Raute acquires majority holding in machine vision developer Hiottu Oy
Raute Corporation has signed an agreement on the acquisition of the majority of the share capital in Oulu-based Hiottu Oy. The shareholders employed by Hiottu will continue working for the company.
Hiottu, established in 2005, is a company offering software services with special knowhow in various machine vision solutions and other system solutions for demanding industrial environment. Hiottu’s services include software consulting and project management, machine vision programming and systems, industrial programming, and web programming.Read more
Fredericton-Based Black Arcs Helps Communities Do Things Like Decide Where Schools Are Built
FREDERICTON — A Fredericton startup has developed software that helps communities and organizations explore complex issues in an engaging and interactive way, helping them figure out things like where to build schools, measure the impacts of cultural industries on a region’s economy, and maybe even contain the community spread of a virus such as Covid-19.
Black Arcs was founded by tech entrepreneur and engineer Jake Arsenault about five years ago. Having previously founded Inversa Systems, a pioneer of gamma-ray imaging for infrastructure, he and his business partners were looking to build something new that could help benefit the larger community.Read more
Melbourne teens' digital agency idea sparks $5 million business
When Fotios Tsiouklas and Alan Gokoglu first met in Year 7, they "didn't really like each other".
But today, they're not only best mates, but also co-founders of a multimillion-dollar company.
The Melbourne teens went into business together while they were still in high school and now their digital agency has well and truly taken off.
But the journey started many years ago.Read more
Hamilton-based Venture backed Fusion Pharmaceuticals files IPO on NASDAQ
Fusion Pharmaceuticals Inc. has officially filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC) for an initial public offering of its common shares with pricing to be determined. The company listed US $100 million as the proposed maximum aggregate offering for the purpose of calculating filing fees.
Fusion Pharmaceuticals had previously filed a confidential draft registration statement with SEC on April 3, 2020.
Fusion Pharmaceuticals has applied to list its common shares on The Nasdaq Global Market under the symbol “FUSN.”Read more
Self-Driving Vehicles for Urban Mobility Deployed in European Smart Cities, Including Tallinn
The autonomous bus revolution has arrived. Urban mobility is changing the lives of commuters and the face of five European smart city streets. An autonomous public transit service has already started its testing and will complete tests in real conditions in five European countries under a European Union initiative, part of the Horizon 2020 EU Research and Innovation Programme, between April and October 2020.
The autonomous vehicles will be tested in real-life traffic conditions with all the shuttle bus solutions offering an all-inclusive service for autonomous last-mile transport.Read more
Toronto artificial intelligence startup creates disease screening tool for retail stores
An artificial intelligence development company out of Toronto has introduced some fancy new tools to help businesses operate more safely during the pandemic.
Predictmedix's technologies allow stores and other establishments to screen customers for symptoms of COVID-19 before they enter, and they can even tell when people aren't properly social distancing or wearing masks while inside.Read more
Hyperloop tech deemed feasible in central Ohio
COLUMBUS – On May 20, the Mid-Ohio Regional Planning Commission (MORPC) released the final report of its “Midwest Connect” Hyperloop Feasibility Study, which found that hyperloop technology is feasible along the corridor connecting Columbus with Chicago (via Lima, Ohio and Fort Wayne, Indiana) and Pittsburgh.
The feasibility study – which began in earnest in late 2018 – is part of MORPC’s Rapid Speed Transportation Initiative (RSTI) that focuses on better, faster connections to Chicago and Pittsburgh. The RSTI looks at transportation options that would not only enhance passenger and freight transportation in the Midwest, but also spur economic growth, generate opportunities for development, and create new opportunities for people and businesses in the Midwest megaregion.Read more
ENTREVESTOR: Nonte tests digital platform at world’s largest medical complex in Fredericton
Nonte, a new health tech startup spun off from Fredericton’s Populus Global Solutions, has a single early adopter for its medical research platform, and it’s the largest medical complex in the world.
Nonte has been beta-testing its platform, which allows researchers to collaborate across several disciplines, at the Texas Medical Centre in Houston, a complex of 60 medical institutions that employ 106,000 people. The parties were preparing to sign a full commercial relationship, but that process was delayed when the COVID-19 crisis broke out.Read more
Toronto designers have raised over $100K to create the face mask of the future
Demand for face masks these days is off the charts so it's no surprise that all sorts of designers in Toronto are taking a stab at designing their own versions.
LuxMea Studio, a multidisciplinary design studio with offices in Toronto and Boston, has an idea for a face mask that goes beyond the usual cotton or polyester varieties. So far, they've raised over $100,000 to begin the mass production of masks made by 3D printers.Read more
Estonia’s e-Governance conference goes virtual
The e-Governance Conference which holds in Estonia is an annual gathering which focuses on and aims at international digital development cooperation in all its entirety. Since 2015, the e-Governance Conference has been organised by the e-Governance Academy (eGA) in partnership with the Estonian Ministry of Foreign Affairs.
The 2020 edition of the e-Governance Conference is supported by the Ministry of Foreign Affairs, the Swedish Government, the U-LEAD with Europe program, the Ministry of Economic Affairs and Communications, the City of Tallinn, Intel, Google and Microsoft.Read more