•  

Posts Tagged: Connaught Fund

ChipCare closes oversubscribed $5 million series A financing

With lead investment from Puffin Partners, the Ontario, Canada-based company is taking lifesaving blood-testing technology to low- and middle-income countries TORONTO, March 3, 2015 — ChipCare Corporation, a University of Toronto start-up company commercializing a handheld, blood-testing platform for HIV and other infectious and non-communicable diseases has closed a $5.045 million Series A financing to bring its first-generation product to market while further developing the platform’s next generation products. The Wall Street Journal's Venture Capital Dispatch blog, Yonge Street Media, BetaKit and PEHub ... Read more

UTEST announces third cohort of U of T software start-ups

Products range from wearable digital coaches to socially-drive financial investment tools TORONTO (Dec. 2, 2014) — The University of Toronto Early-Stage Technology (UTEST) incubator, co-directed by U of T’s Innovations & Partnerships Office (IPO) and MaRS Innovation, has announced its third cohort of computer science start-up companies. Betakit and Electronic Products &Technology covered this announcement; TechVibes featured Syncadian and Onyx Motion in recent features. The U of T magazine also featured Syncadian and CEO Hanna Janossy in this recent profile. The five companies and ... Read more

The Varsity on UTEST and start-up culture at U of T; Whirlscape launches new Minuum smartwatch demo

"Start-up culture is fast taking hold at U of T, with an array of incubators and accelerators providing student entrepreneurs the resources and mentorships required to get their businesses up and running," writes Ameya Charnalia of The Varsity, the University of Toronto's student newspaper. Charnalia's article focuses on new student-focused incubators, such as the UTEST program, which provide entrepreneurs cash, access to in-house expertise, working space and mentorship to advice their ideas. It appeared in the same week that recent UTEST graduate Whirlscape released ... Read more

U of T names inventors of the year, celebrates top innovators

UTEST companies and MaRS Innovation partnership recognized along with this year's honourees A better keyboard for mobile devices, intelligent traffic lights to tackle traffic jams, a more ecofriendly way to make nanoparticles for applications such as solar cells and agriculture, and an artificial neural network that improves the way computers learn. These four inventions took top honours May 21 at the University of Toronto Celebrates Innovation event. Mobile Syrup covered Whirlscape's involvement in this event. Read the story. The annual event, which has previously honoured ... Read more

UTEST Featured in BetaKit’s The Accelerator Series

The University of Toronto Early Stage Technology (UTEST) program was the focus of a recent online article in BetaKit, a Canadian innovation and technology resource. The article by Joseph Czikk, BetaKit's managing editor, is part of a series on Canada's most promising start-up accelerators and the people who  make them successful. Czikk highlights UTEST "as one of the most value-packed programs in the entire country" and credits the calibre of applicants and ideas to the program's requirement to have at least one co-founder ... Read more

ChipCare’s handheld analyzer attracts one of Canada’s largest-ever healthcare angel investments

Device could significantly improve HIV diagnostics in developing world OTTAWA, September 16, 2013 — An innovative, handheld point-of-care analyzer, developed by ChipCare Corporation, has secured one of the largest ever angel investments in Canada's healthcare sector. Phase II financing has closed, with an investment of $2.05M to support ChipCare's continuing development and commercialization over the next three years. Media coverage: Biotechnology Focus, TechVibes, BetaKit, Healthrender, Crunchbase, Toronto Star and VentureLab. The financing evolved through a uniquely collaborative funding model among Canadian social angel investors, including ... Read more

Crowdmark to save teacher marking time and government dollars

Ed-tech start-up completes successful EQAO and Canadian Open Math Challenge pilots TORONTO, Canada (June 11, 2013) — Crowdmark Inc., a Canadian education technology start-up, is positioned to save cash-strapped Departments of Education millions by making massive-scale testing more efficient. Crowdmark has raised $600,000 in seed funding through the University of Toronto Early-Stage Technology (UTEST) program, MaRS Innovation and U of T’s Connaught Fund, among others. This story was covered by Yonge Street Media, TechVibes, EdSurge and PEHub. The Crowdmark assessment interface, informed by decades ... Read more