CDTA Launch Enhanced iRide App with CooCoo Technology

The Capital District Transportation Authority (CDTA) has released an enhanced iRide customer information application for the iPhone, making it easier to access routes, schedules, enhanced maps and plan trips. The new technology was developed in cooperation with CooCoo.

The new application offers intuitive searches by route, specific bus stops or Capital Region landmarks. Schedule maps have been updated and turn by turn directions are now included, according to a press release. The iRide app is GPS-enabled and offers the nearest stops by proximity to the actual location. CDTA has also included links to its website, social media outlets and customer service center. Customers looking to find real time information for BusPlus can download the current BusPlus app from their provider’s store.

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Mark Fasciano and Ted Smith On Bloomberg Television

Is Long Island the next VC Capital? Canrock Ventures’ Mark Fasciano and Ted Smith discuss why Long Island is right for venture capital with Primm Fox on Bloomberg Television’s “Taking Stock.”

SimplicityVMS awarded new Hyperdrive start-up fund based in Waterloo, Ont

There is magic happening in Waterloo, Ont. which boasts a technology revenue of more than $25 billion with interests ranging from software development, digital media, mobile and wireless, advanced manufacturing, robotics, aerospace and defense, clean and biotech, health, IT services and telecom[1].

Waterloo, Ont. is set to get another boost from a new $30-million program that will help fund, commercialize and mentor the next-generation of innovative entrepreneurs.

Hyperdrive, run out of Communitech is a regional hub that aids hundreds of tech start-ups that have sprung up around global giant Research In Motion Ltd. , the new Hyperdrive program offers up to $700,000 to individual companies – drawing on a pool of money funded by investment firms, venture capitalists and strategic partners[2].

SimplicityVMS, a growing software company out of Mississauga, Ont. has been chosen as 1 of 8 to participate in a tech start-up “boot camp” to provide participants with commercial space, strategic advice, mentorship and exposure to executives-in-residence and business analysts[2]. The company provides a SaaS, cloud based technology platform that automates and centralizes the end-to-end process of hiring, engaging and administering the contingent workforce. The system functions across all departments through the entire enterprise.

“Simplicity VMS is an innovative company with an outstanding product providing value to an underserved market.” Said SimplicityVMS’ CEO Gerry Bleau. “evidence of this is our recent acceptance into Communitech’s Hyperdrive program where were 1 of only 8 companies out of 118 applications who were accepted into the program.” SimplicityVMS is very excited to pursue this new opportunity and will surely continue to grow their business.

[1] Platz, K. (2012, June 18). Retrieved July 13, 2012, from IT Business: http://blogs.itbusiness.ca/2012/06/ingredients-in-waterloo-regions-secret-sauce/

[2] Marlow, I. (2012, April 10). Waterloo’s Communitech pitches new ‘Hyperdrive’ start-up fund.Retrieved July 12, 2012, from http://www.theglobeandmail.com: http://www.theglobeandmail.com/technology/tech-news/waterloos-communitech-pitches-new-hyperdrive-start-up-fund/article4099144/

Update on Sentiment Alpha

Sentiment Alpha is a quantitative hedge fund based on sentiment analysis of large-scale media data, especially social media. The company uses data produced by world-class sentiment technology, from the most complete repository of Internet text, which contains the broadest media coverage.

Sentiment Alpha has built its proprietary R&D infrastructure and produced a long-short portfolio capable of running over a $100M fund. The company continues to develop individual, sector, and market-level strategies that can be incorporated and allow the fund to scale to more than $1B.

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