Continuing its exemplary track record in transforming start-ups into world-class technology businesses, the Accelerator Centre announced today the graduation of Nicoya Lifesciences, RENOMii and TeTechS from its rigorous incubation program.
Nicoya Lifesciences is leveraging the power and potential of nanotechnology to create affordable analysis instrumentation for medical researchers. Founded by University of Waterloo researcher Ryan Denomme, Nicoya’s OpenSPR personal label-free biomolecular analysis instrument is easy to use, compact and affordable, making it highly accessible equipment for any lab to own.
For contractors and renovators, RENOMii has created a simple-to-use web app to manage and track change order requests and client communication. The company is the brainchild of co-founders Scott Barker and Kara Smith, who realized that home renovators were missing a simple-to-use tool to eliminate most of the stress created by miscommunication between contractors and their clients. The RENOMii team has recently teamed up with Home Hardware Stores Ltd., to offer the RENOMii software program in Home Hardware stores across Canada.
The terahertz vision sensor technology of TeTechS uses terahertz waves to find previously undetectable objects and defects in advanced manufacturing processes, solving customer problems that cannot be addressed using visible, infrared and x-ray vision sensors. Founded by University of Waterloo PhD, Daryoosh Saeedkia, TeTechS was recently nominated for a 2015 Business Innovation Award by the Greater Kitchener-Waterloo Chamber of Commerce. The company’s terahertz sensors will also soon be featured on Discovery Channel’s How It’s Made program.
“Once again we are graduating companies from our program that represent a wide diversity of technologies and industries,” says Paul Salvini, CEO of the Accelerator Centre. “While the industries served and problems addressed by Nicoya, RENOMii and TeTechS are vastly different, each company has leveraged their experience at the Accelerator Centre to build a strong and sustainable business, with the potential for large-scale growth and impact.”
The Accelerator Centre® (AC) is dedicated to building and commercializing technology start-ups. The AC provides an essential combination of mentorship, educational programming, professional office space, networking, and access to funding, with a goal of building successful companies. Over a two- to three-year period, we help entrepreneurs move from start-up to scale-up, accelerate their time to market, and attract customers, investment and revenue.
Since 2006, the Accelerator Centre has developed and nurtured over 180 early-stage technology start-ups, creating 1200+ new jobs, and generating more than $500 million in revenue and funding. Forty-eight companies have graduated from the Accelerator Centre, and more than 85 percent of these companies have remained in Waterloo Region.