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News Releases

Ontario Centres of Excellence award recipient has the potential to change the world in a heartbeat

October 21, 2014

TORONTO, Oct. 21, 2014 – Karl Martin, co-founder of Toronto startup Bionym, has won Ontario Centres of Excellence’s 2014 Martin Walmsley Fellowship Award for entrepreneurship for his company’s wearable identity management device, the Nymi.

The award, which includes $25,000 in cash, was presented at OCE’s 2014 Annual General Meeting on Oct. 21.

“Karl and his team have done great work in creating and commercializing their ground-breaking technology that is unique in the marketplace and OCE is proud to support and help to advance it,” said OCE President and CEO Dr. Tom Corr. “At the heart of Dr. Walmsley’s original vision for the Ontario Centres of Excellence was this kind of innovation. I want to congratulate the entire team at Bionym and wish them continued success.”

The Nymi is a bracelet that authenticates a user’s identity through their unique heartbeat or electrocardiogram (ECG). That identifier when paired with Bluetooth connectivity can be used for all manner of purposes from opening doors to turning on home electronics to being even used as a tap-and-pay device.

The Martin Walmsley Fellowship Award is yet another in a long line of Bionym’s many successes including the recent securing of more than $14 million in investments.

The award supports the development of an Ontario student in creating an innovative start-up with an economic impact in Ontario. The $25,000 award gives a new entrepreneur the financial resources to focus on making their idea a viable business. The award honours the vision of Dr. Martin Walmsley, who was instrumental in bringing the original vision for Ontario Centres of Excellence to fruition in 1987.

“Ontario is proud to support OCE’s Martin Walmsley Fellowship Award. It is high-tech ventures like Bionym — with its talented researchers and entrepreneurs — that will lead Ontario in job creation and new discoveries in the 21st century economy.” said Reza Moridi, Minister of Research and Innovation.

To view a video of all of this year’s Martin Walmsley Fellowship award finalists, please visit https://www.youtube.com/watch?v=jHc6aAQbAec

About Ontario Centres of Excellence (OCE) Inc. (www.oce-ontario.org)
Ontario Centres of Excellence (OCE) drives the commercialization of cutting-edge research to build the economy of tomorrow and secure Ontario’s global competitiveness. OCE fosters the training and development of the next generation of innovators and entrepreneurs and is a key partner with Ontario’s industry, universities, colleges, research hospitals, domestic and foreign investors, and government ministries. A champion of leading-edge technologies, best practices, innovation, entrepreneurship and research, OCE invests in such areas as advanced health, information and communications technology, digital media, advanced materials and manufacturing, agri-food, aerospace, transportation, energy, and the environment including water and mining. OCE is a key partner in delivering Ontario’s Innovation Agenda as a member of the province’s Ontario Network of Entrepreneurs (ONE), which helps Ontario-based entrepreneurs and industry rapidly grow their company and create jobs. Learn more at www.onebusiness.ca

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Media contact:
Stuart Green
Manager, Media Relations
416-861-1092 x 1022
stuart.green@oce-ontario.org