FOR IMMEDIATE RELEASE:
Clearpath Robotics Awarded $200,000 in IRAP/DTAPP Funding
(Kitchener, Ontario – November 13, 2012) – In a ceremony at their Kitchener offices today, Clearpath Robotics was officially awarded over $200,000 in IRAP and DTAPP funding by Minister of State for Finance, Ted Menzies, and Harold Albrecht, MP Kitchener-Conestoga. This funding will go towards a tailored IT system, which will streamline internal processes, reduce irregularities, allow for workflows tailored to specific company needs, and ultimately increase efficiency. The end result is a growing company that is able to compete on a global scale, bringing the technology industry to Ontario, and creating jobs and revenue in the process.
Minister Menzies noted Clearpath’s ability to “take a passion and turn it into functioning equipment that can help out in research and agriculture,” and made special note of the new Kingfisher M200 Unmanned Surface Vessel, which he called “an incredible opportunity to ensure we’re treating our water with all the respect that is due to it”.
Mr Albrecht discussed Waterloo Region’s leadership as a technology hub, and stressed that “promoting innovation and development is key to the economic prosperity of the country.”
“We’re very proud as a government to be able to support research and development, and even more so, see it actually become functioning technology used not only in Canada, but across the world,” said Minister Menzies.
Clearpath Robotics is a Canadian startup company founded in 2009 by four graduates of the University of Waterloo’s Mechatronics Engineering program. Clearpath has found early success, winning the FuEL (Future Entrepreneurial Leaders) Award, TiE Quest’s New Entrepreneur Award, the Shopify Build a Business Award, and taking first place in the 2011 CBET RISE Business Plan Competition.
High profile clients such as the Department of National Defense, Canadian Space Agency, MIT, StumbleUpon, AMEC, and Google are proving Clearpath really is “Your Unmanned Expert”.
Paul van der Vorst
148 Manitou Dr., Suite 101,
N2C 1L3 Canada
Ph: 519-513-2416 ext. 816