada’s Technology for Food Initiative.

The goal is to marry Waterloo’s tech and academic communities with the world of food processing and production to innovate, increase efficiency and try to keep processors here.

The food technology innovation cluster would be the first of its kind in North America.

“It just looks fantastic,” Coun. Scott Witmer said. “It’s pretty exciting stuff.”

Economic development committee members heard from local food and beverage processors including Pillers and Brick Brewing that there’s a need for more innovation, talent retention and attraction and co-ordination of efforts.

The economic development committee heard similar concerns from Ontario Ministry of Agriculture and Food delegations.

Those challenges are resulting in lost local food and beverage processors as companies try to minimize operating costs, says a city report.

To make the project’s three phases work would require $17 million in funding, which organizers expect to be raised by a combination of provincial and federal grants and from local players in the industry.

Each phase is made up of challenges presented by processors that researchers will try to solve.

Ted McKechnie of the economic development committee said this is no overnight project.

“Our long-term vision is really to incubate and commercialize the tech for food products,” he said.

It’s envisioned to be local, national and international in scale, he said.

Waterloo’s $200,000 will be paid to the Accelerator Centre to set up Canada’s Food Technology Initiative. The Accelerator Centre is dedicated to developing technology startups and will be the project lead.

“I’m excited about our next steps,” Mayor Brenda Halloran said.

pdesmond@therecord.com

The food and beverage processing industry:

•More than 1,400 local farms earn at least two times more in farm receipts than the provincial average per acre

•Food production is the second largest industry in the province, next to automobile production

•There are 100 processors and distributors locally

•Conestoga College recently opened its Institute for Food Processing Technology

•Food production began in Waterloo Region in the 1800s

Source: City of Waterloo staff report

Press Release: The Waterloo Accelerator Centre and City of Waterloo announce Canada’s Technology for Food Collaboration

Groundbreaking initiative bringing together industry, academia and government to foster innovation and sustainability in food and beverage processing in Ontario

World-renowned for its cultivation of technology entrepreneurship and commercialization, Waterloo’s Accelerator Centre announced today it has partnered with the City of Waterloo to launch Canada’s first innovation program focused on the food and beverage processing industry. Canada’s Technology for Food (CTFF), spearheaded by the Waterloo Economic Development Committee (WEDC) and its vice-chair Ted McKechnie, will bring industry and academic partners together with Waterloo’s business community to foster innovation and accelerate the commercialization of technologies aimed at advancing Canada’s food and beverage processing industry at home and abroad. CTFF will focus on innovation, retraining, and building a highly skilled workforce to bridge the labour gap.

“Waterloo Region enjoys a long history in food and beverage production, stretching back to the 1800’s, and today, South-western Ontario remains the largest food manufacturing region in Canada and third largest in North America,” said Tim Anderson, CAO, City of Waterloo. “We need to continue to innovate, to inject new ideas and technologies into the industry to maintain our position as a world leader. We have been actively seeking an opportunity to support the advancement of this industry for some time. Canada’s Technology for Food is the solution we’ve been seeking; it can be a catalyst for real change in the food and beverage processing industry here in Waterloo, across Ontario and Canada, and in time, globally.”

“This collaboration partnership brings together the best of the best in this community. It marries industry partners that have real challenges, with the academic knowledge, technology, fabricators and commercialization and start-up expertise we have in Waterloo,” said Ted McKechnie of the Davies Group of Companies, former president of Maple Leaf Foods, and the current chair of CTFF. “We’ll work with industry partners to identify challenges and opportunities for improvement. Then we’ll match that industry partner with a consortium of solution providers to build an answer to that challenge. When the solution has potential to benefit the rest of the industry, we’ll work with the Accelerator Centre to commercialize the technology and grow the business.”

The CTFF will be located at the Waterloo Accelerator Centre (AC), an award-winning incubation and commercialization facility located in Waterloo’s David Johnston Research + Technology Park. The AC assists entrepreneurs and early stage companies in commercializing their technologies and establishing market traction, through an up to three year program provides business advisory, mentorship, education, connections to capital and other partners and commercialization expertise.

“We are extremely excited to play a leadership role in this important partnership,” says Tim Ellis, CEO of the Waterloo Accelerator Centre and Accelerator Program. “Every day within our facility we are inspired by the creative thinking of entrepreneurs and start-ups who apply out of the box thinking, fearlessness and creativity to solve economic and business challenges. Canada’s Technology for Food brings an industry with significant economic impact in Ontario and a new sphere of opportunities into the mix. I’m really looking forward to fostering some new innovative companies who I know will bring exciting new answers to the challenges facing our food and beverage processing industry today.”

Among the founding members of the CTFF are:

Founding Partners:

The Waterloo Accelerator Centre
The City of Waterloo

Academic Institutions:

The University of Guelph
Conestoga College
University of Waterloo
Wilfrid Laurier University
Niagara College

Food and Beverage Companies:

Piller’s Fine Foods
Brick Brewery Co Ltd
Conestoga Meat Packers

Fabricators:

KL Products Inc
Cambridge Metal Products Inc (CPM)

About the Accelerator Centre

The Accelerator Centre, located within Waterloo’s David Johnston Research + Technology Park, is a world-renowned, award-winning facility dedicated to developing and commercializing technology start-ups. Through its Accelerator Program, early-stage companies benefit from in-depth business coaching and seamless support services, including access to office facilities, coaching and mentoring, education, connections to capital, networking, R&D support and outreach, talent recruitment, technology transfer assistance, and commercialization expertise, enabling technology start-ups to move to market faster, create jobs and stimulate economic activity.

About the Waterloo Economic Development Committee:

The City of Waterloo’s economic development committee advises council on policies that are consistent with the intent of their economic development program. Led by members of the public, the committee also facilitates a number of activities including providing the economic development division with information and intelligence on the community’s markets, labour force, and industrial and commercial sites. It also acts as a resource to businesses to assist in feasibility assessments, proposals to council and other initiatives and provides input to council on matters of industrial and commercial requirements, zoning, transportation, utility services, tax implications and industrial land sales and acquisition policy

Follow the Accelerator Centre online:
@AC_Waterloo
Facebook

Follow the City of Waterloo online:
@CityWaterloo

For further information, please contact:
Ellyn Winters-Robinson
Communications Advisor
Accelerator Centre
519-624-2402
ewinters-robinson@acceleratorcentre.com
@ellynjane

Megan Harris
Director, Communications
City of Waterloo
518-747-8513
megan.harris@waterloo.ca

Press Release: The Waterloo Accelerator Centre and City of Waterloo announce Canada’s Technology for Food Collaboration

Groundbreaking initiative bringing together industry, academia and government to foster innovation and sustainability in food and beverage processing in Ontario

World-renowned for its cultivation of technology entrepreneurship and commercialization, Waterloo’s Accelerator Centre announced today it has partnered with the City of Waterloo to launch Canada’s first innovation program focused on the food and beverage processing industry. Canada’s Technology for Food (CTFF), spearheaded by the Waterloo Economic Development Committee (WEDC) and its vice-chair Ted McKechnie, will bring industry and academic partners together with Waterloo’s business community to foster innovation and accelerate the commercialization of technologies aimed at advancing Canada’s food and beverage processing industry at home and abroad. CTFF will focus on innovation, retraining, and building a highly skilled workforce to bridge the labour gap.

“Waterloo Region enjoys a long history in food and beverage production, stretching back to the 1800’s, and today, South-western Ontario remains the largest food manufacturing region in Canada and third largest in North America,” said Tim Anderson, CAO, City of Waterloo. “We need to continue to innovate, to inject new ideas and technologies into the industry to maintain our position as a world leader. We have been actively seeking an opportunity to support the advancement of this industry for some time. Canada’s Technology for Food is the solution we’ve been seeking; it can be a catalyst for real change in the food and beverage processing industry here in Waterloo, across Ontario and Canada, and in time, globally.”

“This collaboration partnership brings together the best of the best in this community. It marries industry partners that have real challenges, with the academic knowledge, technology, fabricators and commercialization and start-up expertise we have in Waterloo,” said Ted McKechnie of the Davies Group of Companies, former president of Maple Leaf Foods, and the current chair of CTFF. “We’ll work with industry partners to identify challenges and opportunities for improvement. Then we’ll match that industry partner with a consortium of solution providers to build an answer to that challenge. When the solution has potential to benefit the rest of the industry, we’ll work with the Accelerator Centre to commercialize the technology and grow the business.”

The CTFF will be located at the Waterloo Accelerator Centre (AC), an award-winning incubation and commercialization facility located in Waterloo’s David Johnston Research + Technology Park. The AC assists entrepreneurs and early stage companies in commercializing their technologies and establishing market traction, through an up to three year program provides business advisory, mentorship, education, connections to capital and other partners and commercialization expertise.

“We are extremely excited to play a leadership role in this important partnership,” says Tim Ellis, CEO of the Waterloo Accelerator Centre and Accelerator Program. “Every day within our facility we are inspired by the creative thinking of entrepreneurs and start-ups who apply out of the box thinking, fearlessness and creativity to solve economic and business challenges. Canada’s Technology for Food brings an industry with significant economic impact in Ontario and a new sphere of opportunities into the mix. I’m really looking forward to fostering some new innovative companies who I know will bring exciting new answers to the challenges facing our food and beverage processing industry today.”

Among the founding members of the CTFF are:

Founding Partners:

The Waterloo Accelerator Centre
The City of Waterloo

Academic Institutions:

The University of Guelph
Conestoga College
University of Waterloo
Wilfrid Laurier University
Niagara College

Food and Beverage Companies:

Piller’s Fine Foods
Brick Brewery Co Ltd
Conestoga Meat Packers

Fabricators:

KL Products Inc
Cambridge Metal Products Inc (CPM)

About the Accelerator Centre

The Accelerator Centre, located within Waterloo’s David Johnston Research + Technology Park, is a world-renowned, award-winning facility dedicated to developing and commercializing technology start-ups. Through its Accelerator Program, early-stage companies benefit from in-depth business coaching and seamless support services, including access to office facilities, coaching and mentoring, education, connections to capital, networking, R&D support and outreach, talent recruitment, technology transfer assistance, and commercialization expertise, enabling technology start-ups to move to market faster, create jobs and stimulate economic activity.

About the Waterloo Economic Development Committee:

The City of Waterloo’s economic development committee advises council on policies that are consistent with the intent of their economic development program. Led by members of the public, the committee also facilitates a number of activities including providing the economic development division with information and intelligence on the community’s markets, labour force, and industrial and commercial sites. It also acts as a resource to businesses to assist in feasibility assessments, proposals to council and other initiatives and provides input to council on matters of industrial and commercial requirements, zoning, transportation, utility services, tax implications and industrial land sales and acquisition policy

Follow the Accelerator Centre online:
@AC_Waterloo
Facebook

Follow the City of Waterloo online:
@CityWaterloo

For further information, please contact:
Ellyn Winters-Robinson
Communications Advisor
Accelerator Centre
519-624-2402
ewinters-robinson@acceleratorcentre.com
@ellynjane

Megan Harris
Director, Communications
City of Waterloo
518-747-8513
megan.harris@waterloo.ca

New building aims to take tech firms to next level

Tim Ellis sees it every time a startup packs its bags and leaves the business incubator he runs in Waterloo.

The dreaded M-word – moving – keeps him awake at night and messes with his mandate.

His job is to remove barriers for young companies. But at the point when they’re just starting to take off, moving can be a real momentum-buster, said the chief executive officer of the Accelerator Centre.

Headaches such as finding a new office, setting the terms of the lease and securing enough parking slow down startups at the worst possible time, said Ellis.

“It delays the companies,” he said. “When they leave here, there is a blip, like a stock chart where things drop. We want to eliminate that.”

Ellis hopes he found the solution to this dilemma in a new building planned for the David Johnston Research & Technology Park, where the Accelerator Centre is located.

The three-storey, 115,000-square-foot building will welcome graduates of the Accelerator Centre program and a mix of other selected tenants, including foreign companies looking to dip a toe in the waters of Waterloo Region.

Many of the graduating companies of the Accelerator Centre, and its offshoots at the Communitech Hub in Kitchener and the Stratford Accelerator Centre, want to replicate the shared environment offered by the program, said Ellis.

The new building will attempt to recreate that ambience of collaboration without most of the mentoring, coaching and other formal programming offered by the Accelerator Centre itself, he said.

Instead of removing grads from the entire tree, “We want to push them out of the nest into a branch of the tree,” Ellis said.

A date has not been set for the start of construction because stakeholders are still deliberating about the right mix of occupants.

The aim is not just to fill up the building with tenants, said Carol Stewart, manager of the research park.

“You can’t just go out and be straight real estate. You have to be laser-focused” on finding the right tenants, she said.

The plan is to have the $30-million building ready for occupancy in 2015, said Adrian Conrad, president of Cora Developments, which will construct the facility.

“We want to make sure we get the right package (of occupants) before we start,” he said.

It will be located at 435 Wes Graham Way on the same roundabout occupied by Sybase and a Cora-owned building housing Agfa Healthcare, Enflick and Cisco Systems.

The new building has tentatively been dubbed the International Business Centre because it will offer Accelerator Centre programming that focuses on helping tenants scale globally, said Ellis.

Current tenants of the Accelerator Centre are too young to expand internationally, but once they leave the nest they could use some assistance and coaching in that regard, he said.

As well, the park occasionally gets inquiries from international companies looking to establish a small presence in the region in the kind of collaborative and flexible setting offered by the Accelerator Centre, said Stewart.

Another tenant in the new building likely will be Capacity Waterloo Region, which helps non-profit organizations find new ways to raise funding and create social enterprises.

Capacity Waterloo Region is housed in the Accelerator Centre building, but is looking to expand as it works on a new concept to support social innovators, said Ellis.

“They love being with the entrepreneurs and they don’t want to change that.”

The innovative “collision” between the profit and non-profit sectors is one of the things that work well in the Accelerator Centre, he said.

The units in the International Building Centre will be larger than those in the Accelerator Centre, but still compact in size at about 1,500 to 7,500 square feet, and will lease for three years or less to give tenants more flexibility, said Ellis.

Leases in privately owned buildings in the region typically start at three years. The norm is at least five years for an existing building and 10 to 15 years for a new building, said Conrad.

The International Business Centre will be the 10th building to go up in the research park since it was launched 10 years ago as a joint venture by the University of Waterloo, government and the private sector.

Located north of Columbia Street on the north part of the UW campus, the purpose of the 40-hectare park was to attract private tenants looking to capitalize on the university’s top-flight graduates in math, computer science and engineering and to build this area’s knowledge economy.

Other buildings in the park include Sybase, two OpenText facilities, the InnoTech building which is leased to BlackBerry, the Accelerator Building, the TechTown service centre, two research advancement centres owned by UW and a Cora-owned building that houses Agfa and other tenants.

UW owns the land and leases it to private-sector developers such as Cora, which has already erected three buildings in the park.

Besides the International Business Centre, the technology park has room for three more buildings in the first phase of its development, said Stewart.

The smaller phase-two section consists of about 28 hectares between Sybase and Bearinger Road. The number of buildings to be established there hasn’t been determined yet.

“There’s a whole lot of planning we have to do yet for that,” said Stewart.

One of the objectives of the International Business Centre is to nurture the kind of larger enterprise that will want to occupy future buildings in Johnston Park, said Ellis.

“If we build the right culture in the park, they will want to stay in the park.”

Waterloo North Hydro Invests in Eyedro Green Solutions Inc.

Waterloo North Hydro today announced it has invested in Eyedro Green Solutions Inc. eyedro.com, a local software and electronics design company that helps consumers better understand their electricity usage and help them reduce costs.

Through its holding company, Waterloo North Hydro purchased 23 per cent of Eyedro with an option to purchase an additional 10 per cent within a year.

“This is an important strategic investment for us,” said Tim Jackson, Chair of Waterloo North Hydro’s Business Development Committee. “It aligns well with our goals of being a leader in the energy industry and seeking investments that create value for our customers and shareholders over the long term.”

Eyedro is a privately-owned company with a focus on affordable energy management products. Their flagship electricity monitoring products allow consumers to visualize electricity usage in real time which helps them identify waste and reduce electricity consumption and costs.

“One of the few tools available to homeowners and businesses is to monitor electricity usage,” said Trevor Orton, CEO and Co-Founder of Eyedro. “Smart meters are a good start, but real time information is the goal. We are very pleased to be associated with a long standing and reputable company such as Waterloo North Hydro.”

Eyedro is one of the startup companies participating in the Waterloo Accelerator Program and is based at the Communitech Hub. With this new funding, Eyedro plans to accelerate growth of its product development and sales teams. The capital will also allow the company to focus on value-add partnerships with other complementary energy saving products.

“Eyedro is offering a unique and low cost solution to help consumers better manage their energy usage and reduce costs” said Rene Gatien, President and CEO of Waterloo North Hydro Holding Corporation. “There is a growing need for Eyedro’s products due to the increasing cost of energy and conservation initiatives being introduced by various jurisdictions including Ontario. We are very excited to be part of the Eyedro team.”

Waterloo North Hydro Holding Corporation is a holding company that owns Waterloo North Hydro Inc., the local distribution company and is jointly owned by the City of Waterloo, The Township of Wellesley and the Township of Woolwich.

For further details, please contact:

Waterloo North Hydro Holding Corporation
Rene Gatien, President & CEO
rgatien@wnhydro.com
519-886-5090

Eyedro Green Solutions Inc.
Trevor Orton, Co-Founder & CEO
torton@eyedro.com
226-499-0944 x220
eyedro.com & myFreeMonitor.com

Staying Secure Online

TitanFile Inc., the developer of a secure collaboration and document-sharing system, has unveiled new features for its product, including the TitanFile Secure Deposit Box, which makes it even easier and safer for clients to receive communications.

Based in Halifax and Kitchener, TitanFile began two years ago as a secure document-sharing platform and launched a new version last autumn that stressed ease of use and flexibility so it could operate seamlessly with other products on any device.  The company is now enhancing that most recent version by adding new features.

The big advance is the Secure Deposit Box, which gives client organizations a web page that serves as an online repository for their files and messages.  Rather than having clients with sensitive, time-critical messages send their correspondence and files as emails, which can end up in a spam folder, the deposit box ensures that all messages end up in a secure place, where they are organized and viewed only by the appropriate people.

What’s more, TitanFile is also introducing a feature that allows people to access files in TitanFile channels (including the deposit box) without registering.  That means TitanFile users can initiate contact with their clients, collaborate and share documents with them, without requiring that they go through the bother of registering.

“The Secure Deposit Box reduces the number of steps (needed to communicate) and makes it easier for our clients to initiate contact with their customers,” CEO Tony Abou-Assaleh said in an interview.  “It was driven by the demand of our clients.”

He added that clients have various requirements in terms of security and often have to apply different levels of security to one document, depending on whom they are sharing it with.  The new TitanFile features allow them to tweak the application easily to suit their needs.

The other features in this release include:

  • Blind Carbon Channel – This lets the TitanFile client see all conversations and files being shared in a specific channel but denies such a privilege to other people accessing the channel.
  • Safe Notification – This allows clients to use TitanFile to send emails that have been stripped of all private content to protect confidential details. This feature helps organizations comply with regulations by keeping sensitive information out of potentially unsecured email accounts.
  • Open Invitation – This function allows the TitanFile client to easily add or remove people from a channel, allowing greater flexibility when collaborating.

Safe Notification and Open Invitation are available to all subscribers, while the other new features are open only to enterprise subscribers.

Co-founded by Abou-Assaleh and Milan Vrekic (now the executive director of co-working space Volta in Halifax), TitanFile raised $250,000 in seed funding from Innovacorp in 2011, and last year raised more than $800,000 from Innovacorp, the First Angel Network and private investors. It also borrowed about $400,000 from the Atlantic Canada Opportunities Agency last year.

Abou-Assaleh said TitanFile will likely raise money again later this year, though it has not set a target yet.

Source: logo-halifax-herald.gif
May 6, 2013

CDMN Announces 2013 Moonshot Award Winners

Accelerator Program Graduates: Axonify, Magnet Forensics Inc. and Miovision Technologies were recognized at the CDMN Canada 3.0 2013

Today, the Canadian Digital Media Network (CDMN) announced the winners of the inaugural CDMN Moonshot Awards. The four winning Canadian digital media companies were honoured at CDMN’s Canada 3.0 conference, taking place today and tomorrow at the Metro Toronto Convention Centre.

The Awards, presented in four categories, were developed to recognize Canadian companies that create jobs and wealth for Canada through innovation in digital media. The Moonshot Awards also acknowledge companies that contribute to the Canada 3.0 “Moonshot Goal: that anyone can do anything online by the year 2017.”

The Honourable Reza Moridi, Minister of Research and Innovation, was on hand to congratulate the companies. “The Moonshot awards recognize trailblazing companies who are pushing boundaries and boosting the economy with innovation in digital media. I was pleased to see so many companies from Ontario among the nominees, and proud that the four winning digital media firms are based in Ontario. I want the world’s next biggest tech company to be built here – and I know we’ll get there thanks to innovators like those recognized by these awards.”

The winners were selected from 15 finalists from more than 30 submissions from across Canada. “It was an incredibly tough decision,” said Dr. Kevin Tuer, CDMN Managing Director and Awards Judge. “The innovation and technological creativity coming out of Canada is truly inspiring. It’s critical that we continue fostering and recognizing the abundance of talent in Canada with awards like these.”

The CDMN Digital Media Dynamic Company of the Year award was presented to Magnet Forensics Inc., developer of the Internet Evidence Finder, used by the world’s top law enforcement, military and corporate organizations to recover digital evidence like instant messaging chats, social media artifacts and web history. The award was accepted by Jad Saliba, Founder and CTO, and Adam Belsher, CEO. This award recognizes the Canadian company demonstrating the greatest increase in productivity through the adoption of digital media.

The CDMN Digital Media Globalizer of the Year award was presented to Axonify, an employee training process that is transforming the way corporate enterprises train their employees. This award recognizes a Canadian company that demonstrates the greatest increase in international sales, investments or other contributions to the growth of the Canadian digital media industry internationally.

The CDMN Digital Media Innovator of the Year award was presented to Miovision Technologies, an intelligent solution to address the challenges facing today’s global transportation networks, accomplished through its Adaptive Signal Control, which automatically adjusts traffic signals based on real-time demand of vehicles and pedestrians. The award was accepted by Kevin Madill, Co-Founder of Miovision Technologies. The award recognizes the Canadian company demonstrating the greatest degree of innovation through the adoption of digital media.

Finally, the CDMN Digital Media Company of the Year award was presented to Desire2Learn, also nominated in the Globalizer of the Year category. The award was accepted by Dennis Kavelman, Chief Operating Officer. The award recognizes the Canadian company that made the greatest contributions to the growth of the Canadian digital media industry in 2012/2013.

“The winning companies and all of those nominated clearly demonstrate the creativity and competitiveness of Canadian digital media companies both at home and globally,” said Sid Paquette, Director at OMERS Ventures and a Moonshot Awards judge. “At OMERS Ventures we believe in the development of valuable intellectual property to create prosperity for future generations. The Moonshot Awards provide much-deserved recognition for talented companies who are achieving this goal by creating jobs and wealth, and contributing to Canada’s profile in the ICT and mobile sectors.”

“It was great to be a judge on the Moonshot Awards – an awesome testament to the fact that there are a lot of exciting innovative Canadian companies out there. Our panel had a tough time selecting between the qualified opportunities,” said Terry Stuart, Deloitte Canada’s Chief Innovation Officer and Moonshot Awards judge. “One of the really important awards was the Globalizer of the Year rewarding companies that expand beyond our borders.”

The Award winners were determined by a panel of expert judges including Kevin Newman, CTV Host, W5 Correspondent and Founder of New Man Media; Sid Paquette, Director at OMERS Ventures; Terry Stuart, Deloitte Canada’s Chief Innovation Officer; April Dunford, RocketScope Managing Director and Founder; and Dr. Kevin Tuer, CDMN Managing Director.

About the Canadian Digital Media Network

The Canadian Digital Media Network (CDMN), a federal Centre of Excellence in Commercialization and Research, is dedicated to establishing Canada as a world leader in digital media (ICT + mobile) by creating and enabling connections and collaboration between entrepreneurs, companies, research institutes, government and intermediary organizations across the country. CDMN helps bring more digital media solutions to market to create more companies, jobs and wealth in Canada.

Together, the Network provides access to the knowledge, connections, services and support that digital media companies need to successfully innovate and market themselves at home and abroad. Major initiatives include an exclusive online national collaboration platform; an online Research Portal that provides one-stop access to important information about key digital media issues; the CDMN Soft-Landing Program to drive Canadian success globally; National Tour events enable companies to go global; and CDMN Canada 3.0, Canada’s only national digital media conference focused on the commercialization of innovation. Learn more at www.cdmn.ca or follow @CDMN on Twitter, join the Canadian Digital Media Network Group on LinkedIn, and like the Canadian Digital Media Network Page on Facebook.

SOURCE: The Canadian Digital Media Network

For further information:
Jeri Brown, Media Profile
416-342-1842
jeri.brown@mediaprofile.com