Ontario Angel Group Selects Eight Startups to Pitch at Follow-On Investment Forum

Eight Canadian startups have been selected to pitch at the National Angel Organizations Ontario’s Follow-On Investment Forum.

The Follow-On Investment Forum, an event for angel investors and venture capital firms to keep an eye on emerging tech talent, will happen on May 26 at the Arcadian Loft.

“By Investing in entrepreneurs, angel investors make an invaluable contribution to job creation throughout the province,” said Dr. Patrician Lorenz, chair of the NAO-Ontario. “Although the government does provide some assistance, entrepreneurs still depend on the private sector to provide financing, contacts and mentorship to grow their companies. The Follow-On Investment Forum will celebrate our network’s economic impact, and provide entrepreneurs crucial access to growth capital from a province-wide audience of early-stage investors.”

In 2007, the government of Ontario started funding the Angel Network Program in order to address the investment gap faced by early-stage technology companies in the province. “Now that these efforts have borne fruit, companies are ascending to a new level of opportunity and need,” said the organization. As a result, NAO-Ontario organizes an annual event presenting follow-on investment opportunities brought forward by angel groups and members of the Ontario Network of Entrepreneurs.

It looks like a promising opportunity for the eight startups selected. Here’s a tidbit of information provided by each of the startups:

Brain FX creates clinical, digital assessment tools (both web and tablet based) for healthcare professionals, so they can measure the effects of brain disorders on a person’s ability to function in real life. The premier offering is BrainFx 360, a new, comprehensive, standardized, research-based digital assessment tool that is designed to measure the functional impact of mild to moderate brain injury or disorder.

ChangeIt is a new and innovative way to automatically round up your payment card purchases, creating Virtual Change, and automatically directing this Virtual Change to preferred charitable organizations. Your sales receipts remain unchanged and you have complete control over your rounding preferences and how much you give.

From video capture and transmission to management and distribution, Dejero solutions help broadcasters, media companies, and organizations of all sizes reach their global multiscreen audiences instantly and cost-effectively. Dejero’s LIVE+ Platform simplifies the acquisition and broadcast of live video on-air and online through a broad range of traditional and emerging uplink solutions.

Greengage Mobile is a web and mobile software platform that is designed to engage and drive adoption of health/wellness, community, and green actions on a large scale by prompting and rewarding positive behavioural changes through mobile.

A privately held ion exchange process technology and solutions company, offering a lower cost, higher efficiency solution to improve customer profitability. Renix’s UIX technology has been validated at small pilot scale, in joint development with customers in food/ingredients, bio-based chemicals, water, and mining. UIX technology offers 30-50% lower cost vs. existing technologies.

The Unified Computer Intelligence Corporation (UCIC) is a privately held Canadian corporation that designs and builds ubiquitous computing devices. UCIC’s goal is to make human-computer interaction intuitive and natural, for technology to be universally accessible but also invisible, and for technology to predict and adapt to human needs.

Large brands use Viafoura to engage, understand and better monetize their audiences. Viafoura’s enables social login, rating and reviews, content discovery, behavioural badging and multi media commenting which increases engagement while collecting valuable first party data that helps brands gain a deeper understanding of their consumers.

Vida Holdings Corp. Ltd. (Vida) has developed Cleanalytic, an innovative catalytic converter technology which provides automakers with an ideal solution to increasing demands for reduced emissions, reduced costs and increased fuel economy.

The NAO-Ontario is located within the MaRS Discovery District. It’s not clear on which criteria the startups were selected on, but at least five of the eight companies selected to pitch have either been clients or tenants of MaRS, or received funding from the public-private hub. They include BrainFX, ChangeIt, Dejero, Greengage and Viafoura. 
Guest venture capital firms slated to be at the event include 

  • BDC Venture Capital
  • Best Funds
  • Brightspark
  • Celtic House Venture Partners
  • Investment Accelerator Fund
  • OMERS Ventures
  • Ontario Capital Growth Corporation
  • Real Ventures
  • Plazacorp
  • Round 13 Capital
  • Tandem Expansion
  • Terracap Ventures
  • Trellis Capital Corporation
  • Wesley Clover
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