The Cowan Foundation Makes Donation to the Accelerator Centre to Support Clean Tech Innovation

Waterloo, October 16, 2018 – The Cowan Foundation and The Accelerator Centre are pleased to announce a collaboration to support clean tech innovation. The collaboration will see The Cowan Foundation make a $50,000 donation to the construction of the Accelerator Centre’s clean tech accelerator facility, recently named the TD Sustainable Future Lab (the Lab).

The Lab and adjacent community hub, evolvGREEN, will be located in evolv1, the first-ever Zero Carbon Building – Design certified project by the Canada Green Building Council and will include research activities, academic programming and the startup accelerator.

The Accelerator Centre has a strong history of supporting high growth technology companies and has worked with more than 500 startups throughout its 12-year history. Graduates of The Accelerator Program™ include Canadian success stories Kik Interactive, Mioivsion, Axonify, Alert Labs and SSIMWAVE. The Accelerator Centre has already started to apply its award-winning program model to the cleantech startups through a pilot program supported by the Ontario Trillium Fund and will move this programing into the new facility in December 2018.

“We were very intrigued when we heard about the evolv1 building and the Accelerator Centre’s clean tech initiative”, said Terry Reidel, Executive Director, The Cowan Foundation. “It is clear that this innovative space for new clean tech companies will be instrumental in driving innovation, research and collaboration. Our Foundation believes these concepts are also important in our philanthropic endeavours, therefore we are proud to support the completion of the Lab’s interior space, where entrepreneurs will be provided with the tools to learn, grow and become the next leaders in driving a clean and environmentally sustainable economy.”

Canadians are passionate about improving sustainability.” says Paul Salvini, CEO, Accelerator Centre. “We are excited to have the opportunity to work with organizations like The Cowan Foundation and to pull the community together in support of the entrepreneurs who are the future of our low-carbon economy. The Lab is a bold initiative and we are grateful for The Cowan Foundation’s support in making this ambitious community vision a reality.”

About the Accelerator Centre

The Accelerator Centre is an award-winning startup accelerator dedicated to building and scaling sustainable, globally competitive companies and giving startups the highest probability of long-term success. In 2018, they were ranked the #4 Accelerator Program in the world due, in part, to a reputation for meaningful, one-to-one mentorship and helping entrepreneurs go from the idea stage to high-growth enterprises. In their 12-year history, the Accelerator Centre has worked with over 500 startups, those companies have created over 3,000 full time jobs and brought over $600M in investment into the region. For more information or to apply to the program visit our website www.acceleratorcentre.com.

About The Cowan Foundation
The Cowan Foundation was started in 1995 in honour of Frank Cowan, the founder of Frank Cowan Company and Cowan Insurance Group. The Foundation is sustained by the ongoing success of the Princeton Holdings group of companies including Cowan Insurance Group, Frank Cowan Company, The Guarantee Company of North America, Cowan Asset Management and Fountain Street Finance. Together they provide insurance and risk management products and services for individuals, businesses, organizations and public entities, as well as assisting employers with their group benefits, retirement and health and disability management plans. The goal of The Cowan Foundation is to make a positive difference in the lives of Canadians and the broader well-being of our communities. For more information, please visit www.cowanfoundation.ca.

For more information contact:

Tabatha Laverty
Manager, Marketing and Communications
Accelerator Centre
tlaverty@acceleratorcentre.com

TD Announces $1M Contribution to The Accelerator Centre for Clean Tech Innovation

TD and The Accelerator Centre to Launch Clean Tech Accelerator, TD Sustainable Future Lab, in Waterloo to advance clean economy

TORONTO, October 11, 2018 –  TD Bank Group (TD) announced today, through The Ready Commitment, the bank’s new corporate citizenship platform, a $1 million contribution towards the development of the TD Sustainable Future Lab at the Accelerator Centre in Waterloo.

The Lab is the region’s first cleantech accelerator and will be the centerpiece of a new cleantech community hub known as evolvGREEN. The project will offer support and mentorship to startups that are working to develop sustainable solutions that drive the economy and foster a culture of sustainability.

The Accelerator Centre has a strong history of supporting high growth technology companies and has worked with more than 500 startups throughout its 12-year history. Graduates of The Accelerator Program™ include Canadian success stories Kik Interactive, Miovision, Axonify, Alert Labs and SSIMWAVE. The Accelerator Centre has already started to apply its award-winning program model to the cleantech startups through a pilot program supported by the Ontario Trillium Fund and will move this programming into the TD Sustainable Future Lab in December 2018.

“We’ve had a front row seat to Canadian innovation and the passion that so many entrepreneurs have for solutions for a cleaner economy,” says Paul Salvini, CEO, Accelerator Centre. “The launch of the TD Sustainable Future Lab and evolvGREEN will give organizations from across the region come together to create a hub that will drive growth and amplify the impact we can make in the clean economy.

Expanding Investment in the Waterloo Region

The TD Sustainable Future Lab builds on TD’s other investments in the Waterloo-region innovation ecosystem all of which are aligned to the TD innovation philosophy to explore and develop solutions that help to create exceptional customer and employee experiences.

“The global transition to a low-carbon economy is an opportunity for Canada, and this important contribution builds on our history of environmental leadership to advance a sustainable and inclusive tomorrow,” says Nicole Vadori, TD’s Head of Environment. “The Waterloo region has a rich history of innovation and nurturing the development of leading global technology companies and leaders. We believe our focus on cleantech will position homegrown cleantech companies to compete and win in the global market while at the same time help to build the low carbon infrastructure needed to move Canada’s economy forward.”

The TD Sustainable Future Lab will have a goal of supporting 40 cleantech startups over the next five years and will officially open its doors in December 2018.

The Ready Commitment

In March 2018, TD launched a new corporate citizenship platform, The Ready Commitment, to help build a more inclusive and sustainable tomorrow. Under this multi-year initiative, TD seeks to connect its business and employees, and its philanthropic contributions, towards helping people feel more confident to participate and succeed in a changing world. The Ready Commitment includes a target of $100 billion in low-carbon lending, financing, asset management and other programs by 2030, which is intended to help accelerate the development of a low-carbon economy, including renewable and clean energy technologies, businesses and processes. TD was among the first in the banking industry to devote significant resources to help fund proactive climate change solutions.

About the Accelerator Centre

The Accelerator Centre is an award-winning startup accelerator dedicated to building and scaling sustainable, globally competitive companies and giving startups the highest probability of long-term success. In 2018, they were ranked the #4 Accelerator Program in the world due, in part, to a reputation for meaningful, one-to-one mentorship and helping entrepreneurs go from the idea stage to high-growth enterprises. In their 12-year history, the Accelerator Centre has worked with over 500 startups, those companies have created over 3,000 full time jobs and brought over $600M in investment into the region. To learn more or apply to the program, visit www.acceleratorcentre.com

About TD Bank Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”). TD is the sixth largest bank in North America by branches and serves more than 25 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America’s Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in TD Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks among the world’s leading online financial services firms, with approximately 12 million active online and mobile customers. TD had CDN$1.3 trillion in assets on July 31, 2018. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.

For further information or Media Inquiries:

Tabatha Laverty
Manager, Marketing and Communications
Accelerator Centre
519-497-7784
tlaverty@acceleratorcentre.com

Alert Labs Announces Acquisition by Watsco and a New Product in its Line of Smart Home Devices

Smart home monitoring company, Alert Labs Inc., who graduated from The Accelerator Program in 2017, announced today that they have  been acquired by the Florida based HVAC/R distributor Watsco, Inc.

4 years ago, Alert Labs founders Ruth Casselman, George Tsintzouras, and Kevin Wright began building Alert Labs with the goal of creating innovative solutions for home monitoring which were easy to install, affordable and provided value to home owners and property managers. Since then, the company as experienced rapid growth, receiving funding from GTAN, AC JumpStart and additional VC rounds – quickly becoming one of the region’s fastest growing IoT companies.

Well Aligned Partnership

The relationship with Watsco started when several advisers and investors recommended the team connect with representatives from Watsco Ventures. “There is a lot of alignment between our organizations,” explains Casselman. “We were looking for investors and they were looking for hardware and IoT experts to work on a new project. It was a great match.”

Both organizations recognize the incredible opportunity presented by their partnership and share a commitment to innovation and to helping property managers and home owners reduce the risk of damage to their homes.

“Alert Labs is an exceptional team of innovators, with an entrepreneurial culture that is consistent and complementary to ours. This acquisition represents the next phase of investing in ground-breaking technologies intended to deliver unique solutions and opportunities to our customers.” –  A.J. Nahmad, President of Watsco, Inc.

 

“This partnership brings together Alert Labs’ technical experts in commercial IoT technology with Watsco’s channel of HVAC contractors. Our easy-to-install technology expands Watsco’s product offerings and establishes a strong position in the smart-home space. Our vision has always been to help homeowners reduce wasted costs and avoid property damage by giving them valuable, real-time information about what is costing them money in their homes. This partnership with Watsco advances our vision into reality.” – George, Tsintzouras, CEO of Alert Labs

Soon after meeting, Watsco Ventures invested in Alert Labs  and they began co-developing the next product in Alert’s suite of easy to use, affordable home monitoring devices, an A/C monitoring system named Sentree.

Like their flagship devices for water monitoring (Flowie and Floodie), Sentree takes 10 minutes to install and allows for remote monitoring of air conditioner systems from anywhere in the world. “Just like heating units are essential in Canadian climates, maintaining operational AC units is critical in warmer climates,” says Casselman. “HVAC service providers, property managers, and homeowners can have peace of mind knowing the air conditioner is operating normally, and that Sentree will alert them if there are potential problems.”

As with other Alert Labs sensors, Sentree uses a cellular network and does not require a separate data plan agreement, on-site internet, or WiFi connection. The Dashboard, for computer and mobile devices, provides service teams with access to detailed data and analytics about air conditioner performance. Homeowners can see that their air conditioner unit is online and operating, and have comfort knowing that should something unusual happen, their service provider will be notified by the Sentree system.

What’s Next For Alert Labs.

Alert Labs will continue to operate out of their Kitchener location and continue to have their eye on growth. “We are moving forward with the same product roadmap and the same team we’ve built here in Kitchener-Waterloo, with the added benefit of the network and expertise of our partners at Watsco.” say Casselman. “We are very lucky to live in a community where there’s a lot of support for startups and we are grateful for that support. We are looking forward to growing here and hoping to give back to the community as well.”

This fall, Alert Labs plans to launch another new offering, Sumpie, the world’s first predictive sump pump sensor.

 

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