MaRS' Investment Accelerator Fund commits to five Ontario businesses

Posted by Techvibes NewsDesk

MaRS announced support for five Ontario businesses through the Investment Accelerator Fund (IAF) today. The IAF provides an equity-type investment to businesses that develop and bring to market innovative new technologies or services.

The IAF and its related program, the Investment Accelerator Fund-Life Sciences (IAF-LS), support the launch and development of innovative companies in Ontario's priority sectors: advanced materials and manufacturing, information technology, cleantech and life sciences. The IAF support also helps these businesses to attract additional investment. The IAF has committed to supporting each of the following businesses:

 

  • Verold: This software company has developed a content creation platform that significantly reduces the time required to create ready-to-animate 3D content for media consumption (games, web content and AR/VR worlds).
  • FuturestateIT: The company offers a SaaS solution called AppRx that automates the monitoring and testing of applications to ensure they are kept current, compatible and compliant with changes in the IT environment.
  • SurfEasy: SurfEasy has developed a USB key that improves Internet privacy and security through password protection and encryption. The USB key securely stores the user's web history, bookmarks and passwords, ensuring no personal data is left behind on the computer or network.
  • GreenMantra: GreenMantra uses a proprietary catalyst to economically produce commercial quality waxes and fuels by recycling plastics. The company's pilot facility is now consistently producing waxes that have been evaluated by over 20 potential customers.
  • Interface Biologics: Interface Biologics Inc. (IBI) is a privately held, early-stage company that develops transformative biomedical polymer technology to improve the safety and effectiveness of medical devices. The company focuses on 1) anti-thrombogenic additives that reduce thrombosis without the need for heparin and 2) programmable combination drug delivery devices.
Company:
MaRS
Website:
http://www.marsdd.com
Location:
Toronto, Ontario, Canada

MaRS connects the communities of science, business and capital and fosters collaboration among them. This happens physically through location of research labs, companies of all sizes, business advisors, investors and professional services within the MaRS Centre and more broadly through hands-on advisory services, entrepreneurial programming, our structured networks and expanding electronic community. Located in... more

Company:
Verold
Website:
http://www.verold.com
Location:
Toronto, Ontario, Canada

Verold is a Toronto based software company focused on the development of a next generation content creation platform that delivers an unprecedented level of automation to 3D graphics production. The Verold solution vastly reduces the time required to create ready-to-animate 3D content for media consumption, such as games, web-content, augmented and virtual reality (AR/VR) worlds and film.  The company is currently... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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