Ottawa’s Coral CEA announced today that they have invested $120K in four companies located at Ryerson University’s Digital Media Zone (DMZ).
“We are attracted to teams who are ‘getting it done’ versus talking about innovation and we want this type of collaboration to set a new standard in Ontario,” says Brian Forbes, Executive Director at Coral CEA.
Forbes believes the DMZ has taken a hands-on approach with entrepreneurs that is a perfect fit with Coral CEA and they are reviewing additonal investment options at the DMZ. Coral CEA has invested in:
- ARB Labs – a software application that that allows any video display to create an immersive 3D effect – without the need for goggles or glasses
- Greengage – a software tool for smartphone and Web that blends mobile technology with the green movement allowing monitoring of Corporate Social Responsibility efforts
- HitSend – an online platform to enable and enhance community-based change by tapping into the community’s collective voice
- ViaFoura – a cloud-based plug and play user engagement and gaming platform for online content sites
The DMZ launched in the spring of 2010 with over 6,000 square feet of downtown Toronto office space. In just over a year and a half, the DMZ has almost doubled in size and has assisted more than 190 innovators to incubate and accelerate 38 startups, launched more than 61 projects and fostered over 350 jobs.