The Creative Destruction Lab (CDL) is a seed-stage acceleration program founded in 2012 at the Rotman School of Management in Toronto, Canada. It is dedicated to supporting massively scalable, science- and technology-based ventures by providing a unique coaching process focused on specific objectives. CDL connects startups with experienced entrepreneurs and leading scientists across various sectors, including artificial intelligence, healthcare, quantum computing, blockchain, energy, and cleantech. The program has expanded its reach, operating in six cities: Vancouver, Calgary, Toronto, Montreal, Halifax, and New York City, and emphasizes the commercialization of scientific and technological advancements.
Lunar Outpost is a company dedicated to advancing technology that facilitates sustainable human presence in space, particularly on the lunar surface. It specializes in the development of innovative robotics, including a moon rover designed for autonomous swarm navigation and capable of carrying diverse payloads. Additionally, the company creates Internet of Things (IoT) air quality sensors that monitor and respond to local air quality conditions. This technology not only supports lunar exploration but also aims to have a positive impact on Earth, enabling governments, companies, and communities to establish a sustainable presence in space.
Last Lock
Non Equity Assistance in 2021
Last Lock is a manufacturer of secure smart locks that converts traditional mechanical lock systems into advanced digital access solutions for homes and businesses. Founded in 2019 and based in Milwaukee, Wisconsin, the company specializes in smart lock cylinders that can be easily installed into existing door hardware. These locks utilize self-powering and energy-harvesting technologies, eliminating the need for battery replacements. Last Lock's products are designed to recognize a variety of access methods, including physical keys, RFID devices, and smartphones, thereby enhancing security while providing flexibility in access control. The company also offers enterprise-level access control systems and security equipment, catering to a diverse range of clients and settings.
InfiSense
Non Equity Assistance in 2021
InfiSense is a provider of a remote, real-time wireless sensing platform designed to reduce data collection and analysis costs while enabling new service lines and enhancing revenue. The InfiSense IoT platform utilizes LoRaWAN technology, allowing users to select from a wide range of long-life wireless sensors. This platform simplifies the process of ingesting, organizing, securing, and storing data in the cloud, facilitating seamless integration with various analytics applications and business intelligence tools. By focusing on cost-effectiveness, InfiSense enables businesses across multiple sectors to build analytics, services, and software applications using diverse sensing data. This approach empowers device manufacturers, network providers, and data-driven companies to scale efficiently and effectively.
Flox
Non Equity Assistance in 2021
Flox.ai, founded in 2018 and based in London, United Kingdom, specializes in artificial intelligence technology aimed at enhancing the welfare of broiler chickens and optimizing poultry farming efficiency. The company offers a comprehensive monitoring platform that incorporates various tools, including Flox-cam, which streams images from multiple cameras to monitors and smartphones; FLOX-box, an AI processor; and FLOX-alert, a tracking system for smothering and bird activities. By analyzing data from cameras, sensors, and activity monitors, Flox provides real-time insights into individual bird health, behavior, and environmental conditions. This technology empowers poultry farmers to identify and address issues promptly, ultimately improving bird welfare and increasing productivity on farms.
Dynami Battery Corp
Non Equity Assistance in 2021
Dynami Battery Corp is a technology company focused on developing customized battery solutions tailored to specific product designs rather than adapting products to fit standard battery sizes. Founded in March 2017 and headquartered in Buenos Aires, Argentina, with an office in Washington, DC, Dynami specializes in creating batteries for a variety of applications, including the Internet of Things (IoT), wearable technology, sensors, and medical devices. The company utilizes regional resources and advanced engineering to develop proprietary battery technologies and manufacturing processes. Dynami's innovations offer scalable, cost-effective solutions, enabling industries such as electric vehicles, aerospace, and consumer electronics to benefit from fast-charging batteries with extended lifecycles.
Komfort IQ
Non Equity Assistance in 2021
Komfort IQ is focused on enhancing energy efficiency in commercial buildings, which are responsible for approximately 40% of total energy consumption, with HVAC systems being the largest contributor. The company has developed an advanced HVAC energy efficiency system that leverages artificial intelligence, the Internet of Things, and machine learning algorithms to optimize heating and cooling. This system not only manages temperature effectively throughout the day but also caters to individual comfort preferences, resulting in reduced energy usage and lower electricity costs for commercial offices. By addressing the critical issue of energy consumption in buildings, Komfort IQ aims to create a more sustainable and comfortable working environment.
Krucial (formerly R3 IoT Limited)
Non Equity Assistance in 2021
R3 IoT enables organisations to access their critical operational data by automating the collection of sensor data. This data is transferred from remote operations to the cloud via satellite providing business leaders and operational management the capability to make better decisions and reduce inefficiencies.
Cipher Skin
Grant in 2020
Cipher Skin Inc. is a technology company based in Denver, Colorado, founded in 2014. The company specializes in developing a unique mesh technology that allows sensors to contour around the human body, enabling the capture of multiple simultaneous measurements. This technology provides vital data regarding three-dimensional movement and biosignals such as heart rate and oxygen saturation. By translating this data into actionable insights, Cipher Skin aims to create a comprehensive data platform that enhances the monitoring and analysis of physical performance. Its innovative approach supports physical therapists and trainers in designing safe and effective rehabilitation and training programs by accurately measuring complex motions, particularly in the upper limbs.
i-5O
Non Equity Assistance in 2020
i-5O is a developer of an artificial intelligence-based operations management platform aimed at enhancing production output for manufacturers. The platform aggregates and analyzes data from various Internet of Things sources, providing insights into key performance metrics such as labor efficiency, capacity utilization, and processing times. By offering these insights, i-5O enables manufacturers to make informed decisions and promptly identify and address inefficiencies in their operations. The company's vision focuses on the harmonious collaboration between humans and machines, striving to create technology that not only improves productivity but also ensures a meaningful future for the next generation.
Bibu Labs
Non Equity Assistance in 2020
Dynamic Defence Against Cyber Attacks for IoT
aDolus Technology
Seed Round in 2020
aDolus Technology is a cybersecurity firm that offers a cloud-based platform designed to protect critical infrastructure, particularly in industrial and medical sectors. The platform creates software bills of materials (SBOMs) from customers' software binaries and assesses risks related to vulnerabilities, malware, and obsolescence. By providing a risk score for software used in regulated industries, it assists organizations in identifying counterfeit components and assessing third-party risks. Given the increasing interconnectivity of devices, with over 50 billion connected devices globally, the need for security solutions in the Internet of Things (IoT) is growing rapidly. The estimated total addressable market for the industrial sector alone is $920 million, with additional opportunities in medical, transportation, automotive, and defense sectors. aDolus is notable for being the first to market with a solution that analyzes and authenticates device software, supported by a robust database of 32 million records, thereby positioning itself to address this critical and underserved market effectively.
Symroc
Non Equity Assistance in 2019
Symroc specializes in real-time IoT vibration sensing technology aimed at enhancing industrial and civil safety. The company has developed a broadband seismic and vibration remote sensing system that delivers critical insights for earthquake monitoring, microseismic monitoring, and the oversight of critical infrastructure. This innovative system integrates sensor hardware, connectivity, and data analysis components to provide wireless remote data in real-time. It enables precise earthquake and impact assessments while supporting proactive maintenance and operational optimization across various sectors, including infrastructure, facilities, and machinery. Symroc's technology eliminates the need for traditional infrastructure, power, cables, and on-site operations, offering high-accuracy, high-resolution insights for its users.
Sobie Systems
Non Equity Assistance in 2019
Sobie Systems's goal is to upend the existing global order in order to bring about a safer and more sustainable future. Through smart IoT technologies that track the operation of the HVAC system in real-time, their solution is reinventing carbon monoxide safety and ensuring the safety, energy efficiency, and reliability of household heating, ventilation, and air conditioning systems.
LifeBooster
Non Equity Assistance in 2019
LifeBooster is at the forefront of improving enterprise health and safety through innovative technology. The company has developed Senz, a connected worker platform that leverages data analytics and wearable IoT technology to predict and model risks and exposures for entire workforces. This platform aids in the prevention of workplace injuries, illnesses, and fatalities by digitizing and automating established standards for risk assessment. By analyzing body posture and movements, Senz assists health and safety professionals in conducting site-specific risk assessments, allowing them to prioritize risk mitigation strategies effectively. LifeBooster has successfully reduced risks in various industries by up to 80% and has established partnerships with leading organizations in health and safety, workers' compensation, and risk management, positioning itself as a prominent solution in the connected worker landscape. The company is dedicated to ensuring that every worker returns home safely each day.
Razzberry
Non Equity Assistance in 2019
Razzberry is creating breakthrough technologies in microsensing to change the way we interact with ourselves and our world.
Mentore.ai
Seed Round in 2019
Iterate Labs is a developer of a smart wearable device used to track relevant hand and wrist actions for workplace safety. Its device is a smart glove that collects and analyzes biomechanics data to alert workers and managers of injury risk and fatigue that enable health and safety officers to monitor and prevent workplace injuries through sensors and data analytics.
SensiML
Seed Round in 2019
SensiML Corporation, founded in 2017 and based in Beaverton, Oregon, specializes in developing an end-to-end software suite aimed at Original Equipment Manufacturers (OEMs) and IoT device developers. The company offers a SaaS analytics toolkit that enables users to create customizable, machine learning-based sensor algorithms optimized for ultra-low power consumption. With a focus on accessibility, SensiML's platform allows developers to generate accurate learning sensor algorithms without requiring embedded coding or extensive data science knowledge. The software supports the entire development process, including data collection, labeling, and algorithm and firmware auto-generation, ultimately transforming raw sensor data into meaningful insights for autonomous applications. SensiML operates as a subsidiary of QuickLogic Corporation.
MesoMat
Non Equity Assistance in 2018
MesoMat specializes in innovative sensing technologies, focusing on the development of plastic-based fibers that function as lightweight strain sensors. These sensors are designed to monitor fatigue, fracture, and failure in critical material systems, offering a reliable solution for condition-based monitoring. By integrating sensing fibers with custom electronics and software, MesoMat provides a comprehensive platform that utilizes real-time data to prevent material failures. The unique properties of these sensing fibers allow them to be embedded in various materials, including those in high-strain environments where traditional strain sensors may not be applicable. Through this technology, MesoMat aims to enhance safety and efficiency across a range of industries.
Variense
Non Equity Assistance in 2017
Variense is a startup based in Montreal that offers Industrial IoT sensing solutions.
Mysa
Non Equity Assistance in 2017
Mysa is a developer of advanced smart thermostats designed to optimize home heating and reduce energy expenses. Its high-voltage thermostat features smart learning capabilities that can lead to approximately 15% savings on energy bills. The device allows users to remotely control their home's heating through a smartphone from anywhere in the world. Mysa's thermostats are Wi-Fi enabled and can track and display current room temperatures, detect when appliances are mistakenly left on in vacant homes, and generate detailed energy reports that provide insights into daily usage and potential utility costs. Additionally, Mysa's products integrate seamlessly with popular smart home platforms such as Amazon Alexa, Google Home, and Apple HomeKit, enhancing convenience for homeowners seeking efficient energy consumption.
Instantia Labs
Non Equity Assistance in 2017
Instantia Labs provides an IoT water meter device that allows to monitor water quality, leaks, and usage in real time.
Noze
Non Equity Assistance in 2017
Noze is a leader in digital odor perception technology, creating advanced solutions that replicate the human sense of smell. Their sophisticated digital nose utilizes a specialized sensor, developed with NASA technology, to detect and identify odors in various real-world environments. This technology collects and analyzes data through an AI engine, allowing healthcare providers to assess air quality, monitor chemical footprints, and potentially diagnose diseases based on breath-based odor biomarkers. By enabling real-time disease detection and routine health screenings with a single exhale, Noze aims to enhance human health and well-being while improving patient outcomes.
SensorUp
Non Equity Assistance in 2017
SensorUp Inc. is a Calgary-based company that develops and operates an Internet of Things (IoT) platform, offering solutions for sensor data, analytics, and mapping feedback through its Application Programming Interface (API). Founded in 2011, SensorUp provides a unified system for interconnecting IoT devices, enabling them to communicate with each other and with third-party web applications via the SensorUp Cloud. The company's platform is designed to facilitate intelligent automation and enhance operational visibility for asset-heavy industries, particularly through its capabilities in methane detection and repair initiatives. Additionally, SensorUp's Smart Cities Starter Kit focuses on air quality monitoring, supporting enterprises in meeting stringent emissions reporting standards while integrating the latest measurement technologies and open standards.
Ecoation Innovative Solutions
Seed Round in 2017
Ecoation Innovation Solutions specializes in providing greenhouse growers with advanced tools for the early detection of pests, diseases, and nutrient deficiencies that can impact crop value. By harnessing proprietary artificial intelligence and plant signal data, Ecoation's system delivers daily updates on crop health directly to growers through desktop and smartphone applications. This technology empowers growers to take prompt actions that enhance crop value, lower operating costs, and minimize pesticide usage. Based in Canada, Ecoation's innovative platform integrates elements of biology, automation, sensing, and robotics, aiming to transform agricultural practices and improve overall crop productivity. The company is currently conducting paid field trials in British Columbia greenhouses to demonstrate the effectiveness of its solutions.
Tenstorrent
Non Equity Assistance in 2016
Tenstorrent Inc. is a Canadian company that develops and manufactures application-specific integrated circuits (ASIC) focused on artificial intelligence and machine learning. Founded in 2016 and headquartered in Toronto, with an additional office in Austin, Texas, Tenstorrent specializes in providing scalable and efficient hardware solutions for various applications, ranging from battery-powered Internet of Things (IoT) devices to large cloud servers. The company’s architecture supports deep learning and enables adaptability in algorithms, catering to developers and researchers in the technology sector. By offering advanced AI hardware and software, Tenstorrent aims to enhance computational performance and facilitate the growth of machine learning technologies.
Grobo
Non Equity Assistance in 2015
Grobo specializes in developing fully automated grow boxes designed for home use, utilizing Internet of Things (IoT) technology to facilitate smart gardening. Their systems employ artificial intelligence and machine learning to optimize plant growth, enhancing yields while reducing growth times. The automated grow boxes feature personalized, app-controlled automatic watering and LED lighting systems, enabling users to cultivate high-quality food and medicinal plants in a virtual indoor environment. By integrating technology into the growing process, Grobo empowers individuals to take control of their health by simplifying the cultivation of safe and fresh plants at home.
Kepler
Non Equity Assistance in 2015
Kepler Communications Inc. specializes in satellite communications by designing, developing, and operating satellite infrastructure for space-based connectivity. The company focuses on creating a network of Low-Earth Orbit satellites that facilitate communication for various applications, including connecting space stations and devices. Its offerings include PolarConnect, which allows organizations in extreme environments to maintain global connectivity, and the Global Data Service, a high-bandwidth solution for transferring large data files from remote locations to the internet. Kepler is also developing everywhereIOT, a solution aimed at providing reliable, low-power connectivity for Internet of Things devices worldwide. Established in 2015 and headquartered in Toronto, Canada, Kepler serves diverse industries such as maritime, natural resources, research, defense, and logistics, positioning itself as a leader in addressing connectivity challenges in both terrestrial and space environments.
Petbot
Non Equity Assistance in 2014
PetBot Inc., founded in 2013 and based in Toronto, Canada, specializes in developing a pet care and monitoring system that utilizes internet-connected devices and cloud-based applications. As a subsidiary of Petcube, Inc., PetBot offers a compact and refillable device that allows pet owners to connect with their pets from anywhere. The device is wall-mountable, wifi compatible, and does not require batteries, making it user-friendly. Pet owners can customize audio greetings, remotely feed their pets, and capture photos and videos, enabling them to provide care and interaction even when they are away. This innovative approach enhances the pet ownership experience by ensuring pets receive attention and care, regardless of their owners' physical presence.
North
Non Equity Assistance in 2012
North, formerly known as Thalmic Labs, is a technology company based in Kitchener, Canada, focused on developing innovative eyewear that integrates digital information into daily life. Founded in 2012, North employs over 400 professionals across four offices in North America, including engineers, designers, and futurists. The company's flagship product is a pair of smart glasses that provide heads-up access to digital notifications, allowing users to engage with their digital lives without the need to constantly check their phones. Features such as customizable replies, emojis, and snooze delays enhance the user experience by offering discreet and manageable access to information. North aims to create technologies that seamlessly blend with everyday activities, emphasizing the harmonious relationship between people and technology.
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