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Waterloo EDC Blog

Waterloo EDC

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August Wrap-Up: No summer slowdown in 2020

Posted by Waterloo EDC on September 1, 2020

The dog days of summer usually mean a slow-down for business investment as time off to enjoy the sunny weather take precedence over big announcements. That wasn’t true this August.

This month, Waterloo celebrated plans to significantly grow a local tech company that was in receivership just two years ago, welcomed new tech and manufacturing companies to the community and launched an...

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Topics: technology, manufacturing, talent, business, artificial intelligence, R&D

Tech innovator IMS announces big growth plans in Waterloo

Posted by Waterloo EDC on August 28, 2020

What a difference two years make.

In September 2018, IMS – an autotech innovator specializing in connected car technology – was placed in receivership. A few months later, the company emerged from receivership with a new owner: Trak Global Group from the United Kingdom.

This week, the company announced plans to double its workforce in Waterloo. IMS currently has 70 employees in Waterloo,...

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Topics: technology, automotive, talent, business

5 Charts: Waterloo vs. Columbus

Posted by Waterloo EDC on August 26, 2020

This is the third edition in a new Waterloo EDC series called “5 Charts: Waterloo Versus” that compares our community with some of America’s top tech hubs. We’ve already matched up against Austin, Texas, andPittsburgh, Pennsylvania.We will soon take on Phoenix, Salt Lake City and more.

We often compare Waterloo’s exceptional tech credentials to other major cities in Canada like Toronto and...

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Topics: technology, talent, business, artificial intelligence, site selection

Odyssey Interactive’s startup journey begins in Waterloo

Posted by Waterloo EDC on August 21, 2020

A new video game startup, Odyssey Interactive, has launched in Waterloo with $7.9M in seed financing.

The new company will develop mobile gaming experiences that create a sense of community and purpose for players along the same lines as break-out successes like League of Legends and World of Warcraft. The company has strong experience with creating these experiences – all four founders...

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Topics: talent, business, site selection, Q&A

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