A Waterloo Engineering PhD candidate secured significant federal funding this week for his innovative autonomous driving technology that can transform Canada’s mining sector.
Chao Yu, a mechanical and mechatronics engineering doctoral candidate and Master of Business, Entrepreneurship and Technology (MBET) student, received over $300,000 from the Government of Canada’s Mining Innovation Commercialization Accelerator Network for his startup company LoopX and their project to develop reliable 5G-enabled autonomous driving for underground mining.
His funding is part of a $15 million dollar investment in innovative mining solutions to better equip Canada’s mining sector to become a major industrial player in a new green economy.
“Our government is determined to make innovation the cornerstone of the low-carbon economy,” said The Honourable François-Philippe Champagne, federal Minister of Innovation, Science and Industry, in a media release. “As the demand for essential minerals grows, our mining industry will continue to play a vital role in this green transition, thanks in part to groundbreaking projects like those presented today."
LoopX, a start-up company founded by doctoral candidate Chao Yu, has received federal funding for their project to develop reliable 5G-enabled autonomous driving for underground mining.