A medical artificial intelligence (AI) startup was named one of 2017’s 20 most innovative technology companies by the Canadian Innovation Exchange (CIX) earlier this month.
Elucid Labs, a startup founded by three University of Waterloo researchers, uses AI technology in a small imaging device for the early detection of skin cancer. The technology helps dermatologists make better, faster decisions and reduces the number of unnecessary biopsies.
The
company’s
co-founders
are
Alexander
Wong,
a
professor
of
systems
design
engineering,
Iman
Khodadad,
an
electrical
and
computer
engineering
PhD
graduate
from
Waterloo,
and
Farnound
Kazemzadeh,
who
undertook
much
of
the
research
as
part
of
his
PhD
at
Waterloo.
“The
revolutionary
technology
developed
by
Elucid
Labs
enables
unique
AI-powered
deep
tissue
analysis
beyond
the
surface,
making
it
a
game
changer
for
enhanced
clinical
decision
making
support,”
said
Wong,
who
is
also
the
Canada
Research
Chair
in
Medical
Imaging
Systems.
“We
are
very
honoured
to
have
Elucid
Labs
receive
recognition
for
this
innovation
by
CIX.”
Top Hat founded by University of Waterloo engineering graduates Mike Silagadze and Mohsen Shahini, was also named to CIX’s top 20 tech company list. Launched in 2009, the company’s interactive, cloud-based teaching platform enables professors to engage students inside and outside the classroom.
Companies are selected for the annual CIX Top 20 program by a committee comprised of technology experts and investors from across the country.
Hundreds of profiles were submitted for consideration this year based on key factors including product/service offering, depth of management, market opportunity and business model.