EDMONTON, AB--(Marketwired - October 27, 2016) - TEC Edmonton announced today its acceptance of two additional early-stage information technology companies to its T-Squared Accelerator program.
SensorUp, founded by Dr. Steve Liang, Associate professor of Geomatics Engineering at the University of Calgary, provides an open standard platform for connectivity to and between Internet of Things (IoT) devices, data, and analytics over the Web.
"We are excited that SensorUp has been chosen to join the T-Squared Accelerator. More importantly, it's great to know that TEC Edmonton and TELUS share the same vision for SensorUp, which is building the Internet of Things with open standards," says Steve Liang, Founder and CEO of SensorUp. "I'm confident that this partnership will pave a quick path for our growth and establish SensorUp as a leading Internet of Things platform."
TVCom is developing an e-Commerce platform that connects TV viewers to real-time and context relevant fashion, merchandise and supplemental content. The company was also the 2016 TEC VenturePrize TELUS ICT Stream Winner earlier this year.
"Much of what we have accomplished so far is intimately linked to TEC Edmonton's support of our project from the start," said TVCom CTO and University of Alberta Computer Science student Pavlo Malynin. "We take tremendous pride in knowing that we have some of Alberta's finest experts supporting our technology."
"SensorUp and TVCom are both very exciting Alberta-based companies building globally relevant and scalable platforms. We look forward to working closely with them over the next 12 months to rapidly accelerate their progress," stated Shaheel Hooda, Program Director of the T-Squared Accelerator program and Executive in Residence at TEC Edmonton.
The T-Squared Accelerator is a collaboration between TEC Edmonton and TELUS that provides promising early-stage information and communications technology (ICT) companies with 12 months of free incubation space and support in Edmonton's Enterprise Square, along with seed funding and expert mentorship from TELUS and TEC Edmonton to advance their business. For more information, visit www.tecedmonton.com/t-squared-accelerator.
About TEC Edmonton
TEC Edmonton is a business accelerator that helps emerging technology companies grow successfully. As a joint venture of the University of Alberta and Edmonton Economic Development Corporation, TEC Edmonton operates the Edmonton region's largest accelerator for early-stage technology companies, and also manages commercialization of University of Alberta technologies. TEC Edmonton delivers services in four areas: Business Development, Funding and Finance, Technology Management, and Entrepreneur Development. Since 2011, TEC clients have generated $680M in revenue, raised $350M in financing and funding, invested $200M in R&D, grown both revenue and employment by 25 per cent per year and now employ over 2,400 people in the region. In addition, TEC has assisted in the creation of 22 spinoff companies from the University of Alberta in the last four years.
TEC Edmonton was named the 4th best university business incubator in North America by the University Business Incubator (UBI) Global Index in 2015, and "Incubator of the Year" by Startup Canada in 2014. For more information, visit www.tecedmonton.com.
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