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Natalia Mykhaylova’s Toronto-based company WeavAir sells sensor and data-collection technology designed to improve air quality, cut maintenance and energy costs, and improve efficiency in places ranging from mass transit hubs to hotels.
Customers and prospective buyers started asking for something that would measure viruses and bacteria in the air after COVID-19 was declared a pandemic last year, but the technology didn’t exist. Mykhaylova, whose background includes degrees in chemical engineering and pharmacology, decided to build it.
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Melissa Chee is president and chief executive officer of
, a leading technology hub in York Region that operates Canada’s only hardware and semiconductor incubator, the Hardware Catalyst Initiative
What do video games, ventilators and vehicles have in common? They’re all powered by tiny computer chips with individual transistors as little as a nanometre
– 75,000 times smaller than a strand of hair.
In the face of the global chip shortage, Canada’s only lab and incubator for the development and commercialization of hardware and semiconductor solutions, ventureLAB Hardware Catalyst Initiative (HCI), has received $4.73 million in additional funding from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) to expand its scope.
The funds will allow the lab to virtualize and expand its testing capabilities, extending its reach beyond Ontario and supporting innovators across the country.
“In 2019, this industry generated $210 billion of revenue. And today, in light of COVID-19 and the rapid digital transformation that the pandemic has prompted, we know that the sector is only going to grow, and it’s going to help us build a more resilient, a more sustainable, and a more digital economy,” said the Honourable Mary Ng, Minister of Small Business and Export Promotion and Member of Parliament for Markham–Thornhill during the funding announcement. “And
/CNW/ - Today, new funding from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) was announced to bring emerging tech companies in.