FedDev Ontario is giving a boost to Ottawa’s SmartCone Technologies in hopes of getting its smart city safety device onto streets sooner.
The regional development agency announced this week it is giving the local Internet of Things developer a $187,500 loan to accelerate its entry to market. SmartCone creates a portable device that uses a variety of sensors to track traffic flow and hazards, giving city planners or site supervisors a better sense of the scene near the deployment.
It’s been a good 2019 for SmartCone so far. The Ottawa-based firm recently announced a partnership with IBM Watson to monitor workplace dangers and improve safety conditions at construction sites.
OBJ360 (Sponsored)
Casey Court: Richcraft Rentals’ new community in Trailsedge, Orleans
Nestled in the heart of Trailsedge, Orleans, Casey Court emerges as the latest addition to Richcraft’s diverse portfolio of rental communities.
Lanark County: One county, nine districts, limitless adventures
Enjoy unique outdoors experiences you can’t find anywhere else
A FedDev release states SmartCone will use the funding to enhance the device’s features, expand to new markets and add eight full-time jobs.
