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.

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 Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.