Left to right: Karen Smith, CMO, Feedback Solutions; Anita Cassidy, Acting Executive Director, BEDC; David Whalley, Co-Founder, Feedback Solutions; Marianne Meed Ward, Mayor of Burlington; Chandan Chowdhury, CEO, Feedback Solutions; Mark Steffler, Manager of Innovation and Partnerships, TechPlace.
Burlington, ON July 17, 2019 – TechPlace Welcomes Feedback Solutions Inc. to LaunchPad Program
TechPlace welcomes Feedback Solutions Inc. as their newest LaunchPad company. Founded in the GTA in 2013, Feedback Solutions is the 13th company to be accepted into the LaunchPad program at TechPlace.
Feedback Solutions produces highly accurate real-time occupancy data utilizing advanced people-counting sensors and an intelligent algorithm. This patent pending technology reduces energy consumption and GHG emissions in buildings by facilitating real time adjustments to ventilation rates through the Building Automation System (BAS) and provides facility operators with highly actionable insight into precisely how their facilities are being utilized.. According to the US Department of Energy, $200 Billion is used on energy for non-residential buildings in the United States every year, and 40-55% of this energy is used on heating, ventilation and air conditioning. Building ventilation systems often operate at predetermined ventilation rates regardless of occupancy. This results in a significant waste of energy, unnecessary GHG emissions, and unnecessary wear on HVAC equipment.
Feedback Solutions technology is being utilized by the University of Toronto, University of Alberta, Ryerson University, University Health Network and Mount Sinai Hospital. A number of Halton Region Public Schools and City of Burlington libraries are using the FSI technology to understand space utilization but the data has not yet been used for optimizing ventilation rates. –
Co-Founder of Feedback Solutions David Whalley is excited for his team to finally have their own office space at TechPlace. “Feedback Solutions has a growing number of customers in the GTA and has the opportunity to expand into the US and Europe,” he explains, “we really needed a collaboration space to keep organized and respond to the demands of customers and potential investors – the facility is perfect for us and the team at TechPlace are incredibly supportive.”
“I am thrilled to welcome Feedback Solutions to the growing community of tech companies in Burlington” says Burlington Mayor Marianne Meed Ward. “The environment and global warming are important issues our city is committed to solving, and we welcome having innovative green technology companies located here in our community. Companies that are working on products that align with our own priorities is a win-win all around. We’re glad Feedback Solutions sees the many benefits of locating here.”
Feedback Solutions moved into their new launchpad office in June. “TechPlace and the Burlington Economic Development Corporation (BEDC) are keen to support Feedback Solutions’ growth” says Anita Cassidy, Acting Executive Director of BEDC. “There is an international demand for this new technology which means that the company will grow quickly. This means positive impacts for the environment, and more jobs for Burlington”. Growing technology companies interested in joining the LaunchPad program at TechPlace are encouraged to learn more about eligibility requirements and apply online. Visit http://techplace.ca/launchpads/ to learn more.
About Feedback Solutions Inc.
Feedback Solutions’ technology has demonstrated HVAC – related energy savings of over 30% by providing the Building Automation System with highly accurate real time occupancy counts, ensuring optimized ventilation rates. Buildings account for 40% of the world’s GHG emissions and 36% of all energy consumed. HVAC inefficiency has long been a target for GHG reduction and energy savings worldwide. FSI’s solution can improve the efficiency of even the most modern buildings.
FSI has been accepted into the 2019 cohort for the The CTA CleanTech – a joint program between the Consulates General of Canada in New York, San Francisco, Denver, and Boston providing key resources to Canadian entrepreneurs in the sustainable technology space to help them accelerate their growth into the global market. FSI has also been accepted into the 2019 Cleantech Open Northeast – the oldest and largest cleantech startup accelerator program, “with the mission to find, fund, and foster entrepreneurs with ideas to solve our greatest environmental and energy challenges”.
TechPlace is a one-stop destination for new and growing technology companies. With the support of partners from across the public and private sectors, it is dedicated to connecting, developing, and advancing entrepreneurs at all stages. This means providing access to space, programming, mentorship, networking, and resources that are fundamental to growing a business in today’s technology-driven marketplace.
Led by the Burlington Economic Development Corporation (BEDC), TechPlace exists to help technology, talent and ideas come together under one roof to create and promote opportunities for economic growth.
Burlington Economic Development Corporation (BEDC) has a mandate to enhance the growth prospects of existing companies and bring new high-value firms to the community. BEDC’s focus is on growing the economic base to sustain Burlington’s competitive and prosperous community. BEDC is the first point of contact for companies looking to expand, start-up or locate in Burlington.
Burlington Mayor Marianne Meed Ward welcoming the Feedback Solutions team to Burlington.