After having launched its first INFINITI LAB in Hong Kong in 2015, The Japanese luxury automaker has just inaugurated a second program in Toronto, the first to open in North America.
What is the INFINITI LAB? The technology accelerator program was established to foster the growth of new enterprises in the field of the Internet of Things (IoT) and of initiatives tied to the development of smart cities. INFINITI will work in collaboration with non-profit organization Multiplicity, which offers training and mentorship services to business startups.
“Canada is brimming with talent and opportunity when it comes to startups, and INFINITI Canada is proud to help accelerate the country’s next entrepreneurial stars,” explained Stephen Lester, managing director of INFINITI Canada.
The submission process for candidates applying to INFINITI LAB Toronto got underway this week; the program itself will launch on May 29th. The chosen startups will work closely with business and industry partners, including Techstars, OMERS Ventures, TELUS Ventures and Fleet Company, as well as the City of Toronto.
Following an evaluation process, the best team will be integrated into the three-month program in Hong Kong, scheduled to be begin in July.
Already, the INFINITI LAB has established Kraftwerk, a company that developed the technology to create revolutionary new lightweight, low-cost fuel cells, as well as Dagmy Motors, which offers innovative solutions aimed at reducing the cost of battery-pack production and thus the cost of new electric vehicles.
Consult the INFINITI LAB Toronto website to learn more about the program or to submit your candidacy.