Hardware Catalyst Institute

Hardware Catalyst Initiative Lands Further Funding

ventureLAB and the Regional Municipality of York have partnered to expand the Hardware Catalyst Initiative, Canada’s only lab and incubator for hardware and semiconductor companies.

York Region Invests $1.5M Into Canada’s Only Hardware-Focused Lab and Incubator, Aims to Attract Global Tech Firms

ventureLAB and the Regional Municipality of York have partnered to expand the Hardware Catalyst Initiative, Canada’s only lab and incubator for hardware and semiconductor companies.

Newmarket Headquartered Dentec Safety Specialists Contracted by the U.S. Government to Manufacture PPE for Distribution to Healthcare Workers in the U.S.

Contracted by the US Government, Dentec Safety received a multimillion-dollar PPE grant as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act, a $2 trillion Coronavirus stimulus bill provided by the US Federal Government), and a contract for 125,000 respirators with 500,000 replacement filters for distribution to US healthcare workers.

Markham Headquartered TeraGo Sells Data Centre Business to Hut 8 Mining

Under the terms of the agreement, consideration payable to TeraGo Inc. will consist of C$30 million, to be funded from existing cash on the Company’s balance sheet. Hut 8 will retain substantially all current Data Center Business employees. The transaction has been approved by the board of directors of Hut 8 and TeraGo and is expected to close in the first quarter of 2022.

ventureLAB-supported company, Hyivy Health, Secures $1.1M in Pre-Seed Funding

ventureLAB-supported company is developing the first smart, holistic pelvic health rehabilitation product for the one in three women who will develop pelvic health complications in their lifetime.

Vaughan Headquartered Shimifrez Announces Enhancing Expansion of Services in Super Thin Electroformed Masks for OLED and Semi-Conductor and Thin Film Display Industry

Shimifrez offers a rapid-response service to deliver micro components to several precision industries such as the aerospace/satellite, automotive, telecommunications, micro-electronics and defense sectors.

Vaughan Headquartered Kontrol Technologies to Deliver BioCloud Units to Qatar and Czech Republic

“Supported by an expanding global brand awareness and recognition of BioCloud as an innovative safe space solution, we expect to continue deployment of our technology to existing and new customers throughout the coming year.”

Vaughan Headquartered Kontrol Technologies Enters Quebec Demand Response Energy Market

Kontrol is offering a top tier solution through our SmartSuite technology, which has the ability to communicate with local utilities and either reduce power consumption or shut off power demand at the building and suite level, and seamlessly integrate into utilities’ grid management framework.

Markham Headquartered Terraquest Ltd. Selected for Airborne Geophysical Survey at Pedro Gold Project in Mexico

The geophysical contractor, Terraquest of Markham, will complete approximately 384 line-kilometers (km; ~238 miles – approximately 96 flight lines at 50 m spacings flown at azimuth 060 and 240 degrees) to collect data over a total area of approximately 17.7 square kilometers.

Large Thailand Petroleum Exploration and Production Company Selects Markham Headquartered Redline Communications’ Virtual Fiber Solution

The Virtual Fiber RDL-3000 was chosen specifically for this project because it provides secure and reliable high-speed connectivity in these distant, isolated locations and can be used in the toughest environmental conditions, rated to operate between -40° to +75°C for fixed point-to-point and point-to-multipoint communications and nomadic applications.
Newsletter December

York Region Business Update // December 2021

York Region Economic Development’s monthly e-newsletter shares highlights and news from the business community, small business supports, events, economic data, and more. Check out the December edition now!