Press Release: FedDev Ontario supports innovative safety technology
From: Federal Economic Development Agency for Southern Ontario
In an increasingly digital and connected world, the Government of Canada is supporting start-ups, such as SmartCone Technologies Inc., that are using innovation to develop products to protect the safety of Canadians.
Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario, announced a FedDev Ontariocontribution of $187,500 to SmartCone Technologies Inc. to accelerate market entry of TheSmartCone™-a portable surveillance and Internet of Things device, containing multiple sensors with embedded software, housed inside any object, such as a traffic cone or utility box.
The high-tech detection and early warning system of TheSmartCone™ uses flashing lights, audio and visual messages, posted to traffic signs to alert the public. This warning system increases public safety by sharing pertinent on-the-ground information in many situations including controlling bicycle lane traffic, managing vehicle fleets, monitoring traffic incident scenes, asset tracking, crowd control, site security surveillance and more.
“As the economy evolves to become increasingly knowledge-based, it is important that we encourage Canada’s competitiveness by supporting companies that are at the forefront of this digital transformation. FedDev Ontario’s funding for SmartCone Technologies Inc. will help to create new economic opportunities, while protecting Canadians and their families.” – The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Federal Economic Development Agency for Southern Ontario
“Thanks to support from FedDev Ontario, we are growing our Canadian-built business to offer more jobs and bring advanced safety technologies to Canada and across the globe.” – Jason Lee, Chief Executive Officer, SmartCone Technologies Inc.
Read the full release here.
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