Crumbling concrete infrastructure is a challenge faced by many countries across the world. Structures, like bridges and dams, are deteriorating at a pace that could cause unexpected collapses and endanger lives. The need for accurate inspection and detection is vital.
Ottawa start-up, Giatec Scientific Inc.
has developed a breakthrough hand-held device that detects areas of potential deterioration in concrete structures before it happens. Based on 10 years of award-winning academic research, the device provides an unprecedented level of accuracy, dramatically reducing maintenance costs and improving safety.
The company founders built their business from the ground up with OCE’s help, engaging programs like Market Readiness
as well as an Embedded Executive placement through the Centre for Commercialization of Research (CCR). Since then, Giatec Scientific has attracted $100,000 of follow-on investment from IRAP, NSERC, MITACS and Invest Ottawa and is in preliminary talks with private investors.
Giatec Scientific Inc. are working on expanding their product offering, increasing manufacturing capacity, developing new distribution channels, establishing partnerships with world-class industry leaders, and building on strong sales in the Middle East, Europe, Australia and North America.
Both the founders and the company have won many awards, including the 2012 Bootstrap Award for Innovation in Engineering and Technology and the 2010 Governor General’s Academic Gold Medal for Academic Research.
“OCE is one of the best programs we’ve had the benefit of accessing and it wasn’t just about the funding. More importantly, it was the expertise and experience from our business development advisor that was critical in the whole process. Right from the beginning, OCE helped us refine our business model, set-up meetings with potential clients, write applications and establish processes.” —Aali R. Alizadeh, co-founder and CEO, Giatec Scientific Inc.
Return on Innovation
- Currently employs nine people
- Plans to hire another 20-30 in the next three to five years
- Intends to create additional jobs through outsourced manufacturing facility
OCE©2012 Last updated 10/2012