Toronto startup Xanadu raises $32-million to help build ‘world’s most powerful computer’
June 24, 2019 A Toronto startup aiming to build the world’s most powerful computer by harnessing the quantum properties of light has raised $32-million from leading early stage financiers in Canada and the United States. The financing for three-year-old Xanadu Quantum Technologies Inc. was led by Ontario Municipal Employees Retirement System (OMERS) and backed ... Read moreWatch these U of T students unveil the solar car they hope will shine brightest in Australia
June 24, 2019 Toronto-based engineering students are hoping to drive to victory with their newest solar vehicle at a 3,000- km race in Australia later this year. The University of Toronto’s Blue Sky Solar Racing team unveiled their 10th generation vehicle, the Viridian, at the university on Monday. “You start with a full pack of battery charge at ... Read moreReeddi: Putting power in the hands of the people
June 20, 2019 A hearty “Yah!” accompanied by a fist-pump of victory, is what Olugbenga Olubanjo (CivE MASc Candidate) remembers best about Victoria Day. While the rest of the country was enjoying an extra day off as part of the holiday long weekend, Olubanjo heard of his startup’s latest prize – an award of US$10,000 as ... Read more#TrueNorth19 speakers argue the future of privacy is the cloud
June 20, 2019 At day one of True North 2019, held by Communitech in Kitchener-Waterloo, MedStack CEO Balaji Gopalan and Ann Cavoukian, a privacy expert in residence at Ryerson University, both explored the issue of privacy in the emerging tech, and why decentralization could be pivotal in the future of data. MedStack is ... Read moreU of T’s Creative Destruction Lab joins global group pursuing a new, more stable cryptocurrency
June 18, 2019 The Creative Destruction Lab, a seed-stage entrepreneurship program affiliated with the University of Toronto’s Rotman School of Management, is joining a global group of organizations focused on developing a new cryptocurrency designed to increase access to financial services around the world. The new cryptocurrency, called Libra, is expected to be available in 2020 and ... Read moreThree teams awarded U of T’s first-ever sustainability innovation prize
June 18, 2019 In front of a packed room of their peers, 10 groups of students recently had three minutes each to pitch a new sustainability-focused product or startup with the potential to make a signficant impact. In the end, three were named winners of the first-ever University of Toronto Sustainability Innovation Prize, a $5,000 award created ... Read moreCreative Destruction Lab signs on as founding partner of Facebook’s new cryptocurrency
June 18, 2019 Creative Destruction Lab (CDL) will be a founding partner of the Libra Association, a foundational consortium that will develop and promote Facebook’s new cryptocurrency, Libra. The Toronto-based startup accelerator is the first Canadian partner and only academic institution signed on to the project so far. The Libra Association will be ... Read moreNanoleaf’s triple bottom line brings top-tier success
June 18, 2019 When Gimmy Chu was a little kid growing up in Mississauga, he tried to build a perpetual motion machine in his basement. He failed (obviously), but that obsession with pure sustainability informs his business approach today. “There’s no point in making tech for its own sake,” says Gimmy Chu. “If ... Read moreFrom idea to impact: An expanding solution to a common surgical problem
June 18, 2019 Ten years to the day after he and his family landed in Canada from Iraq, Zaid Atto stood in front of a panel of judges and pitched his idea. He had developed a new surgical device – a port that could allow for safer and more efficient minimally invasive surgeries ... Read moreU of T’s self-driving car dominates 2019 AutoDrive Challenge
June 13, 2019 The University of Toronto’s self-driving car team, aUToronto, beat out seven other universities in the second annual AutoDrive Challenge in Ann Arbor, Michigan, which took place earlier this month. The team of engineering and computer science students used the university’s self-driving car, Zeus, to place first in all but one ... Read more
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