Yin says York Region is truly one of Canada’s key innovation engines and an economic powerhouse. “We gained direct access to a diverse network of government grants, angel investor platforms, venture capital investing, workshops for prototyping and production, testing agencies and support of big multinational corporations,” Yin comments.
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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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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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The most common way for people with visual impairments to navigate outside is through the use of guide canes and raised tactile indicators at intersections. Yu said these devices are more than 100 years old, and there hasn’t been much progress made with alternative solutions, while the Visiontif wearable device is a screen reader for the real world.
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The summit featured an exclusive Pitch Gala where eight companies vie for a chance to win a collective $50,000 in non-dilutive cash prizes to further advance research and scale operations.
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At ventureLAB’s third HardTech Summit, speakers discussed challenges and opportunities facing deep technology startups across the country and offered entrepreneurs advice on navigating them.
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PharmaGuide patient portal, PharmaVisionAI, aims to ease the administrative burden faced by physicians in the Canadian health care system by using technology to facilitate drug coverage processes.
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Founded in 2016, Snappy offers restaurant management technology for customer touchpoints including point-of-sale, online orders, loyalty programs, reservations, waitlists, and custom-branded mobile apps and websites.
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ventureLAB’s VP of the Hardware Catalyst Initiative, Avinash Persaud, took on the role of moderator for a thought-provoking panel discussion “Sustainable Semiconductor Solutions with AI” at Elevate Festival 2023.
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Across the country, organizations are pushing for greater gender diversity to support women’s participation in the tech sector. VentureLAB’s Tech Undivided program and the federal government’s Women Entrepreneurship Strategy (WES) are among the initiatives helping women entrepreneurs grow and scale their businesses.
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“On behalf of the Board of Directors, it is our pleasure to welcome Hugh to the dynamic ventureLAB team,” said Yalda Riahi, Chair of ventureLAB’s Board of Directors. “We believe that Hugh’s unique expertise in many of the technology-centric sectors will help move us to the next chapter of helping Canadian companies succeed globally. We also believe his leadership will contribute significantly to Canada’s goal of solidifying our position in key high-value industries, including semiconductors, AI and medtech.”
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The network, the organization said in a release issued at Collision 2023 in Toronto, “catalyzes investments in the Canadian hardware and deep-tech sectors,” through the raising of capital and development of third-party partnerships for startups.
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