The selection process for cohort 7 was highly competitive, including a rigorous bootcamp to ensure the selected companies were primed for success in the hardware industry, which is notoriously known for long lead times for product validation and securing investment.
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ventureLAB is proud to announce the 3rd cohort of the Accelerate AI program. This transformative 6-month program is designed to champion the growth and scaling of AI startups, empowering them to deliver cutting-edge solutions and applications that tackle the challenges in the modern industry!
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$4.5 million for the next phase of the Hardware Catalyst Initiative, supporting 30 technology companies while creating and maintaining over 170 jobs in southern Ontario.
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It is no secret that the way people and goods move is changing. From the transition to hybrid or fully-electric cars to better the environment or drone delivery to support hospital capacity, there is no shortage of examples of ways innovation is propelling sustainability in our communities and moving us forward.
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The City of Markham and City of Vaughan, with funding from the Ontario Government through Ontario Vehicle Innovation Network (OVIN), officially launched the Demonstration Zone and are now inviting businesses to apply to demonstrate their mobility technologies. The first round of selected businesses will pilot their technologies in early 2024.
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Most of the team members call York Region home. “This allowed us to centrally serve customers across GTA and beyond, enabling consumers to buy and sell cars with just a click,” Ng explains. “Carity introduced an industry-first profit-sharing car selling program, which allows consumers to share in the profits when Carity resells their vehicle, while also guaranteeing a selling price and offering upfront payments.”
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Martinrea and Yamada have signed a memorandum of understanding allowing the two entities to work together in the Japanese market.
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The finished seats have the look and feel of seating materials that meet industry standards, while significantly reducing the environmental impact, Magna officials said.
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There were 19 York Region-based business to make the list.
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The new space provides 25,000 square feet of contiguous space with superior utility infrastructure and a modern office complex that is expected to improve operational efficiencies and enhance custom service.
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York Region Economic Development was out in full force at the Automotive Parts Manufacturers’ Association (APMA) 71st Annual Conference on September 26th as title sponsor, alongside the City of Vaughan to promote our thriving auto sector.
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The OVIN Demonstration Zone will give Ontario small and medium-sized businesses real-world environments to pilot and demonstrate innovative automotive and mobility solutions, including electric vehicle technologies, shared and integrated mobility solutions, robotics, and connected and autonomous vehicle technologies.
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York Region is a leading jurisdiction in Canada’s automotive technology industry. Among others it is home to 250+ sector related companies, Canada’s largest independent auto parts and electronics manufacturing cluster, global headquarters of 3 of the 5 largest Canadian auto parts companies and location of the largest corporate automotive innovation hub in the country.
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With a combination of an industry-leading auto parts manufacturing base, a high concentration of automotive head offices and an Autotech ecosystem building for the future of transportation. York Region’s automotive sector is well-positioned to continue to innovate and make substantial contributions to Canada’s and North America’s automotive industry of the future.
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The technological capabilities of York Region’s Autotech ecosystem are unmatched when compared to other leading Autotech jurisdictions across North America (Trillium Network for Advanced Manufacturing, Western University), making it an ideal location for current and future automotive sector players.
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“York Region is home to one of the largest and most comprehensive auto tech ecosystems in North America.” — Brendan Sweeney, Managing Director, Trillium Network for Advanced Manufacturing
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