INIFINITI LAB Toronto recently announced the nine startups selected for its four-week accelerator program.
The participating startups, DRVEN, InnerSpace, NXCAR, Pitstop Predictive Maintenance, Pull Technologies, RoadLaunch, Rover Parking, Tap Report and Ubiqweus Inc., raised $2.7 million. The partnership of corporate and technology entities, including IBM Canada, TribalScale, Techstars and the city of Toronto will mentor and work with the startups during the monthlong program.
"Selecting the startups to participate in the inaugural INFINITI LAB Toronto program was no easy task thanks to the hotbed of talent in Canadian startups surrounding Internet of Things and smart cities," Stephen Lester, INFINITI Canada's managing director, said in a press release. "We've selected companies that have the potential to transform the way we interact with our cities and with the objects around us, and we're excited to provide mentorship, access to technology, and expertise through the program to further accelerate their growth."
The program includes internet of things (IoT) developers, smart cities experts and guest speakers. At the end of the program, each startup will pitch to a venture capitalist panel. The top startup in the group will be fast-tracked into a three-month global program at the headquarters of INFINITI LAB Hong Kong.
"We've chosen startups with real potential for innovation and change in the IoT and smart cities industry," Chris Kay, Multiplicity co-founder, said. "This celebration has been a great kick-off to the program and a chance for the startups to meet the other participants and hear from the INFINITI team. We're excited to see what these talented ventures will produce with the help of our corporate partners and the guidance of the INFINITI team."