MARKHAM, Ontario, December 7, 2021 – Today, ventureLAB announced new partners for its Hardware Catalyst Initiative, the only laboratory and incubator in Canada for computer hardware and semiconductor companies, funded in part by the Government of Canada under the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) with an investment of $ 9.7 million.
The new partners join ventureLAB’s global network of more than 30 industry leaders, including Siemens, Silicon Catalyst, TSMC, Arm and many more. Together with founding partners AMD, Synopsys and others, the Hardware Catalyst Initiative partners have committed more than $ 15 million in resources, equipment, expertise and mentorship to participating companies.
As demand for chips and sensors continues to rise, global shortages and production disruptions signal the importance of building a strong and resilient Canadian hardware and semiconductor supply chain.
Join the Hardware Catalyst Initiative’s global network of innovators:
- Imec, a leading research and innovation center in the field of nanoelectronics and digital technologies.
- Dena Technologies, a recognized leader in PCB design, assembly and logistics solutions, helping the world’s most forward-thinking technology companies bring their ideas to life.
- Micro-interfaces design (MID), providing a holistic approach to the hardware startup ecosystem with capital, product development, assembly, business development and business strategy, going beyond standard consulting services to deliver solutions tailor-made to turn customer ideas into products; and
- Test force and their measurement experts, helping companies develop their semiconductor testing strategies by representing leading brands of test and measurement instruments.
âSemiconductors power virtually every modern technology and product, but it’s an industry that poses greater barriers for Canadian startups,â said Melissa Chee, president and CEO of ventureLAB. âThe time to market is longer and more expensive, and requires highly specialized engineers. We’re excited to partner with these industry leaders to enable companies to go global and create hands-on experiences to solve real industry challenges.
âWe are excited to join the Hardware Catalyst Initiative and offer our expertise and ecosystem by leveraging start-ups to create breakthrough products and technologies. At imec, we believe that start-ups are essential to building a sustainable future, âsaid Raffaela Borzi, Vice President, Strategic Partnerships, Americas.
Seneca College is also joining the extensive network of Hardware Catalyst Initiative partners. With a focus on building talent and skills, ventureLAB and Seneca will create work-integrated learning opportunities and hands-on experiences in industry and laboratory, with an emphasis on data analysis and electronic engineering.
âSeneca is delighted to be working with ventureLAB, the Government of Canada and our many industry partners on the Hardware Catalyst initiative,â said Seneca President David Agnew. âThis initiative will give our students the opportunity to help develop made-in-Canada solutions to strengthen the hardware and semiconductor supply chain.
The global semiconductor industry plays a crucial role in technological advancement and innovation, as part of a $ 7 trillion market that powers advanced technologies such as electric vehicles, robotics in the world. precision farming and 5G communication in mobile devices. The industry is also a major contributor to job creation, attraction and retention, generating nearly five new jobs for every semiconductor job created.
To learn more about the Hardware Catalyst Initiative, visit www.venturelab.ca/HCI.
About the Hardware Catalyst Initiative
ventureLAB Hardware Catalyst Initiative is the only laboratory and incubator in Canada for founders who manufacture semiconductor-focused hardware and products, enabling the creation of transformative technologies that will power our products of tomorrow, including healthcare technologies, consumer electronics , telecommunications, smart energy, connected transport, and more. Funded in part by the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Hardware Catalyst helps technology companies get to market faster in a growing industry. Normally requires long entry and scale-up times, allowing Canadian hardware and semiconductor companies to grow and expand locally, and compete globally.
ventureLAB is a global community of leading founders for hardware technology and enterprise software companies in Canada. Located at the heart of Ontario’s innovation corridor in York Region, ventureLAB is part of one of the largest and most diverse technology communities in Canada. Our initiatives focused on raising capital, retaining talent, commercializing technology and intellectual property, and acquiring clients have enabled thousands of businesses to create more than 4,000 jobs and raise more than $ 200 million in investment capital. At ventureLAB, we develop globally competitive technology titans who build scale in Canada, for global markets.
About FedDev Ontario
For over 12 years, FedDev Ontario has actively worked to advance and diversify Southern Ontario’s economy through funding opportunities and business services that support innovation and growth in Canada’s most populous region. The Agency delivered impressive results, which can be seen in southern Ontario businesses creating innovative technologies, improving their productivity, increasing their incomes and contributing to the economic advancement of communities in the region.