Two Canadians invented the first-ever light bulb and the telephone, and Edison bought the patents from them later on. Canada is globally known as the Country of Innovators. Canadian technologies such as the creation of the robotic arm used in space shuttles and the pacemaker’s development are innovative technologies that have changed the world.
BDC Capital is the only bank in Canada that devotes its support for the next phase of Canadian Innovations. The BDC Capital supports 700 startup tech companies in Canada. The bank has an asset management value of 2 billion, and it helps companies at every step of the way.
The bank has diversified into healthcare, technology, information technology, and communication. BDC has made sure that small entrepreneurial companies can access the capital needed to create breakthrough products.
BDC also helps other tech companies gain access to significant financial investments for scaling up the business. The bank facilitates a broader reach of the Canadian tech community by providing venture capitalists and entrepreneurs with quality resources, advice, and educative material.
The positive results of BDC Capital’s hard work are seen through the growing tech sector, attracting the right investors and an international front in areas such as clean technology and artificial intelligence.
These are ten companies in the BDC portfolio that are growing exponentially, from Ecobee’s thermostat to Miovision’s tech, offering city security and ensuring safety. These companies demonstrate how the new generation entrepreneurs are bringing Canadian innovators to the worldwide market space.
1. Eigen Innovations
Scott Everett loved cars ever since he was a young boy. He grew up on a farm, and his love of machinery made him practice mechanical engineering. Eventually, Scott founded Eigen Innovations, a company that uses predictive analytics and artificial intelligence to make spare part makers more productive.
The Frederiction Company, a company Eigen Innovations, improves efficiency from companies to improve sensors, collect data, provide analytics, and boost productivity. The company has grown to do business in Europe, Japan, and Mexico.
2. Hopper
Frederic Lalonde, the CEO of Hopper, highlights that the early bird in Airline booking and hotel accommodations never gets the best deal. However, Hopper is a company geared towards offering a solution.
Lalonde is a seasoned expert who sold an online hotel booking company to Expedia in 2012. He realized the need to help low-budget travelers to travel with less worry. Since 2014, Hopper has switched to artificial intelligence to analyze online prices and predict the perfect time to book.
Payless travel more with Hopper
His edge in providing a different hotel booking model has made Hopper arrange 100 million trips, making it a recognized travel app in North America.
3. Ecobee
In a generation where Google has established its fan base, most entrepreneurs wouldn’t want to compete with Google. However, Ecobee, founded by Stuart Lombard, is giving his best shot against the tech giants and its large global brand.
Since creating a wave in the Wi-Fi smart thermostat business in 2007, and the company has assisted millions of Canadian homeowners by managing their energy consumption by 30 percent. Controlled energy consumption places Ecobee as a superior player in the smart thermostat market.
Lombard’s goal when he launched Ecobee was to provide people with a product that saves money and conserves energy. The main purpose of Ecobee is to make the world a better place.
4. Miovision
Miovision is a company that specializes in using sensors, artificial intelligence, and linked software to get steady information. Kurtis McBride founded the company in 2005, and he uses technology to analyze data and provides detailed traffic information to improve road use.
This technology has helped 65 countries improve traffic usage and reduce carbon emissions by ensuring less car idling. The intelligence software improves traffic flow by changing timings on-road signal timings for drivers.
Miovision’s dedication is to provide road users with safer cities and smarter road use. These tech companies’ innovations have made Canada a major tech leader.
