ventureLAB is pleased to announce our very first Accelerate AI Cohort!
Accelerate AI, ventureLAB’s newest program, enables high potential, scale-ready AI startups across Canada to accelerate their growth. Funded through Scale AI (Canada’s AI Supercluster), Accelerate AI propels technology startups powered by AI to fast-track their delivery in the supply chain industry. Through tailored, streamlined guidance and mentorship, and with access to Canada’s leading Hardware Lab, participating ventures will accelerate their development and commercialization by focusing on four key areas: attracting and retaining talent, customer acquisition, access to capital, and technology development. Based in York Region, Canada’s second-largest tech cluster, Accelerate AI leverages the Region’s existing strengths and expertise to further expand Canada’s AI leadership.
The 5 companies who have been accepted into this rigorous and competitive program represent the wide spectrum of Canada’s innovative AI solutions, from accessible augmented reality to additive manufacturing to supply chain data analytics.
The 5 members of the inaugural Accelerate AI cohort:
AutoMetrics
AutoMetrics is an industrial automation startup introducing Inspection 4.0, a machine-learning-powered system for quality inspection of welding operations in industries such as automotive suppliers and shipbuilding. AutoMetricsWe leverages advanced analytics enabled by a high-performing sensor and IoT system to provide manufacturers with a centralized quality management platform to avoid defects in real-time and eliminate the risk of poor quality or mitigation costs.
AutoMetrics envisions extending Inspection 4.0 to a broad range of complex manufacturing operations, replacing the status quo of inspection for defects after production with quality assurance parallel to production.
DeepSight
DeepSight has built a turnkey platform for the authoring and display of 3D content in augmented reality. The tools it has developed are currently used for training purposes and to support the workforce by allowing the creation and consultation of holographic guides for complex procedures (assembly, maintenance, training etc.).DeepSight’s Our software suite is also used for commercial purposes in the sales cycle of heavy equipment and custom machinery for iteration, product visualization, and implementation.
DeepSight seeks to use augmented reality to empower people first in their work and then bring the positive outcomes to elevate people in their daily lives. Through their code-free environment, they are making the creation and use of augmented reality accessible to anyone and stimulate the collective creativity to create powerful experiences of all genres.
Mech Solutions
Mech Solutions Ltd is an Ontario-based 3D printing company, providing a one-stop shop for all 3D printing needs. The service includes 3D printing retailing, 3D printing service, 3D education, mechanical design, simulation, and 3D printing related software.
Incorporated in 2017, Mech Solutions is a hi-tech start-up company in the 3D printing industry based in Vaughan, Ontario. With over 30 employees, Mech Solutions focuses on developing a cloud-based AI-powered 3D printing management platform, Cloud 3D Print, and provides related business such as 3D printer sales and maintenance, designs, rapid prototyping. The vision is to provide the Additive Manufacturing Industry with innovative solutions by fully utilizing their R&D team’s specialties in deep learning and computer vision, IoT, cyber security, cloud computing and live streaming.
The Owl Solutions
The Owl Solutions is a supply chain data analytics SaaS platform.They provide a powerful analytics tool that allows executives and supply chain professionals to easily monitor, detect and rectify performance anomalies faster and more efficiently.
The platform is the first of its kind, and does all the heavy lifting when it comes to implementation, supporting clients by reviewing processes and data anomalies, while ensuring all aspects of their supply chain are well taken care of, spotting issues before they become business liabilities.
Portable Intelligence
Portable Intelligence is delivering the next generation of warehouse management systems using technology based on indoor maps of your facility. They’re creating new insights and analytics around warehouse efficiencies by function, worker, and equipment utilization. Correlating location metrics to standard warehouse production data yields game changing insights driving dramatic efficiency gains. Portable Intelligence provides integrated solutions that improve warehouse agility and inventory accuracy.
About Accelerate AI
Led by our seasoned expert Advisors and business leaders Garry Chan and Krishna Vempati, this free comprehensive 6-month program will propel Accelerate AI companies to solve the modern-day challenges of the supply chain industry by leveraging artificial intelligence and machine learning into their established product offerings. We are excited to watch the immense growth of these companies as they tackle some of the most challenging entrepreneurial hurdles in technology today.
About ventureLAB
ventureLAB is a leading global founder community for hardware technology and enterprise software companies in Canada. Located at the heart of Ontario’s innovation corridor in York Region, ventureLAB is part of one of the biggest and most diverse tech communities in Canada. Our initiatives focused on raising capital, talent retention, commercializing technology and IP, and customer acquisition have enabled thousands of companies to create over 4,000 jobs and raise more than $200 million in investment capital. At ventureLAB, we grow globally competitive tech titans that build-to-scale in Canada, for global markets.
