News

ventureLAB welcomes new companies to Tech Undivided

April 15, 2021

ventureLAB is proud to announce the incoming Tech Undivided cohort! Launched in 2019 with support of a $1.7-million investment through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Tech Undivided bridges gender and diversity gaps in the tech sector to support women in tech. By focusing on and supporting diverse and underrepresented women-led tech companies while working with women and allies, Tech Undivided removes unconscious bias faced by women and underrepresented persons.

The third Tech Undivided cohort comprises women-led tech companies with breakthrough products from machine-learning driven customer service to AI-powered healthcare. These five companies will work with industry experts, our Strategic Mentorship network, and investors to refine their product-market-fit, amplify their sales, navigate relevant sources of funding, and hone their pitch to better prepare for customer and investor meetings.

According to Stats Canada, 40% of women-owned businesses across Canada engage in some form of innovation. Through Tech Undivided, ventureLAB works to empower women-led companies and ensure that this number continues to grow.

Our vision is to create a more equitable tech sector by reducing unconscious bias and removing barriers for women-led ventures to increase representation and access to capital. Tech Undivided enables women founders to secure customers to drive revenue growth, leveraging a network of industry experts who are leaders in innovation.

The Awake Labs platform measures stress and strong emotions in real-time and notifies individuals or their caregivers if they need to check in to prevent stress from escalating to a point of crisis.
 
Connexa helps businesses maintain a human connection with their customers through a contactless customer service platform while using machine learning to deliver real-time insights.
 
OptiSolve is an emerging technology leader in environmental health and safety. We innovate and engineer systems to proactively improve productivity for clean, healthy, and safe spaces.
 
Walletifai empower people with intelligent yet educational solutions to live a debt-free life. By analyzing spending habits with machine learning, we categorize, predict and help reduce expenses.
 
Xesto built and launched Xesto Fit, the first 3D foot sizing app that uses FaceID cameras on smartphones to accurately size their feet from home.

 

Through Tech Undivided, ventureLAB has brought on strategically aligned partners to support our companies and collectively build towards an equitable tech ecosystem. Our Tech Undivided partner network is composed of private and public sector organizations that provide our companies with growth capital, access to corporate and government supply chains, and help further accelerate the growth of our companies through valuable knowledge sharing and peer networking. In addition, our partners work with companies to develop partnerships and international investment opportunities, and increase women’s representation in the tech sector through speaking opportunities, media exposure, and events.

 

We are excited to share our Tech Undivided Partner Network.

 

Canada-India Acceleration Program Canadian Women's Chamber of Commerce
NGen Northumberland
OKR Financial
Women of Influence

 

About Tech Undivided

ventureLAB’s Tech Undivided initiative is creating an inclusive tech ecosystem that increases representation by removing barriers and reducing unconscious bias to give women founders an equitable opportunity to raise capital and generate revenue. Funded in part by the Government of Canada through the Federal Economic Development Agency for Southern Ontario, as part of the Women Entrepreneurship Strategy, Tech Undivided leverages a merit-based, gender-balanced Strategic Mentor Network of entrepreneurs and business experts and a growing network of industry partners, enabling women founders to grow and scale locally, and compete globally.

 

About ventureLAB

ventureLAB is a leading global founder community for hardware technology and enterprise software companies in Canada. Located at the heart of Ontario’s innovation corridor in York Region, ventureLAB is part of one of the biggest and most diverse tech communities in Canada. Our initiatives focused on raising capital, talent retention, commercializing technology and IP, and customer acquisition have enabled thousands of companies to create over 4,000 jobs and raise more than $200 million in investment capital. At ventureLAB, we grow globally competitive tech titans that build-to-scale in Canada, for global markets. Join us.

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