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Financial District : Innovation + Job News

141 Financial District Articles | Page: | Show All

George Brown will open video games incubator in September, serving 10 startups at a time

The video gaming industry in Toronto is taking off. In the same month that Facebook gaming application Zynga bought the local studio FiveMobile and announced they'd be setting up their first Canadian office here, one of the city's large educational institutions decided to give the industry a boost.

Last week George Brown College outlined plans to set up a gaming industry incubator at their facility at 333 King West in downtown Toronto. "With the growth rate in the gaming sector in Ontario predicted to reach 31 per cent over the next three years, according to the Entertainment Software Association of Canada, George Brown College is an a perfect position to provide a leadership role in nurturing the talent in this industry," said Anne Sado, President of George Brown College, in her announcement.

The new incubator will have space for up to 10 companies at a time in 100-150-square-foot office spaces. The school plans to mingle startups with its students in order to see if the arrangement benefit both.

Writer: Edward Keenan
Source: Brock Penner for George Brown College

Medical research database startup 1DegreeBio prepares to expand with investment from Digital Science

Earlier this year, we wrote about medical research database startup 1DegreeBio, founded by Alex Hodgson to bring some of the advantages of the open-source, social media and online research worlds to the sphere of antibody research. 1DegreeBio's platform allows researchers to access research and reviews of commercially available antibodies from other researchers around the world instantly. As Hodgson said then, she's dedicated to the proposition that "you can't do great research with crap antibodies."

Last week, as the company celebrated it's first anniversary in business, they received investment money from Digital Science, a research publishing company that is a division of Macmillan Publishers. Digital Science is based in London, UK (with offices in New York and Tokyo) and has been building a portfolio of research software companies. A company spokesperson said in a statement that 1DegreeBio provided a very necessary service to the research community the company aims to serve and therefore made a valuable addition to Digital Science's group of global partners.

Locally, 1DegreeBio Managing Director Hodgson greeted the investment in a statement saying that the money would allow her organization to continue to grow. "This partnership will allow us to expand our platform to make it even easier for the scientific community to connect with top-quality antibodies." She added that the company will soon expand its product offering to include other products.

Since launching a year ago, 1DegreeBio has built a database that lists over 500,000 available antibodies available from over 900 suppliers. Their system of encouraging informed product reviews--a novelty in the medical research field--has generated over 40,000 unique visits to their website.

Writer: Edward Keenan
Sources: Kaitlin Thaney, Digital Science; Alex Hodgson, 1DegreeBio

Innovative public health site joinstemcellcity.com launches in Toronto to rally support for research

Earlier this month, the McEwan Centre for Regenerative Medicine in Toronto launched an innovative new approach to raising awareness of the need for stem cell research and to generate support for regenerative medicine: a website called joinstemcellcity.com.

The website will use social media tools--updates on new discoveries and devlopments in research, a "join the community" approach to recruiting and educating supporters, and functions that allow people to direct their support to specific areas of research--to create public support for the field. Cheryl McEwan, a founder of the McEwan Centre for Regenerative Medicine, said in a statement announcing the project that it would allow users to "Stand up and be counted as an informed Canadian who believes that stem cell research will help us achieve a future free of many of the diseases that continue to devastate us all."

Organizers told reporters that they had noted that public support is a key element in attracting both private donations and public grants, and said the site will serve the purpose of both raising awareness that supports research in general and in generating private donations.

Writer: Edward Keenan
Sources: Stacy O'Rourke, for the McEwan Centre; The Globe and Mail

A.U.G. Signals lands $2.9 million investment in water contamination detection system, will hire 100

Last month, the Financial District company A.U.G. Signals secured an investment of almost $2.90 million from the Ontario Ministry of Research and Innovation's Innovation Demonstration Fund to support its early-warning system to detect contaminants in drinking water. Company CEO Dr. George Lampropoulos says the new technology will lead to the hiring of more than 100 new staff at the company's Toronto manufacturing facility to develop and market the product.

Founded in 1986, A.U.G. Signals is an R&D company that focusses on monitoring and data collection and management whose products have found applications in a range of areas including national defence, natural resource exploration and environmental monitoring. Headquartered in downtown Toronto, the company now has offices in China, Greece and the United States as well.

The provincial investment will support a monitoring technology that Lampropoulos says is the first to provide real-time online reporting on contaminated water in municipal systems. Traditionally, as is the case in the city of Toronto right now, water is monitored by random sampling with report times of up to several weeks, which means that acute threats may not be discovered until after they prove deadly.

The pilot project was first developed in partnership with the city of Edmonton, and has already been deployed in London, Ontario. He says he's going to Beijing this week to negotiate a potential $200 million contract for the system, and is also in negotiations with the cities of Shanghai, York Region and Toronto.

Writer: Edward Keenan
Source: Dr. George Lampropoulos, CEO, A.U.G. Signals


Local solar power companies AMP and Potentia team up to land 20-year school board contract

A contract awarded to AMP Solar LP, a joint partnership between Port Credit's AMP Solar Group and downtown Toronto firm Potentia Solar to provide rooftop solar installations on 450 Toronto schools is "history making," according to AMP Solar Group president Dave Rogers, who reports that his company is honoured to have received the award.

Toronto District School Board (TDSB) representatives, in a release announcing the project, agree, noting that at 66 megawatts, the size of this project makes it the largest rooftop educational solar project in Canada and leads the way for institutional North American projects to come. TDSB Director of Education Chris Spence calls the project "groundbreaking."

The project will retrofit school roofs that are due for repairs with solar panels that will in turn feed into the grid, their energy sold to the provincial electricity provider under the province's FIT program. The program costs the school board nothing, as it is financed through the sale of the energy produced.

Writer: Edward Keenan

Source: Steve Shaefer, AMP Solar Group


Ontario Institute for Cancer Research spins off 3 cancer-fighting companies

Three new Toronto anti-cancer research companies were launched last month with investments from the Ontario Institute for Cancer Research (OICR). Frank Stonebanks, the organization's VP Commercialization said in an announcement that the new companies are among the "most promising new approaches" to the age-old fight against cancer.

TORCell Therapeutics, created by the University Health Network (UHN) and OICR, will focus on its first human clinical trials for a new treatment for acute myeloid leukemia.

DLVR Therapeutics, also a partnership between OICR and the UHN will take a potentially safer and more effective chemotherapy treatment developed by UHN doctor Gang Zheng and further develop the therapy.

Harmonic Medical, founded out of Sunnybrook Hospital, will perfect a prototype ultrasound therapy to destroy cancer cells and bring it to clinical trials.

"These three companies represent the best in Ontario innovation," provincial Innovation Minister Glen Murray said in a statement. Murray also said the investment in these companies will create "high-quality jobs" for researchers.

Writer: Edward Keenan

Source: Rhea Cohen, Director of Communications, OICR


Ryerson-based budget app-maker Spenz launches at prestigious TechCrunch event

Spenz, a downtown Toronto startup that has created a personal budgeting app for the iPhone and the web, officially launched late last month at the prestigious TechCrunch Disrupt Battlefield event in New York City. After competing with almost 1,000 other companies to be included in the event, Spenz was the only Canadian company accepted.

The company was founded by Justin Hein and Pavel Choulguine in November 2010. They secured angel financing and moved into space at Ryerson's Digital Media Zone, and wound up growing their team to nine staff members in a little over six months.

According to Hein, "Spenz started off slow, with bumpy design, slow development and lost business guys. We were building a business model, coming up with feature sets and constantly changing what Spenz was." In a news release, he added that the Disrupt launch, "was grueling but ultimately rewarding that the judges view Spenz with the same enthusiasm as our investors and team do."

The company claims to offer many more features than standard budgeting applications, with an intuitive back-end that anticipates tags and inputs users will need. Most transactions reportedly take less than three seconds to enter, a major benefit in the market, and the program features a competitive game-like incentive system.

Next up, the company is pursuing another round of financing while it develops its application for the Blackberry, Android and other mobile platforms.


Writer: Edward Keenan

Source: Calvin Sribniak-Jones, Director of Marketing, Spenz


Launched this spring, video comment innovators Viafoura win pitch-off competition and add a staffer

In September 2009, sports fan Jesse S. Moeinifar was listening to a radio talk show debate an essential boxing question: Mike Tyson or Muhammed Ali? "I tried calling in to share my opinion, and I was put on hold for 45 minutes, then nothing. I decided to put together a company that meets the challenge of communication between news organizations and their consumers."

The result, Viafoura, was incubated at MaRS and recently moved into Ryerson's DMZ. Moeinifar says the coding took some time to perfect,but his product--a user engagement platform that allows users to interact with content providers through video, text and video debate--has recently gained notice for its innovation. After launching at the prestigious DEMO conference in California, Viafoura gained notice in the New York Times, among other publications (you can see their launch presentation here).

"Before we even got off the stage, we had six emails from news organizations around the world interested in our product," Moeinifar says. And the momentum continues to grow. After adding a staffer this spring, the company (now three employees strong) recently won the Canada 3.0 pitch-off competition.

The next step? "It pretty much comes down to getting the product out there," Moeinifar says. "Having the product really speaks for itself."

Writer: Edward Keenan
Source: Jesse S. Moeinifar, Founder and CEO, Viafoura

Toronto education innovators JUMP math draw notice for making math easy

John Mighton, founder of Toronto-based non-profit company JUMP math, says that in his youth he had trouble with mathematics. It was only in his twenties that, doing remedial high-school work, he found it somewhat easier. He wound up getting a doctorate in mathematics in his thirties.

At the time he was a playwright, and so he started tutoring math students to make extra money, he says, and found that students who had previously struggled could learn using his method, which breaks math down into smaller steps to ensure mastery at incremental levels, suddenly excelled. "I found it in myself. I'd always assume I had reached a limit when I came to something new and difficult," he says. "Later, I could teach a course on the material I struggled with."

His method, begun as a workbook-based tutoring system, is now slowly spreading throughout schools in Canada and England. Working with a skeletal staff of 10 in his Toronto office, a growing teacher network has enabled rapid growth in the company's business. "We'll train 2,000 teachers this year, and then they often train other teachers," Mighton says. "Building a teacher network is a very cost-effective method of expanding quickly."

Mighton says that now that a randomized controlled study conducted by Sick Kids' Hospital (noted recently in The New York Times) has demonstrated JUMP math can double a students learning growth over five months, the rate of expansion is expected to grow. "The economic and spiritual loss to our country through innumeracy in the population is vast," Mighton says. "And our program is cheaper than other programs. An investment from a corporate partner or a few large donors could in a very short time mean we could reach every school in the country. The gain to our economy and culture would be tremendous."

Writer: Edward Keenan
Source: John Mighton, Founder, JUMP math

Health system innovators Patient Order Sets hiring 8 after landing new investment

The innovative healthcare administrative system provider PatientOrderSets.com announced last week that it had received a $750,000 investment from HTX to merge its data platform with computerized health records platforms. A spokesperson for the company says he expects this will lead to the immediate-term hiring of eight new staff at the company.

The announcement comes on the heels of news earlier this month that Patient Order Sets had landed a contract to provide services to five more Toronto area hospitals, bringing the number of hospital clients they serve to approximately 150 across Canada.

The company was founded in 2006 by Dr. Chris O'Conner, a critical ICU physician at Trillium Health Centre, who recognized that there was a need for order sets in the hospital. Order sets are, a spokesperson explains, standardized checklists or patient protocols to go down, with default responses available. The computerized system ensures best practices are followed, and eliminates much of the need for illegible scrawled orders.

Today the system makes the order sets of all member institutions available to all members so that best practices from across the field can be adopted. "PatientOrderSets creates a mechanism for multi-disciplinary, evidence-based policy and integrates all stakeholders during order set development, which encourages clinician buy-in and support," O'Connor says.

Writer: Edward Keenan
Source: Sachin Aggarwal, PatientOrderSets.com


New mobile app MyVoice developed at U of T gives speech to disabled

According to MyVoice CEO Alexander Levy, more than 90 per cent of people with communication impairments use primitive aids to help them--or no aids at all. His company hopes to change that with its launch last week of a new mobile application that Levy says will be accessible to anyone with communication challenges.

Yonge Street saw a demonstration of the product earlier this year at a mobile innovation event at MaRS where Minister of Innovation Glen Murray raved that it would transform the lives of some of his friends. It is a location-aware speech aid that offers users a menu of phrases likely to be of use. At Tim Hortons, for instance, it would offer up such phrases as "Tim Bits" and "Double-Double."

The application was developed at the University of Toronto, with investment from Google, Android and NERC. Whereas traditional communication aids cost tens of thousands of dollars, according to the company, MyVoice will be free to try and a full version will cost about $30 per month. It is available on both Android phones and the iPhone.

Writer: Edward Keenan
Source: Andrew Rusk, MyVoice

Solar Energy installation at Trinity college will fund student aid programs

It was $250,000 in student fundraising that got Trinity College's solar panel development started, and soon they will been giving money back to students as an innovative--and sustainable--source of student aid funding.

The 252 solar panels installed on the roof of the school by a team led by consultant Oxtoby of CarbonFree Technology, which were unveiled last week, are a direct result of a student fundraising drive in 2007 that generated $250,000. An additional $262,000 for the project was provided as an interest-free loan from the City of Toronto. Now that the panels are plugged into the grid, generating revenue for the school through the province's feed-in-tarrif program, the school estimates it will repay those loans in approximately 12 years.

After that, the revenue generated by the panels will be used to fund student aid at the school. They will generate approximately 67,000 kiloWatt hours per year of sustainable energy.

Writer: Edward Keenan
Source: David Oxtoby, CarbonFree Technoloy

Ryerson startup HitSend Inc. hires new staff, named "one to watch"

In a report released last week called Toronto: Canada's High Tech Hub (PDF), the city's Economic Development and Culture staff reported that Toronto remains Canada's digital innovation capital, home to 30% of the country's ICT sector. The report singled out one small startup headquartered at Ryerson University's Digital Media Zone incubator as an example of the exciting activity taking place: HitSend Inc, makers of Soapbox.

Soapbox, the first application developed by HitSend, aims to give people in specific communities or networks (companies, for example) a platform to put forward ideas, debate them and vote on them. Founded by Ryerson students Brennan McEachran, Graham McCarthy and recent graduate Ayu Er, the company launched Soapbox in October of last year. Already it has added a fourth staff member, a sales and marketing representative.

Brennan says the products soft launch has been very successful. "In Vancouver, a company site we set up had 900 users within three days, and their page had 14,000 interactions. Within a week their largest competitor called us to set up a page of their own."

HitSend is preparing for a more widespread launch of SoabBox in July of this year.

Writer: Edward Keenan
Sources: Brennan McEachran, HitSend; Heather Kearney, Ryerson Digital Media Zone; Shane Gerard, City of Toronto



 

Toronto fashion design CEO named Student Entrepreneur of the Year

Yanina Chevtchouk is a full-time Ryerson business student. She's also the owner and CEO of the fashion design label Paria Lambina Inc, headquartered here in Toronto. That combination of traits has earned her an award from the organization Advancing Canadian Entrepreneurship as the 2011 Ontario Student Entrepreneur Champion.

She says that being a full-time student and running a business at the same time gives her the opportunity to put her learning into practice immediately. "It has its ups and downs, but I think the benefits outweight the drawbacks."

The recognition comes with a cheque for $1,000 and the chance to move on to the national-level competition, where the prize is $10,000 cash. But Chevtchouk, says the opportunity to network and "receive feedback from top executives" that could improve her business as the real benefits of the citation.

Founded last year, Paria Lambina debuted a collection at Montreal Fashion Week in the Fall, earning writeups from sweetspot.ca, Canoe.ca and Flare magazine. She's preparing for bigger stages yet--next up is Toronto Alternative Fashion Week.

Chevtchouk says that it's an interesting time to be in the fashion industry in Toronto. "It's definitely an interesting place given the number of US retailers that are coming here. It's an exciting time."

Writer: Edward Keenan
Sources: Yanina Chevtchouk, Paria Lambina; Jaime Szegvary, ACE

Game developer XMG Studios looking to hire least 5

XMG Studio, one of Toronto's growing number of mobile game developers, is looking to grow their staff -- and they want to make it clear they are no ordinary employer, citing breakfast service and team go-kart outings among the perks they provide their staff in their call for "Rockstars from Mars."

The studio recently received funding from the Ontario Media Development Corporation for the new game "Powder Monkeys" that XMG founder and CEO Ray Sharma says "allows us to expand our team and move forward" on a game project that might otherwise take longer to develop. Sharma says of the current hiring, which will bring at least five new team members aboard, "We are building on our first year of success and ramping up for an amazing year two ... we want to bring in the best game developers, designers and artists."

Located in the Financial District, the company has released seven games since its founding just over a year ago, including "Drag Racer," "Pandemica," and "Inspector Gadget's  Mad Dash."

Writer: Edward Keenan
Source: Ray Sharma, CEO, XMG Studio
141 Financial District Articles | Page: | Show All
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