Tag: RENOMii

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Nicoya Lifesciences, RENOMii and TeTechS Graduate

IMG_20150618_103540Continuing to build on our track record of transforming start-ups into world-class technology businesses, the AC is pleased to announce the graduation of Nicoya Lifesciences, RENOMii and TeTechS from our rigorous incubation program.

Nicoya Lifesciences is leveraging the power and potential of nanotechnology to create affordable analysis instrumentation for medical researchers. Founded by University of Waterloo researcher Ryan Denomme, Nicoya’s OpenSPR personal label-free biomolecular analysis instrument is easy to use, compact and affordable, making it highly accessible equipment for any lab to own.

For contractors and renovators, RENOMii has created a simple-to-use web app to manage and track change order requests and client communication. The company is the brainchild of co-founders Scott Barker and Kara Smith, who realized that home renovators were missing a simple-to-use tool to eliminate most of the stress created by miscommunication between contractors and their clients. The RENOMii team has recently teamed up with Home Hardware Stores Ltd., to offer the RENOMii software program in Home Hardware stores across Canada.

The terahertz vision sensor technology of TeTechS uses terahertz waves to find previously undetectable objects and defects in advanced manufacturing processes, solving customer problems that cannot be addressed using visible, infrared and x-ray vision sensors. Founded by University of Waterloo PhD, Daryoosh Saeedkia, TeTechS was recently nominated for a 2015 Business Innovation Award by the Greater Kitchener-Waterloo Chamber of Commerce. The company’s terahertz sensors will also soon be featured on Discovery Channel’s How It’s Made program.

“Once again we are graduating companies from our program that represent a wide diversity of technologies and industries,” says Paul Salvini, CEO of the Accelerator Centre. “While the industries served and problems addressed by Nicoya, RENOMii and TeTechS are vastly different, each company has leveraged their experience at the Accelerator Centre to build a strong and sustainable business, with the potential for large-scale growth and impact.”

The AC is dedicated to building and commercializing technology start-ups. We provide an essential combination of mentorship, educational programming, professional office space, networking, and access to funding, with a goal of building successful companies. Over a two- to three-year period, we help entrepreneurs move from start-up to scale-up, accelerate their time to market, and attract customers, investment and revenue.

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The Accelerator Centre, Clients and Graduates Fill the Pages of the New 2014 Waterloo Region Record Technology Spotlight

techThe latest Technology Spotlight hit the streets this week in Waterloo Region, and the Accelerator Centre along with its Clients and Graduates fill the issue’s pages with stories of startup life and business success.

This year’s edition features interviews with AC CEO Paul Salvini and Board Chair/Angel Investor Michael Stork. It also includes stories on companies who have benefited from the AC’s incubation services including AntVibes, Universal Quantum Devices (UQD) (a startup out of the Institute of Quantum Computing), MyLocal, Tyromer and RENOMii, along with features on AC Graduates Axonify, Clearpath Robotics, CrossChasm, DeepTrekker, Primal Fusion, InfiniDy, LoyaltyMatch, Kik, and Trustpoint Innovation Technologies.

“With an estimated 1000 startups in the Region, it is quite an accomplishment to have 14 of the 22 featured companies in this Tech Spotlight connected to the Accelerator Centre,” says AC CEO Paul Salvini. “We often talk about the impact our Client companies and Graduates are having on the Waterloo Region economy, creating thousands of jobs and generating hundreds of millions in revenue and investment. But to see the stories behind those numbers come to life on the pages of the Technology Spotlight has our team brimming with pride.

“Our staff and world-class mentors work hard to develop and deliver the highest quality programming for our Clients. The ultimate measure of our success as an accelerator is the economic impact of its clients. This year’s Technology Spotlight clearly shows that we’re on the right track.”

A hard copy of the 2014 Tech Spotlight was distributed to the Waterloo Region Record’s readership along with the paper this week. If you missed it, a digital version of the Tech Spotlight can be accessed online.

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AC Client RENOMii featured on CBC News

It’s a problem that anyone who has ever renovated a house has likely faced – a final bill that’s drastically different from what was originally quoted, and no clue as where the extra charges come from.

Now, a Kitchener-based company is working to fix that problem with a new software program called Renomii (said Reno-me).

Scott Barker, the company’s CEO and co-founder, along with CFO Kara Smith, spent six years in the construction industry, most of that time as a project manager for a contractor. After a particuarly bad job experience, he thought up Renomii as a way to bridge the communications gap between clients and contractors, and pitched it to the Hyperdrive incubator at Communitech.

“It keeps both parties up to date, it keeps them both accountable for pricing and an approved changes that happen within the project itself. Our software basically allows them to have binding contracts every time a change has been made,” said Barker.

The original contract between the client and contractor is uploaded to Renomii and then the homeowner must confirm it. After that, every time a contractor makes a change, like different cabinet doors or a new countertop, they document the change in Renomii. The client and the contractor must sign off on it. At the end of a job, all of the requested changes are detailed, a move that helps protect both parties.

To read the full interview and learn more about the company click here.