How SmartAd is Turning Science Fiction into Reality

Why facial recognition means a better customer experience

In the movie Minority Report, Tom Cruise walks through a mall, past a series of translucent screens all displaying highly targeted ads, personalized specifically for him.

 

Of course, targeted ads aren’t new; personalized mailers have existed for decades and targeting is becoming increasingly prevalent online. But so far, it’s something that has remained outside of public spaces, like malls, banks, and retailers.

Hamzeh Al Fuqha, CEO of SmartAd, wants to change that. His company, a recent recipient of funding through AC JumpStart, has developed facial recognition software that can identify factors like the age, gender, and even emotional response of viewers, allowing advertising to dynamically adjust to suit the viewer.

But unlike the advertisers in Minority Report, SmartAd doesn’t want to know who you are, but simply to analyze a few details to help ensure the content you see is relevant to you. The data is anonymous, but the impact is big: viewers get a more relevant experience and advertisers get a better sense of what’s working for different demographics.

Al Fuqha was recently interviewed on CBC Radio. Click here to listen to the broadcast and learn more about this incredible technology.

First AC JumpStart Cohort Announced

AC JumpStart banner

Seventeen early stage companies to benefit from critical seed capital injection and world-class mentorship

The Accelerator Centre® (AC) is proud to announce its first AC JumpStart cohort, the first group of companies to benefit from the $8M funding program, announced January 15th in conjunction with the Federal Economic Development Agency (FedDev Ontario), and partners Conestoga College, the University of Waterloo and Wilfrid Laurier University.

Companies joining the first AC JumpStart Cohort are:

Quick Facts about AC JumpStart

  • Each member of the AC JumpStart first cohort will receive $30,000 in seed capital (to be matched by the recipient firms), mentorship from experts in finance, sales, marketing, human resources, technology and product development, access to market research and connections to investors, with services to be delivered over a 12 month period.
  • This is the first of three cohorts of companies to participate in the program in 2015, followed by two cohorts annually through to the end of 2018.
  • In total, it is expected that 180 companies will participate in the AC JumpStart program over the next four years.
  • Start-ups participating in the 2013 AC JumpStart pilot program have created 212 new jobs in Waterloo Region, have generated $3.1 million in combined revenue and are expected to raise $5 million in private investment.