Precarn Incorporated

Precarn Incorporated

December 09, 2010 07:01 ET

Meet Canadian Innovators Who Are Accelerating ICT Innovation, Adoption and Wealth Creation-and Experience ICT Innovations Emerging Today that Will Help Shape Our Economy Tomorrow

OTTAWA, ONTARIO--(Marketwire - Dec. 9, 2010) - Media are invited to experience ICT innovations emerging today that will help shape our economy tomorrow at Precarn's 2010 T-GAP Event on Thursday, December 9, 2010 at the Westin Hotel Ottawa. This is a unique opportunity to meet dozens of Canadian entrepreneurs, their R&D collaborators and customers, as they showcase novel Information and Communications Technologies (ICT) that are creating powerful new capabilities in:

  • Life Sciences, including mobile cardiac imaging diagnosis; secure electronic prescriptions; improved brain injury assessment; and medical assistive technology for the visually impaired
  • Energy, Mining and Natural Resources, including technologies that enable improved remote asset monitoring in the oil and gas industry; new energy efficient lighting solutions; online and real-time monitoring of Ethanol production; and enhanced process automation in underground mining
  • Public Safety and Security, including wireless technologies that enable personnel tracking; and a novel tool for the assessment health risks in urban populations
  • ICT, including 'thought controlled' gaming technologies for mobile devices; software that provides online communities with innovative fundraising tools; and 'Artificial Intelligence' for online marketing campaigns

These innovators are helping to build Canada's Digital Economy by creating, commercializing and stimulating the adoption of ICT innovations across many industrial sectors. They are also beneficiaries of the Precarn program, which is founded on industry-led/customer-driven projects that target a market or business need. Building on $5.5 million provided by Industry Canada to Precarn for 2009-2010, many featured companies received TGAP program funding in July 2010 and have delivered initial results in less than six months.

This luncheon will bring together 150 representatives from Canada's innovation community, including the following industry leaders who will share insights on how they aim to contribute to, and capitalize on, Canada's Digital Economy: Babak Sardary, President and CEO, Trusterra (Vancouver, BC); Todd Murphy, President and CEO, MedRunner (Saint John, New Brunswick); Steven Slupsky, Co-founder, President and CEO, Scanimetrics (Edmonton, Alberta); Kirk Petroski, Co-founder, President and CEO, Symboticware (Sudbury, Ontario); and Vincent Fortin, Sales Manager, MEMS Foundry Business at DALSA Corporation (Bromont, Québec).

WHAT – The Precarn 2010 Technology Gap (T-GAP) Event featuring an exhibition with interactive demonstrations of new ICT technologies and related applications; a panel discussion; and a networking luncheon. Please click here to review the complete event program.

WHO – Representatives of 30 young companies from across Canada; and six industry leader who will serve as panelists; and more than 150 guests from industry, government, academia and the investment community

WHEN – Thursday, December 9, 2010; Luncheon, Innovation Exhibition and Panel Discussion, 11 AM – 2PM

WHERE – The Westin Ottawa Hotel, 11 Colonel By Drive, Ottawa, Ontario

CONTACT – Sonya Shorey, Communications Strategist, 613.851.9416 or

About Precarn

Precarn Incorporated is a non-profit corporation that supports the pre-commercial development of leading edge information and communications technologies (ICT). Precarn is unique in Canada's system of innovation as it is the only federally funded program that brings together ICT technology developers (small- and medium-sized companies), end-user/first customers, academic research talent, government and private investors on collaborative R&D projects that address a specific market opportunity. This collaboration reduces risk and shares the cost of innovation, while accelerating development and time to market. Leveraging more than 20 years of experience, Precarn employs this model to coordinate and fund high-risk R&D projects with high commercial potential and provide access to a national network of world class companies and researchers. From its launch in 1987 to March 31, 2010, Precarn has:

  • Funded more than 260 R&D projects, engaging more than 300 ICT companies and 3,000 researchers, enabling the development of 325 new technologies or products, 45 start-ups and 86 patents
  • Invested $65+ million in industry-led research, leveraging $255 million in total industrial research
  • Generated at least four-fold economic return for every dollar invested in Precarn

For additional information about Precarn, please visit:

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