Waterloo's Hyperdrive Announces Second Cohort of Startups

Posted by Techvibes NewsDesk

Despite a small population, Waterloo has been recognized one of the world's best startup ecosystems and praised by well-respected investors.

In 2007, the city hosted 443 technology companies and 66 startups who generated a combined $9 billion. Just five years later, in 2012, a whopping 862 tech firms and 450 startups are generating a staggering $30 billion.

The Waterloo tech hub continues to thrive thanks to organizations like Communitech. And today Communitech's Hyperdrive program added to the growing number of startups with the announcement of their second cohort of 11 companies.

The following 11 companies make up the second Hyperdrive cohort:

  • WellRead - a news gathering service that learns what is most important to the user and makes it simple to keep up with what matters to them, cutting out the need to search multiple sources.
  • The Dandy Co. - a community driven app developer which involves the community from initial pitch to completed product. Profits are divided amongst the community based on each user's level of contribution.
  • The Open Doors Network - a developer of web applications for homeowners so they can better maintain their investment. Emails are sent to users to remind them when different maintenance issues should be addressed and provides solutions.
  • CreamHR - an accurate top-of-the-filter employment assessment service. CreamHR provides businesses with a way to quickly and accurately hire the right person for the job, eliminating inaccurate recruiting.
  • PumpUp - a personalized fitness coach that gives individuals the guidance and motivation they need when it comes to working out. Answering a few simple questions provides the user with a personalized routine that shows them exactly what to do, how to do it, and adapts their routine to help them reach their goals.
  • GroupNotes - a collaborative tool that can be used to easily share, annotate, and comment on websites. It allows its users to form a digital group online, enabling its members to leave virtual sticky notes and annotations on webpages so that as other members browse those sites they see the notes others left behind.
  • BeanEvo - a web-based application offering an easy-to-use, cost-effective and customizable online accounts payable automation solution tailored to the size of any business.
  • ViewsIQ - a medical technology company that makes microscope imaging solutions. ViewsIQ has created a way to digitize lab samples so that anyone with a standard microscope can create and send an image of the sample to a pathologist anywhere in the world for diagnosis.
  • ESL Explorer - an online marketplace, catalogue of schools, niche social network and a ratings and review site for English language schools. The website makes it simple for students to pick the right courses in the right location for them.
  • Inception Mobile - a "friction free" multi-platform mobile application development tool. It allows developers to simultaneously target multiple mobile platforms without having to rewrite a single line of code.
  • Oikoi - a matchmaking platform for tenants, landlords and property managers. Rather than a general purpose marketplace approach employed by Kijiji and Craigslist, Oikoi specializes in quickly connecting tenants to highly relevant apartments, and providing pre-qualified leads to landlords.
Company:
Communitech
Website:
http://www.communitech.ca
Location:
Waterloo, Ontario, Canada

Communitech is located in Waterloo Region, 110 kilometres (66 miles) west of Toronto, Ontario, Canada in an area that includes the cities of Kitchener and Waterloo. Communitech is the regional hub for the commercialization of innovative technologies supporting and building a Southwestern Ontario tech cluster of close to 1,000 companies that now generates more than $30B in revenue. A member of the Ontario Network... more

Company:
Communitech HYPERDRIVE
Website:
http://hyperdrive.communitech.ca
Location:
Kitchener-Waterloo, Ontario, Canada

Communitech HYPERDRIVE is a startup incubator that provides enhanced mentorship and other life cycle services to early-stage tech companies. The goal of the program is to maximize the ability of these companies to commercialize innovations and prepare them for investment opportunities. The program also enables 'soft landings' for experience in foreign markets, and higher visibility for investment sources and... more

Company:
Cream.hr
Website:
http://cream.hr
Location:
Toronto, Ontario, Canada

Cream is a pre-employment assessment service. We are a top-of-the-funnel filtering system that allows employers to quickly and easily filter out unproductive candidates before reading a single resume. We rate the intrinsic skills that correlate to productivity of every candidate to determine who are the few (roughly 15% of applicant pool) that will increase productivity in a work environment. more

Company:
PumpUp Inc.
Website:
http://pumpup.co
Location:
Toronto, Ontario, Canada

PumpUp is the world's most inspiring community for healthy and active living! PumpUp is the first photo-based social network for healthy and active living. Harnessing the power of the social networking and selfies trends, the PumpUp platform motivates and inspires people to live and maintain an active lifestyle. Our mission is to improve the health, fitness and lives of people across the globe. more

Company:
Groupnotes
Website:
http://groupnotes.ca
Location:
Waterloo, Ontario, Canada

Groupnotes allows you to start a private discussion board right on top of any website. With Groupnotes, you can discuss anything from YouTube videos to news articles and even things you're thinking of buying right on top of the content. Winner of Toronto Startup Weekend and Global Startup Battle 2012. more

Company:
Oikoi
Website:
http://www.oikoi.co
Location:
Kitchener-Waterloo, Ontario, Canada

Oikoi is matchmaking for rentals - we help you find great apartments fast. Whether you're a professional trying to find a place near your office, a landlord managing your properties, or a tenant looking to sublet for a few months, we make it easy! 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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