Eigen Innovations sole Canadian finalist in global Cisco Innovation Grand Challenge

Eigen Innovations, a Fredericton, N.B.-based IoT startup that helps industrial companies solve production issues like raw material waste, inefficient energy use, and quality defects, is the online Canadian finalist in the Cisco Innovation Grand Challenge.

“Our Intellexon solution tells operators and engineers the where, when and how processes or product quality is starting to degrade within highly complex manufacturing systems,” said Eigen Innovations CTO Scott Everett. “Our algorithms use massive amounts of data to learn how to differentiate between good and bad quality products; when conditions are starting to change, it can tell the reasons why.”

After receiving 3,000 entries from over 100 countries, Eigen Innovations is currently competing with six othe finalists from around the world for a top prize of $150,000. The company, which currently works out of the New Brunswick Innovation Foundation, will make its final presentation at the Internet of Things World Forum in Dubai on December 7.