Welcome!

News Feed Item

OCE and CYBF Team Up to Support 10 Young Entrepreneurs

TORONTO, ONTARIO -- (Marketwired) -- 02/18/14 -- Ten innovative Ontario young entrepreneurs will receive up to $95,000 each over the next two years to advance their companies under a joint initiative between Ontario Centres of Excellence (OCE) and the Canadian Youth Business Foundation (CYBF).

Announced at OCE's Discovery trade show and conference last May, the CYBF-OCE Entrepreneurship Fellowship program supports entrepreneurs aged 18-39 in developing businesses around research originating in Ontario's colleges and universities. The 10 entrepreneurs were selected after a thorough application and review process.

"This group embodies the drive, enthusiasm and innovative spirit Ontario's young entrepreneurs show every day," said OCE President and CEO, Dr. Tom Corr. "We're pleased to be partnering with the CYBF to help the people behind these companies and ideas move to the next level."

Each winner will receive up to $95,000 over two years with a $50,000 OCE grant plus mentorship making up the first-year award. Financing from CYBF and the Business Development Bank of Canada for up to $45,000 will be provided in the second year.

"We are proud to be working with OCE to provide critical financing, mentoring and business coaching to these 10 entrepreneurially-minded young Canadians," said Julia Deans, Chief Executive Officer, CYBF. "These individuals have taken the key first steps towards success, to becoming job creators and community leaders, and CYBF is honoured to be part of their success."

Supporting young entrepreneurs is a key priority for the Government of Ontario.

"The continued prosperity of our province relies on the next generation of entrepreneurs having the resources they need to succeed," said Dr. Eric Hoskins, Minister of Economic Development, Trade and Employment. "Programs like the OCE-CYBF fellowship and Ontario's Youth Jobs Strategy are providing the support our province's young people need to become job creators."

The 10 winners are:

Aaron Libfeld - Physicalytics

Physicalytics gathers a variety of visitor information on people, environment and product interactions in physical locations and transforms it into insights that can streamline operations and optimize customer experience.

Alex Kolodkin - Set Scouter

Set Scouter is the first and only full-service website that connects filmmakers looking for the perfect set with location owners who are looking to rent out their space for production. Set Scouter takes the hassle out of location scouting by facilitating the process end-to-end. Filmmakers can easily book locations for their productions with one mouse click and at a fraction of the cost.

Martin Labrecque - BreqLabs Inc.

BreqLabs is commercializing a novel and innovative sensor glove device that can track very accurately and at high speed the movements of the hand. It can help provide the best computer gaming experience, implement hands-free computer access, training tools and simulators or assist people with pain or mobility limitations.

Denis Loboda - Air Xposure

Air Xposure addresses the need for easy and cost-effective aerial cinematography with their customizable gimbal and drone arrangement that allows for quick set-up and configuration to film quality aerial shots. The device may be used in a variety of locations with programmed flight routes that can be controlled by operators from the ground. Air Xposure's technology can make aerial cinematography affordable to a larger number of filmmakers without sacrificing high visual quality.

David D'Angelo - Trivium Industries

Trivium Industries is an eco-friendly company that will be the first-Canadian-based manufacturer of compostable bottles for the health and beauty, pharmaceutical and food industries. The bottles are made from a corn-based material and biodegrade at commercial composting facilities in less than 180 days.

Brian Stewart - MetricWire Inc.

MetricWire is changing the way the world conducts research by providing a suite of tools for collecting, analyzing, visualizing and sharing data. The company's primary product offering is a web-based application that allows users to conduct longitudinal, context-aware studies via a smartphone. What SurveyMonkey did to online surveys, MetricWire is doing to smartphone-based research.

Richard Liang, University of Waterloo

Liang's project aims to commercialize an all-in-one optical fibre sensor technology for the simultaneous monitoring of gas/liquid concentration, pressure and temperature in oil and gas wells and pipelines. This innovative system will result in higher production efficiency and higher yield at lower energy cost, and allows for quick repairs and less lost production time.

Alroy Almeida - Voltera Inc.

Voltera aims to eliminate the frustration hardware developers experience in the fabrication of prototype circuit boards by developing a device that prints circuit boards in a matter of minutes. This desktop solution will shrink the hardware development cycle from weeks into days.

Elizabeth Nenniger - DraftingSPACE

DraftingSPACE is an automated floor plan layout generation tool. It has application in the fields of interior design, architecture, home staging, video game design, and cg movie sets. Upon entering the desired furniture for a space and its dimensions, the tool will automatically generate the possible layouts of furniture within the space at a quality comparable to a designer. In a matter of seconds, this automated process allows design professionals to complete work that would normally take them several hours.

Adam McKinty - Ruthenika

Ruthenika makes small molecules to help solve some of the world's big problems. Every day, people use products that have been made by catalysts; from the rubber on the soles of your shoes to the plastic bag you use to carry your groceries home to the fuel you put in your car. Ruthenika provides catalyst technologies aimed to streamline chemical synthesis in turn reducing costs and environmental impact for a variety of industrial processes.

About Ontario Centres of Excellence (OCE) Inc. (www.oce-ontario.org)

Ontario Centres of Excellence (OCE) drives the commercialization of cutting-edge research across key market sectors to build the economy of tomorrow and secure Ontario's global competitiveness. In doing this, OCE fosters the training and development of the next generation of innovators and entrepreneurs and is a key partner with Ontario's industry, universities, colleges, research hospitals, investors and government ministries. A champion of leading-edge technologies, best practices and research, OCE invests in sectors such as advanced health, information and communications technology, digital media, advanced materials and manufacturing, agri-food, aerospace, transportation, energy, and the environment including water and mining. OCE is a key partner in delivering Ontario's Innovation Agenda as a member of the province's Ontario Network of Entrepreneurs (ONE). Funded by the Government of Ontario, the ONE is made up of regional and sector-focused organizations and helps Ontario-based entrepreneurs and industry rapidly grow their company and create jobs. For more information visit www.onebusiness.ca.

About Canadian Youth Business Foundation

The Canadian Youth Business Foundation (CYBF) is a national non-profit organization dedicated to growing our nation's economy one young entrepreneur at a time. We look at character, not collateral, when providing youth aged 18-39 with pre-launch coaching, business resources, start-up financing and mentoring to help them launch and sustain successful businesses. CYBF has been recognized as a global leader in advancing youth entrepreneurship, is a founding member of the global G20 Young Entrepreneurs' Alliance (G20 YEA), the Canadian member of the Prince's Youth Business International, and the Canadian Host of Global Entrepreneurship Week (November 18-24, 2013). Visit www.cybf.ca.

Contacts:
Media contact:
Stuart Green
Manager, Media Relations
416-861-1092 x 1022
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
Vulnerability management is vital for large companies that need to secure containers across thousands of hosts, but many struggle to understand how exposed they are when they discover a new high security vulnerability. In his session at 21st Cloud Expo, John Morello, CTO of Twistlock, addressed this pressing concern by introducing the concept of the “Vulnerability Risk Tree API,” which brings all the data together in a simple REST endpoint, allowing companies to easily grasp the severity of the ...
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...