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Medical Device Startup Avenir Medical Secures $3.3M in Financing

Medical Device Startup Avenir Medical Secures $3.3M in Financing | Canada's Technology Triangle Inc. | Scoop.it

AIntelligent Instrument improves accuracy in hip replacement, attracts investors and surgeons to Avenir.


Waterloo, Ontario, September 30, 2013 - Avenir Medical Inc., an innovator in developing intelligent instruments to improve joint replacement surgery, announced today that it has closed $3.3M of Series A financing. The round was led by MaRS Investment Accelerator Fund, Toronto, and included a syndicate of Angel Groups in Waterloo, Toronto, and Boston.

Canada's Technology Triangle Inc.'s insight:

“Avenir really represents the type of company that fits our investment thesis. They have a great product, based on unique, differentiated technology, and have a huge market potential” said Dan Mathers, Investment Director, IAF. “Avenir is an example of the type of high quality companies we are seeing in the Kitchener-Waterloo region, and we will continue to ensure that we focus efforts on being a key investor in the region.”

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The Triangle September Edition

The Triangle September Edition | Canada's Technology Triangle Inc. | Scoop.it

Articles Include:


 Investment Attraction & Business Mission to Germany

CTT Inc. Selected for the 5th Year as One of the Top Canadian Economic Development Groups in Canada

Welcome Knightsbridge!

How To Move Cities To A Digital Platform

Trading In Renminbi: Reducing Costs, Managing Risks

Gowlings top-listed in Canada for tech law

MHBC Announcement

Walter Fedy Announces New CEO

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Conestoga College Fundraising campaign surpasses $1 million milestone.

Conestoga College Fundraising campaign surpasses $1 million milestone. | Canada's Technology Triangle Inc. | Scoop.it

Current and former employees at Conestoga College Institute of Technology and Advanced Learning have demonstrated their commitment to the college’s goals and directions by contributing more than $1 millio.


The $30 million fundraising initiative will support such capital campaign expansion projects as:

  • The Cowan Health Sciences Centre,
  • The Centre for Entrepreneurship
  • The Engineering & Information Technology campus
  • The  Institute of Food Processing Technology
  • The Motive Trade Centre of Excellence
  • The Construction and Skilled Trades Centre

Funds from the campaign will also be used to fund student awards, enhanced library resources, equipment and technology to support student learning.

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Clean50 Recognizes City of Waterloo's GreenLab | WaterTAP Ontario

Clean50 Recognizes City of Waterloo's GreenLab | WaterTAP Ontario | Canada's Technology Triangle Inc. | Scoop.it

A City of Waterloo project was recently recognized by Clean50’s inaugural Top 15 Projects in 2014. The recognition program is an offshoot of the Clean50 award that honours individuals, and is awarded to project-based initiatives completed over the last two years based on innovation, overall impact, and influence on others with regards to promoting best practices in sustainability.

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Canada’s Technology Triangle Inc., Selected for the 5th Year as One of the Top Canadian Economic Development Groups in Canada

Canada’s Technology Triangle Inc., Selected for the 5th Year as One of the Top Canadian Economic Development Groups in Canada | Canada's Technology Triangle Inc. | Scoop.it

Canada’s Technology Triangle Inc (CTT Inc) has been selected as one of the top Canadian economic development groups by Site Selection magazine, a leading US-based source for expansion planning information to 49,000 executives of fast-growing firms.


The “Top Canadian Group” is designed to recognize the most innovative economic development groups in Canada. This class of ranking is based on, per capita calculations of recent corporate facility project investment and related job creation, as well as factors such as regional partnership

Canada's Technology Triangle Inc.'s insight:

Our focus on foreign direct investment means that most of our efforts take place outside of the Region. An award such as this helps recognize the extensive work we undertake in international business missions, hosting potential foreign investors, and developing resources to showcase the strengths of Waterloo Region. In 2013 alone, CTT Inc. fielded 525 opportunities, 56 client visits, and 20 events and investment attraction missions.   This award recognizes not only a great team and their accomplishments, but also the support of a great community that thrives on collaboration, innovation and entrepreneurship.” said John Jung, CEO of Canada’s Technology Triangle Inc.

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Cloud Computing Trends for 2014

Cloud Computing Trends for 2014 | Canada's Technology Triangle Inc. | Scoop.it
Cloud computing has experienced an exponential rise over the past few years. To be precise, by the end of the year 2013, almost 60% of small to medium sized

Via TechinBiz
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Dagostino Electronic Services, Inc.'s curator insight, August 15, 8:06 AM

Cloud computing is a hot topic, especially with BYOD.  See which other trends make the 2014 list.

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BlackBerry forms business unit to hold patent portfolio, innovative tech assets

BlackBerry forms business unit to hold patent portfolio, innovative tech assets | Canada's Technology Triangle Inc. | Scoop.it

BlackBerry Ltd. has created a new business unit that will combine some of its most innovative technology. The new unit, to be called BlackBerry Technology Solutions, will include the Waterloo company's QNX division (embedded software), Project Ion (Internet of Things applications), Certicom (cryptography applications), RF antenna tuning and its patent portfolio.

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Music Festivals And More In Waterloo Region This Summer

Music Festivals And More In Waterloo Region This Summer | Canada's Technology Triangle Inc. | Scoop.it

With festivals featuring practically every genre of music, the Waterloo Region is bursting with dozens of live entertainment options this summer. The Waterloo Region, is quickly becoming known across the country for its live arts scene, specifically the many family friendly and free music festivals that have gained international recognition over the years....

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Landing a big one

Landing a big one | Canada's Technology Triangle Inc. | Scoop.it

Sysco Corporation has opened a new sales support centre in a former BlackBerry building on Phillip Street. Sysco, a Fortune 100 company that generated more than $44 billion in sales in 2013, is recognized as a global leader in selling, marketing and distributing food products to restaurants, hospitals, schools and others involved in meal preparation.

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Now Available! July Edition of The Triangle

Now Available! July Edition of The Triangle | Canada's Technology Triangle Inc. | Scoop.it

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Canada's Technology Triangle Inc.'s insight:


Articles Include:
What If I spend Money To Train My Employees And They Leave

Waterloo Region's Strength In Auto Manufacturing Through Innovation & Talent

Accessibility And Your Website

Gowlings Still The Busiest Law Firm For Canadian M&A

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Ontario government committing $25 million over 5 yrs to IQC

Ontario government committing $25 million over 5 yrs to IQC | Canada's Technology Triangle Inc. | Scoop.it

The Institute for Quantum Computing (IQC) at Waterloo is among the top five quantum research institutes in the world. Ontario’s renewed support for IQC further positions Waterloo to take full advantage of the opportunities of quantum information science and technologies....

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Ontario water project on verge of a torrent of data

Ontario water project on verge of a torrent of data | Canada's Technology Triangle Inc. | Scoop.it

From little things, big data grows.


That might be the slogan of the Southern Ontario Water Consortium, a partnership of eight Ontario universities which is building a data platform for water testing technologies that will help protect drinking water and predict floods.

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Waterloo Region can grow the next generation of technology companies

Waterloo Region can grow the next generation of technology companies | Canada's Technology Triangle Inc. | Scoop.it

This is a region that has long been known for having smart, entrepreneurial people inventing great technology. The Accelerator Centre - an incubator that works with startup technology companies over two or three years and provides commercialization support. It is one of the more successful incubators, having worked with more than 130 startups since it was launched in 2006. With luck, some of the startups might grow to become the size of BlackBerry or Open Text.

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Mike Lazaridis on Canada's next computing revolution

Mike Lazaridis on Canada's next computing revolution | Canada's Technology Triangle Inc. | Scoop.it
The BlackBerry co-founder speaks on how Canada is poised to reap the rewards
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Waterloo Region can afford to borrow to invest

Waterloo Region can afford to borrow to invest | Canada's Technology Triangle Inc. | Scoop.it

Moody's Investor Service, a leading provider of credit ratings, research and analysis, gave the region the highest possible credit score this year for the 14th year in a row.

Canada's Technology Triangle Inc.'s insight:

Similar to other highly rated municipalities in Ontario, Moody's said Waterloo Region displays "strong governance and management characteristics. In addition to long-term planning for capital and operating budgets and a history of meeting fiscal targets, management adheres to conservative debt and investment management policies, thus limiting the region's exposure to market-related risks and ensuring relatively smooth debt-servicing costs."


Waterloo Region has historically outperformed Ontario on a number of economic and labour market indicators.


This year, the region will be spending money on projects:

•waste water treatment plant upgrades;

•landfill site maintenance and expansion;

•road network improvements and expansions;

•the rapid transit project (ION); and

•Grand River Transit garage expansions and fleet replacements.


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Canada’s manufacturing sector gains momentum in August

Canada’s manufacturing sector gains momentum in August | Canada's Technology Triangle Inc. | Scoop.it
August data pointed to a robust upturn in the performance of the Canadian manufacturing sector, with overall business conditions improving at the fast...
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The report is available at www.rbc.com/newsroom/pmi.

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Fastenal invests $10 million in Kitchener distribution centre

Fastenal invests $10 million in Kitchener distribution centre | Canada's Technology Triangle Inc. | Scoop.it
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Heffner Lexus Toyota Scion Completes Solar Installation Atop Dealership

Heffner Lexus Toyota Scion Completes Solar Installation Atop Dealership | Canada's Technology Triangle Inc. | Scoop.it

Heffner Lexus Toyota Scion announced the completion of a 220kW solar installation lining the rooftops of its Kitchener dealership. Consisting of over 800 panels, the state-of-the-art installation will generate approximately 275,000 kWh annually for at least the next 20 years – enough energy to power approximately 26 homes per year. The installation offsets 190 metric tons of carbon per year; that is equivalent to the carbon sequestered by 150 acres of forest.

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A startup nation focused on Waterloo Region: Minister of Citizenship and Immigration

A startup nation focused on Waterloo Region: Minister of Citizenship and Immigration | Canada's Technology Triangle Inc. | Scoop.it

Waterloo Region is the best place in Canada to start a business, making it a natural choice for entrepreneurial immigrants. Immigration was the subject of a roundtable discussion the minister held at the Hub with some of the region’s technology leaders. The first of its kind in the world, the Start-up Visa Program enables immigrant entrepreneurs to connect with private-sector organizations working with startups.

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Desire2Learn ‘just getting warmed up’ with $85M Series B round

Desire2Learn ‘just getting warmed up’ with $85M Series B round | Canada's Technology Triangle Inc. | Scoop.it

Kitchener-based Desire2Learn has closed an $85-million Series B investment round as its global footprint in educational technology grows at an ever-quicker pace. With more than 1,100 clients and about 15 million learners already using its product, Baker predicts only more growth ahead as learning becomes more personalized and spreads beyond educational institutions and into workplaces.

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BlackBerry closes chapter on restructuring process: Chen

BlackBerry closes chapter on restructuring process: Chen | Canada's Technology Triangle Inc. | Scoop.it
‘Barring any unexpected downturns in the market, we will be adding head count in certain areas such as product development, sales and customer service, beginning in modest numbers,’ CEO says in internal memo (RT @lisadrewradio: Waterloo's BlackBerry...
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Solar power surging to forefront of Canadian energy

Solar power surging to forefront of Canadian energy | Canada's Technology Triangle Inc. | Scoop.it
The action on large solar projects is taking place only in Ontario, where pro-renewable-energy government policies essentially subsidize solar installations. That has not been duplicated in any other province.
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Make way for a funkier, cooler Waterloo

Make way for a funkier, cooler Waterloo | Canada's Technology Triangle Inc. | Scoop.it

Intermarket Developments Inc. is spending about $160 million to revamp the site of the former NCR plant into a mixed-use project that includes office space, data centre, retail, restaurants and grocery store..

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How to Relocate Your Business

How to Relocate Your Business | Canada's Technology Triangle Inc. | Scoop.it
Running out of space? In an area that's headed downhill? Need an upgrade? It might be time to move your business to another location.
Canada's Technology Triangle Inc.'s insight:

Chief among current reasons for relocation is the need for a suitable work force..




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Terra Nova Shoes moving footwear factory to Cambridge

Terra Nova Shoes moving footwear factory to Cambridge | Canada's Technology Triangle Inc. | Scoop.it

A footwear factory that operated in a small Newfoundland community for more than 40 years relocating to Ontario.

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Now Available! June Edition of The Triangle

Now Available! June Edition of The Triangle | Canada's Technology Triangle Inc. | Scoop.it

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Canada's Technology Triangle Inc.'s insight:

Articles Include:

CTT Inc. Releases New Video Celebrating Waterloo Region's Evolutionary and Transformative Nature

Velocity Foundry and Garage Opening

Brainport Eindhoven Region - Sound Familiar?

Athena Software - New Zealand/Australia/Canada World Tour 2013

Highlights From June 3rd's Tuesdays Thought Leadership - Waterfront Toronto

CTT Inc.'s Federal and Provincial Government Team In Global Markets

Hope For The Best, Prepare For The Worst

Brain Gain - How Innovative Cities Create Jobs Growth In An Age Of Disruption

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