Waterloo Biology student and three other Velocity Science entrepreneurs will be heading to the Canadian National Exhibition later this month to compete for $25,000 in the inaugural CNE Innovation Garage pitch competition.
The three day event will take place August 19 to 21 and highlight emerging ideas from 25 of Ontario's most imaginative and inspiring young inventors.
Velocity Science startups Acorn Cryotech, Arylla Inc., Curiato and Suncayr were named 2016 CNE Emerging Innovators Pitch Competition Finalists.
Arylla Inc. will kick off the event with their pitch in the Agri-Tech and Food Tech competition. They've created a multi-tier platform that provides pharmaceutical manufacturers a secure way of identifying counterfeit products using biocompatible technology.
Both Acorn Cryotech and Curiato will be competing in the Bio-Tech and Health Tech competition.
Biology student Steven ten Holder (4B) will be pitching for Acorn Cryotech. A company focused on finding a long-term and affordable human cell preservation service to help improve the health and longevity in the future.
Curiato is working on a fully automated mattress capable of detecting potential areas for pressure ulcers and redistributing the pressure for optimal health.
Suncayr will pitch the following day in the Lifestyle Innovation category. They've created a smart indicator of UV light for the skin that changes colour to indicate the effectiveness of sunscreen throughout the day.
Beginning August 19th, a panel of judges will select the top idea in each of five categories based criteria such as market opportunity and competitive advantage, problem and solution fit, as well as marketing strategy.
For more than a century, the CNE was the place where people came to see the latest and greatest in innovations such as the electric railway, the television, and virtual reality in the early 90s,” said CNE General Manager Virginia Ludy. “Innovation is an important part of our heritage and we are thrilled to reboot this tradition and make it relevant and exciting for today’s audience.
The judges are Canadian Space Agency astronaut Jeremy Hansen; Scott Bowman, Senior Director, Futurpreneur Canada; Ana Serrano, Chief Digital Officer, Canadian Film Centre; Linda Maxwell, Biomedical Zone Director at Ryerson University; and Kevin Zemnickis, Market Development & Mobile, PayPal Canada, among others.
The winner from each category will receive a prize of $5,000, and move on to compete in the Grand Finals for the top prize of $25,000 on Sunday, August 21 at 5:30 pm.
The CNE Innovation Garage will also includes an Innovation Playground where visitors can interact with new products and technology and the Innovation Garage Stage where industry influencers will speak.
The Pitch Competition is a three-day special event that will take place August 19 to 21 in Hall F in the Enercare Centre, Exhibition Place. The event is free with admission to the CNE.
|Company||Date and Time|
|Arylla Inc.||Friday August 19 at 12:30 PM|
|Acorn Cryotech||Friday August 19 at 3:00 PM|
|Curiato||Friday August 19 at 3:00 PM|
|Suncayr||Saturday August 20 at 12:30 PM|