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York Region’s ventureLAB Welcomes Breakthrough Tech Companies Paving the Way for Innovations Such as Combatting Blindness and Powering Self-Driving Wheelchairs

Man with Cleaning Robot in HCIMarkham, ON January 30, 2020 – Today, ventureLAB, a leading technology hub located in York Region — Canada’s second largest tech hub — announced the first cohort of companies in its Hardware Catalyst Initiative (HCI) and $8 million in resources and mentorship from founding partners, including global tech leaders AMD and Synopsis.

Hardware Catalyst InitiativeMarkham, ON January 30, 2020 – Today, ventureLAB, a leading technology hub located in York Region — Canada’s second largest tech hub — announced the first cohort of companies in its Hardware Catalyst Initiative (HCI) and $8 million in resources and mentorship from founding partners, including global tech leaders AMD and Synopsis. First announced in June 2019, with $5 million in funding from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), the HCI is Canada’s first silicon incubator, allowing breakthrough companies from southern Ontario to develop transformative hardware solutions that power the products of tomorrow, including healthcare technology, consumer electronics, telecommunications, smart energy, and connected transportation. 

The HCI features a state-of-the-art 1,500 square foot lab with specialized equipment and Electronic Design Automation (EDA) toolsets, critical for manufacturing semiconductor, silicon, or advanced hardware-based solutions.

Full Article: newswire.ca