The Ontario government is investing $1.5 million in Kitchener-based Miovision to help grow the company’s team.
The investment will support Miovision moving in to Catalyst137, a 475,000 square feet hub dedicated to IoT. Miovision’s CEO, Kurtis McBride, was among the initial leaders behind its creation. According to the government, the project is creating and retaining 384 positions, and will be completed by December 2021.
Miovision leveraged $13.5 million of its own funding to support its move into Catalyst137. “Ontario is pleased to partner with Miovision, a true homegrown success story. This is a leading information and communication technology company that is driving innovation in the ICT marketplace and shaping the future of smart cities. Our investment through the Southwestern Ontario Development Fund is helping the company accelerate its growth, increase its global competitiveness, create highly-skilled jobs and strengthen the regional economy in Kitchener.”
“We work with cities around the world to make traffic better – whether improving traffic flow, making roads safer, or helping cities plan for streets that accommodate drivers, cyclists and pedestrians. This investment helps us scale up so we can focus on what matters to us the most, making a bigger impact with cities,” said Kurtis Mcbride, CEO of Miovision.
Miovision’s traffic management software helps cities improve traffic flow. The company currently works with 17,000 municipalities worldwide.