Breakfasts are back!
Communitech Breakfasts are back and just as popular as ever! The first breakfast event since the pandemic brought more than 80 members of the Waterloo Region tech community to the Communitech Hub on June 28 for a hot brekkie, some great networking and a chance to hear from two stellar founders.
ApplyBoard founder Martin Basiri unveiled his new startup, Passage (check out the Tech News story here), and shared how the Waterloo Region tech community helped support him along the way.
As well, Friendlier co-founder Kayli Dale shared her insights into the eco-positive world of reusable takeout-food containers. She also talked about the company’s recent $2.3-million raise.
We look forward to seeing you on Sept. 13 at our next Communitech Breakfast Series: Eggs and Bacon with Tom Jenkins. Check our events listing page for updates.
Women of impact
Waterloo-based Profound Impact closed its first round of financing with over CDN$2.2 million in seed funding – most of it coming from women investors, including many first-time women angel investors.
The money raised so far is part of a total $3-million round the company plans to close in August 2023.
Profound Impact – helps academic and industry researchers quickly find the right funding for their projects – plans to use the funding to increase its machine-learning and artificial-intelligence teams and to expand into the U.S.
Communitech is accepting applications to the third cohort of its popular Fierce Founders Uplift program.
The Uplift program offers support to women and non-binary founders from equity-deserving groups with their early stage businesses. Since its launch three years ago, 20 founders have completed the Uplift program.
Applications will be accepted until 11:59 p.m. EST July 12, 2023.
Serial entrepreneur Jeremy Hedges has launched a new Kitchener-based startup to help students learn about climate change through educational technology kits.
Hedges’ latest company, Forward Education, produces “climate action kits” that enable students to build prototypes of actual technology solutions being used today to address challenges to the environment.
The startup is a spinoff of InkSmith, an education-technology company that Hedges founded in 2016. During the early days of the COVID-19 pandemic, Hedges used his 3-D printing know-how to provide plastic face shields to health-care workers. He then started a PPE business called The Canadian Shield that scaled to more than $80 million in sales in just 18 months.
Hall of Famers
The Waterloo Region Entrepreneur Hall of Fame honoured six new members, all from the tech community.
The latest inductees include serial entrepreneur Joseph Fung and the five co-founders of Sandvine Inc. – Marc Morin, Brad Siim, Tom Donnelly, Dave Caputo and Don Bowman.
The Hall of Fame initiative, sponsored by Junior Achievement of South Western Ontario, recognizes local entrepreneurs for their vision, leadership and mentoring contributions to the community.
The Waterloo-Toronto corridor is the largest innovation hub in Canada and one of the biggest in North America, according to the latest Global Startup Ecosystem Report from Startup Genome.
“The region is rapidly growing and attracting both tech giants and innovative new startups,” the report says.
In an interview with the Waterloo Region Record, Communitech CEO Chris Albinson said Canada remains a great place to invest but we need more Canadians investing in Canadian companies.
“What I’m worried about is the majority of the investment coming into our companies is not Canadian,” he told The Record. “Fifty-three per cent of the shares sold last year went to non-Canadians.”
Olympic silver-medal winner Cathy Priestner visited Communitech in June to talk about Own the Podium, a data-driven approach to supporting Canadian athletes that Priestner and husband Todd Allinger developed leading up to the 2010 Winter Games in Vancouver.
Priestner was a champion speedskater who competed for Canada in two Winter Olympics. She earned silver in the 500-metre event at the 1976 games in Innsbruk, Austria, and was chosen to carry the Canadian flag at the closing ceremonies.
In her wide-ranging talks, Priestner spoke about the value of setting ambitious goals and the hard work and perseverance needed to achieve them.
Business should aim to “delight” their customers, says columnist Melanie Baker. Whether it’s after-dinner chocolate or sparkling water on tap, it’s often the unexpected little touches that consumers remember most.
In another piece, Baker encourages to “check the reviews” – whether you’re booking a holiday resort or getting into a business arrangement with a new partner.
- Ottawa-based Ross Video, a member of Communitech’s Team True North, hinted at a possible IPO announcement in a news release about its new brand design.
- Aux Mode has added music automation royalty reporting to its existing digital rights management platform.
- Kitchener-based OTTO Motors won SupplyTech Breakthrough’s Material Handling Solution of the Year award for its autonomous forklift, the OTTO Lifter.
- At the Collision Conference in Toronto, Immigration Minister Sean Fraser introduced what he called the country’s first strategy focused on attracting foreign tech workers.
- The University of Waterloo announced it will be the first post-secondary institution in Canada to invest into a venture capital fund launched by the team behind the Velocity Incubator.
This edition of the Roundup compiled by Kevin Crowley.
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