For alumnus Jerry Evans, every job is a custom job. “The shape of a person’s limb is as unique as their signature,” he says. “You can’t meet this need with mass production.” After graduating from the University of Toronto with a master’s degree in civil engineering, Evans pursued an MBA and had a successful 20-year career in the financial sector. Today, he is the CEO of Nia Technologies Inc., a not-for-profit social enterprise that uses computer-aided design (CAD) software and 3D printers to enhance the fabrication of prosthetic devices around the world. The company collaborates with clinics and hospitals worldwide, including in Canada, Uganda, Tanzania and Cambodia. The idea was sparked five years ago when Evans was doing consulting work for cbm Canada, a charity helping children with disabilities in lower-income countries. “They were very interested in the possibilities of 3D printing to enhance what they were doing already,” he says. “They wanted someone who could understand both the financial and engineering aspects of the challenge.”
Two companies supported by the Health Innovation Hub (H2i), the Faculty of Medicine campus-linked accelerator, won first place in the 2019 RBC Prize for Innovation and Entrepreneurship pitch competition. This marks the second year in a row that H2i supported companies claimed the top prizes.
Nanology Labs took top spot in the Later Stage competition, winning $25,000, while Cohesys won the $10,000 first place prize in the Early Stage competition. They presented their business idea in a five-minute pitch to a panel of judges, who selected the winner.
“It was really exciting, after the pitch was done, to be told how well I presented and how clear my message was by the judges,” said Dr. Mohammad Ali Amini, CEO of Nanology.
U of T recently approved the Four Corners Strategy framework to guide the university in new real estate investments. Four Corners replaces the previous real estate strategy, which was implemented in 2007.
Four Corners Strategy goals
According to the Four Corners Strategy Report, one of the two main goals of Four Corners is to “facilitate amenity uses that support the [university’s] academic mission.” The key tenet of this goal is to expand available housing for faculty, staff, and students.
With Lyft getting ready to go public Friday, BNN Bloomberg speaks with Charles Plant, senior fellow with the Impact Centre at the University of Toronto, to discuss the problems with the tech IPO market and what companies need to know if they’re looking to list in Canada or stateside.
Eight women from promising startups pitched. But only one won the big prize.
AirMatrix, a Toronto-based company that “builds highways in the skies” for the emerging revolution in drone usage, is $100,000 richer today, walking away with the cheque at the eighth incarnation of the Fierce Founders Pitch Competition.
BetaKit’s Due South series profiled Canadian entrepreneurs who founded companies in the United States, and in recent years, many of those entrepreneurs have returned to build teams, scale businesses, and take advantage of the country’s emerging tech hubs.
Patrick Stein, vice president of engineering at Tatari, a San Francisco-founded media company, has experienced a similar journey, and now, he’s hoping to make Toronto the engineering base of the company.
U of T has received a $100 million donation to fund a new innovation research complex that will support artificial intelligence (AI) and biomedical research. The donation, from the Gerald Schwartz and Heather Reisman Foundation, is the largest that the university has ever received. U of T President Meric Gertler, Toronto Mayor John Tory, and Minister of Innovation, Science and Economic Development Navdeep Bains were among the speakers who lauded the donation at U of T’s March 25 press conference.
Billionaire investor Gerald Schwartz and Indigo chief executive Heather Reisman announced Monday that they will donate $100-million to the University of Toronto for the construction of a new centre for innovation and entrepreneurship as well as an institute that will study the impact of emerging technologies on society.
The gift is the largest in the university’s history.
Canada’s billionaire power couple, Gerald Schwartz and Heather Reisman, have donated C$100 million ($75 million) to the University of Toronto for an artificial intelligence complex.
The gift, from the duo behind private-equity firm Onex Corp. and Indigo Books & Music Inc., is the largest in the university’s history and biggest for Canada’s technology sector, said the academic institution. It will be used to build the Schwartz Reisman Innovation Centre starting this year.
The new Schwartz Reisman Innovation Centre will turbocharge the next wave of Canadian innovation, advancing how AI, biomedicine and other disruptive technologies can enrich lives
Thanks to an historic gift to the University of Toronto from Gerald Schwartz and Heather Reisman, the soon-to-be built Schwartz Reisman Innovation Centre will accelerate innovation in Toronto and Canada by creating the country’s largest university-based innovation node. The $100-million investment is the largest donation in U of T’s history and the largest gift ever to the Canadian innovation sector.