Cycle Momentum kicked off its Fall Cleantech Accelerator cohort on October 4, 2022. As part of the cohort, six new teams began collaborating with Cycle Momentum’s 30+ mentors, entrepreneurs-in-residence and industry experts to develop their business model, marketing strategy, and financing plans.
About Cycle Momentum’s Accelerator Program
The five startups are the newest members of Cycle Momentum’s accelerator program that compasses of more than 90 companies across 6+ sub-sectors. Cycle Momentum is an accelerator + open innovation platform that brings together an international collective of entrepreneurs, investors and innovators. Since 2015, Cycle Momentum’s accelerated companies have raised more than CA$320M and created 650+ jobs.
Patrick Gagné, CEO at Cycle Momentum, adds: “The five newest startups represent a unique mix of experienced and talented founders from diverse backgrounds that are tackling critical energy transition issues in our economy and driving innovation. Cycle Momentum’s team and mentors are excited to collaborate with the upcoming cohort and support founders by sharing their extensive technical and business expertise.”
Who are the new Cycle Momentum’s startups?
Gamotech – Renewable Energy
Gamotech designs, manufactures and distributes portable power units with zero carbon emissions. Their core product, Gamo-X, a trailer truck, provides municipal and commercial work truck managers with clean and low-cost power to help eliminate the need for diesel engines and generators for maintenance work. In recent months. Gamotech has partnered with municipal governments, such as the cities of Levis, Sainte-Julie and l’Assomption, to streamline their efforts to decarbonise construction and maintenance work.
Green Graphite Tech – Green Chemistry
Green Graphite Technologies aims to commercialize the most cost-effective and environmentally friendly sustainable process to transform natural flake graphite into high purity lithium-ion battery (LiB) grade graphite. Their team has developed GraphPure™ to remove impurities from NFG and bring to market high purity graphite. To develop GraphPure™, Green Graphite Technologies has partnered with leading NFG Mining End users, carbon manufacturers and technical collaborators and is receiving support from both Sustainable Development Technology Canada and Investissement Québec.
Aeroport AI – Industry 4.0
Aeroport AI uses computer vision and deep learning to monitor and analyze aircraft ground operations through ramp and aerobridge cameras to optimize and automate apron management. Based in Montreal, Aeroport AI aims to leverage real-time and structured data to build tools that decrease airside operation delays, improve safety and reduce CO2 emissions.
LATYS Intelligence – Industry 4.0
LATYS Intelligence uses cutting-edge technology to change how wireless networks are designed. By using space as a resource in the network architecture, LATYS builds robust and efficient wireless infrastructure to enable the deployment of the Industrial Internet of Things and 5G communication systems. In April 2022, LATYS Intelligence received Sustainable Development Technology Canada’s seed grant to develop the LATYS Autonomous Intelligent Repeater (AIR). LATYS Intelligence has also partnered with TandemLaunch Inc., University of Toronto, and Institut National de la Recherche Scientifique to develop their technology.
RegenEAU – Urban Tech
RegenEAU improves energy efficiency and decarbonization solutions for the multi-dwelling and commercial building sectors. By leveraging existing technologies and best business practices, RegenEAU’s technology recuperates heat from wastewater to reduce the building’s energy consumption and produce hot water at a lower cost.
Oxia Initiative – Industry 4.0
Oxia Initiative is a SaaS-based carbon accounting platform that helps companies and investors calculate and disclose their carbon footprint. By using Oxia Initiative’s flagship product, Carboscope, companies and investors can automate GHG reporting and showcase their results in accordance with international standards to stakeholders.