How ventureLAB’s Innovation Space is enabling the next frontier of technology

Jaqueline Cruz
November 29, 2021
ventureLAB Clients
ventureLAB News

ventureLAB’s Innovation Space plays a key role in empowering the tech community by providing tailored opportunities, perks, and benefits to companies looking for unique business solutions. Members of ventureLAB’s Innovation Space can develop, manufacture, test, and pilot services and products before scaling their offerings to a wider audience. Over the past year, ventureLAB has hosted a handful of product-based tech companies and their pilot solutions. In this article, learn more about the unique technologies and services showcased in the Innovation Space and the benefits of becoming a part of the community.

InField Solutions: Smart lockers for contactless pickup

inField Solutions is a local Markham technology startup that has created a smart locker solution called the inField Shoppe iQ Connected Cubbies. This year, ventureLAB installed InField’s Connected Cubbies, a patented solution for smart parcel and food delivery. The InField Connected Cubbies enable retail and food services to excel in a technologically advancing society, where convenience, consumer health, and safety take precedence. The Connected Cubbies are a patent-pending smart locker solution that provide a curbside pickup and delivery management system driven by a mobile app. They combine the advantages of physical shopping with the convenience and safety of online commerce. As a member of ventureLAB’s Innovation Space, inField is able to test and demo their product to potential customers and investors. This unique opportunity gives InField a chance to ensure that their product is performing to standard and receive valuable feedback from the end-user in real time. InField Connected Cubbies are already available for ventureLAB members to use!

AIH Technology: Intelligent sensors for fever screening and automated mask-policy enforcement

As long term COVID implications continue to inform the trajectory of innovation, tech firms and entrepreneurs have identified new and practical applications for their services and products. AIH Technology is an AI computer vision company offering Facial Recognition as a Service (FRaaS) through its facial recognition algorithm. Last year, AIH Technology applied its computer vision expertise to develop intelligent solutions for fever screening and automated mask-policy enforcement. In March 2021, ventureLAB’s Innovation Space installed AIH Technology’s MONITIO sensors, which enforce safety measures for companies, partners, and the ventureLAB team as they use the space. Through partnerships with leading technology platforms like IBM Cloud and Microsoft Azure, AIH is committed to the ethical and responsible application of its advanced artificial intelligence platform and help communities save time, save money, and save lives. AIH Technology is a long-time Innovation Space member and part of the inaugural Tech Undivided cohort.

Foxquilt: InsuranceTech that empowers small businesses

ventureLAB’s Innovation Space is more than just a coworking space. It offers a one-of-a-kind solution to tech founders looking for an immersive community of ambitious peers, knowledgeable mentors, and connected partners. The Innovation Space community encourages founders to go beyond the limitations of traditional workspace. When you become an Innovation Space tenant, you unlock perks and benefits that will help drive your business forward. These offerings span from health, applied research opportunities, financial consulting, marketing services, and more. As an InsurTech company and tenant of ventureLAB’s Innovation Space community, Foxquilt understands the needs of tech businesses. Foxquilt is an Insurance technology company focused on empowering small businesses and B2B networks to save on Small Business insurance. Their Insurance-as-a-Service platform is complemented by a unique data and machine learning underwriting infrastructure. Through ventureLAB’s Innovation Space, Foxquilt is able to offer their peers with a smarter, modern Business Insurance solution and exclusive savings - rewarding our community of ventureLAB tenants up front, at claim-time and on renewal.

About ventureLAB's Innovation Hub

ventureLAB’s Innovation Hub is conveniently located in the city of Markham, just 20 minutes north of downtown Toronto in York Region, Canada’s second-largest tech cluster. As a member, you’ll gain access to a collaborative community, industry expertise, innovation partners, talent growth opportunities, and business growth tools. Learn more about the membership and apply to join on our Innovation Space page. Contact us at innovationspace@venturelab.ca for more information.

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.

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