OCE brings innovative companies to Ontario Economic Summit

October 28, 2015

By Stuart Green

Four OCE-supported companies were selected to showcase their innovative technologies at the Ontario Economic Summit.

Ontario Centres of Excellence (OCE) brought some of Ontario’s most innovative companies to the Ontario Economic Summit on Oct. 27.

In partnership with the Ontario Chamber of Commerce, four OCE-supported companies considered to be leaders in their field were selected to display their game-changing innovations as part of the summit that brings together the private and public sectors to consider ways to work together in making Ontario as prosperous as possible.

“OCE is pleased to have been able to introduce these four incredible companies to attendees of this important event,” said OCE President and CEO Dr. Tom Corr. “These companies are examples of what happens when industry and academia come together to commercialize cutting-edge, Ontario-based research.”

Featured as part of OCE’s innovation showcase were:

  • Pizza Pizza/McMaster University - Funded by fast food leader Pizza Pizza, McMaster University students have created HARvEST, the Pizza Oven Waste Energy Recovery (POWER) system. The technology repurposes waste heat from a conventional pizza oven to power lighting, hot water and space heating. The core technology, known as a thermal electric generator, enables the POWER system to be self-powered - even during a power outage. 
  • Applied Brain Research - Originating out of the University of Waterloo, ABR has created the world’s largest functioning computer-based brain model. The program model, known as Spaun, is capable of learning and making decisions based on information it receives. This is the first step toward the democratization of artificial intelligence. 
  • Cloud DX - Cloud DX is a Top-10 Finalist in the $10 million Qualcomm Tricorder XPRIZE competition and is the only Canadian finalist. Cloud DX is revolutionizing health care with a device designed to diagnose 15 different medical conditions and monitor vital signs for up to 72 hours. 
  • Nymi - Nymi is a wearable authentication device that uses a person’s cardiac rhythm to authenticate their identity. The Nymi is the first of its kind, combining identity with motion control while also providing privacy, trusted security and convenience. The wristband is equipped with an ECG sensor with two electrodes and a six-axis motion sensor that encompasses simple gesture recognition and user input allowing a person secure access to their identification records or password-protected devices.

“Ontario has some truly amazing and inspiring entrepreneurial success stories,” said Allan O’Dette, President and CEO of the Ontario Chamber of Commerce. “It is essential that business and government come together to support innovators and business owners so that we can accelerate economic growth in the province.”

The 2015 Ontario Economic Summit was presented by the Ontario Chamber of Commerce and took place Oct. 27-29 in Niagara-on-the-Lake. You can view photos from the event on OCE's Flickr page