Tuesday November 26, 2019
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MONITOR

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Start-ups

Sky's the limit: Autonomous airline service among winners of Concept pitch competition

A company aiming to create the world’s first fully autonomous airline service is among the four winners of the Concept $5K Finals. Ribbit, a venture led by University of Waterloo student Jeremy Wang (PhD Mechanical Engineering, 2022) and Carl Pigeon (MASc Aerospace Engineering, University of Toronto 2016) will receive $5,000 grants for their pitch, which centres around incorporating software and sensor retrofits for the charter air market. The four winners were chosen from a slate of 9 finalists who made their pitches in front of three judges and a crowd of about 150 on Wednesday.


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Economic Impact

University of Waterloo creates billions in economic impact, according to Deloitte report

Startup companies at the University of Waterloo's flagship entrepreneurship programs have generated more than $2 billion in revenue and around 7,500 jobs over about a decade, according to a major new report by Deloitte Canada. The first third-party study to measure the dollar value of contributions made by the University’s entrepreneurship and co-operative education programs also shows companies that hired Waterloo co-op students realized an additional $525-million in returns in 2018 alone. This total employer gain is based on outputs from co-op students during their work terms and subsidies for hiring co-op students, after subtracting the salaries paid and training costs. Those conclusions are among the key findings of Deloite’s 94-page report, which examined the University’s economic contributions using internal and Statistics Canada data, as well as consultations with business, research, entrepreneurship and government stakeholders.


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Great Honour

Kitchener Company Wins Big in Internationally Renowned Marketing Awards

"Being recognized as the best in our field in the world by the world’s top marketing and communication professionals is a great honour for Memory Tree".

Memory Tree is proud to announce that we have won 5 International MARCOM awards for our outstanding work in the vast field of video production. The MARCOM Awards is one of the largest and most respected creative competitions in the world. Receiving approximately 6000 entries worldwide, MARCOM participants are judged by world leaders in marketing, communication, and creativity.


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Housing

Canadian housing market looks bright in 2020 as markets stabilize, consumer confidence returns

Canadian home prices expected to increase by 3.7 per cent; Increased consumer confidence could be a key factor affecting the housing market in 2020; Fifty-one per cent of Canadians are considering a home purchase in the next five years, up from 36 per cent at the same time last year; Only two-in-ten Canadians say that the mortgage stress test negatively affected their ability to purchase a home in 2019

RE/MAX is expecting a leveling out of the highs and lows that characterized the Canadian housing market in 2019, particularly in Vancouver and Toronto, as we move into 2020. Healthy price increases are expected next year, with the RE/MAX 2020 Housing Market Outlook Report estimating a 3.7 per-cent increase in the average residential sales price. Most individual markets surveyed across Canada experienced moderate price increases year-over-year from 2018 to 2019. However, some regions in Ontario continue to experience higher-than-normal gains, including Kitchener-Waterloo (+8%), London (+10.7 per cent), Windsor (+11 per cent), Ottawa (+11.7 per cent) and Niagara (+12.9 per cent).


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Pilot Program

Healthy Wallets, Wealthy Minds: Carizon’s OTF funded program celebrated

“The correlation between finances and mental health is growing. People in our community are struggling to manage their basic needs such as buying groceries, paying rent and juggling other wants and needs” says Debbie Engel (photo), Director of Community Services.

Last Friday, Carizon Family and Community Services hosted a public recognition event, celebrating the completion of their Healthy Wallet, Wealthy Mind pilot program, supported by the Ontario Trillium Foundation (OTF). Local MPP Laura Mae Lindo and OTF Grant Review Team member Brendan Wylie-Toal were on hand to congratulate Carizon and hear more about how the $75,000 Seed grant helped develop an interactive course that combines financial literacy and emotional wellbeing.





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Disruption

CFFB Signature Event: “Jumping the Fences” by Terry O’Reilly

CFFB is hosting Terry O’Reilly, popular radio host from CBC. Only a few seats left for this morning event.

In the age of transformational technological change and disruption, technical know-how is no longer sufficient. Building influence and strong working relationships with people in positions of power is absolutely necessary! Join business owners, their families and advisors that support family enterprises for breakfast and learning at the CFFB Signature Breakfast Event November 29th (7am – 10am), Bingeman Embassy Room. This event will be sure to inspire, challenge and encourage you in your pursuit of skills to navigate through this era of disruption.


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Communty Health

Patterns of youth alcohol use show need for early intervention

Youth who drink a few times per month in Grade 9 are likely to become weekly – and even binge – drinkers in the following years, says a recent University of Waterloo study.

“Early alcohol use is associated with a long list of negative health consequences down the line,” said Mahmood Gohari, a public health postdoctoral researcher at Waterloo. “This study reinforces the idea that prevention policies need to start in those first two years of high school, or even before that, before drinking becomes habitual.” The researchers found that 45 per cent of youth who drank up to three times per month in Grade 9 were likely to become weekly -- or almost daily -- drinkers with some binge drinking episodes the year after. The students most likely to binge drink were weekly and almost daily drinkers, and Grade 9 students were more likely to transition to binge drinking than Grade 10 or 11 students.


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Feedback

Ontario Concludes Healthy Parks Healthy People Consultation

Province reviewing feedback to inform Ontario Parks programs and increase access to health benefits of green spaces

Ontario is following through on its draft Made-in-Ontario Environment Plan commitment to provide people with more opportunities to enjoy the health benefits of provincial parks and green spaces with the conclusion of the Healthy Parks Healthy People consultation. Over the 60-day consultation period, we received more than 2,500 comments from the public and stakeholders, including researchers, educators and park users, on how the government can ensure the health benefits of nature are fully realized for all Ontarians.


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Supply Chain

Tips for supply chain startups

by Barry Kukkuk

Starting a new business doesn't come without some serious challenges. Having started my career as the co-founder and developer for a retail management solutions company in 1995 and later branching out into the corporate world, I have seen and experienced a great deal. It's often the small and 'basic' tasks and activities that can make or break your business. I've put pen to paper and jotted down a few things that I believe should form the starting blocks for all start-ups in a supply chain business.


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GTA Housing

New home market at typical activity level in October

October was a busy time in the GTA new home market, as is typically the case every year, the Building Industry and Land Development Association (BILD) announced Monday. Single-family home sales, with 1,296 detached, linked and semi-detached houses and townhouses (excluding stacked townhouses) sold, were up 178 per cent from last October’s near-record low and even with the 10-year average, according to Altus Group*, BILD’s official source for new home market intelligence. Sales of condominium apartments in low, medium and high-rise buildings, stacked townhouses and loft units, accounted for 3,424 new home sales, down three per cent from October 2018 but still 13 per cent above the 10-year average.


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Debt

Is household debt cracking Canada's financial foundation?

Two-in-five do not expect to escape debt in their lifetime and the spending-to-income ratio is trending negatively in Canada according to Manulife Bank Debt Survey; Ninety-four per cent of Canadians say the average household is in too much debt; The spending-to-income ratio is trending negatively as 45 per cent report that their spending is increasing faster than their income versus 33 per cent from the spring; Sixty-seven per cent of Canadians who are in debt assume everyone else is as well. Two in five doubt they will ever be debt-free in their lifetime.

An overwhelming majority of Canadians agree the average household is in too much debt according to the latest findings from Manulife Bank Debt Survey. Likewise, two-in-five indebted Canadians do not expect to escape it in their lifetime and the incidence of Canadians with considerable non-mortgage related debt is climbing.


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Study

Consumers will pay more to be “unique” from their friends rather than from strangers, according to UBC Sauder study

So you like that pair of mint green Converse sneakers your friend is wearing? Well, according to a new study from the UBC Sauder School of Business, you’re more likely to pick a blue pair—even if mint green is your favourite colour or the blue are more expensive—to ensure you look different from those closest to you. These days many retailers offer consumers a range of options to customize both the aesthetic and the functional attributes of their products. New research looked at the motivation behind these custom selections using eight real-life product choice situations—from clothing and phone cases to music playlists—and what researchers found “surprises most marketers and consumers”, says study co-author Lisa Cavanaugh, Associate Professor of Marketing and Behavioural Science at the UBC Sauder School of Business.






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Arts & Culture

Arts Awards Waterloo Region: Congratulations to our 2019 Winners!

Arts Awards Waterloo Region hosted its awards night on Friday, November 22. The arts community – artists, supporters, and fans –gathered at The Tannery for the 2019 Arts Awards Waterloo Region Awards Event. The evening saw 11 awards presented: seven awards presented in the broad category of "the arts"; in addition, there were two Emerging Artist awards, an Arts Philanthropist award, and a Lifetime Achievement award.


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New Era

Part Time Job Expo This Thursday

Part-time opportunities can be a solution to the workforce gap.

The Workforce Planning Board, in partnership with the Immigration Partnership of Waterloo Region, is holding a job expo focused on part time employment. Employers have hard to fill job vacancies, many people want part-time employment whether it is because of school, semi-retirement, parenting or just a preference. Part-time opportunities can be a solution to the workforce gap.

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Marketing Awards

CMA Celebrates Canada’s Top Marketers at 2019 Award Show & Gala

A sold-out crowd of 1,200 people gathered last week to celebrate the winners of the Canadian Marketing Association’s (CMA) 2019 Awards, including presentation of our premiere awards: Marketer of the Year, Best of the Best, Lifetime Achievement and Top Cause. “Every year, we are impressed by the exceptional calibre of award entries, and this year is better than ever,” said John Wiltshire, CMA president and CEO. “We are proud to celebrate the best in Canadian marketing, and to inspire all Canadian marketers to this level of excellence.”


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Global Markets

UK and US sales teams feel negative effects of Brexit and US political landscape

Research reveals sales slumps and travel restrictions brought on by broader political dynamics

A survey of 500 finance professionals across the UK and US has revealed the impact of recent political developments on organisations’ sales growth and investment in travel. Research released today shows 40% of organisations have seen a slowing of their sales pipeline since Brexit, with a further 32% reported as remaining static. The survey was conducted by SalesTrip, the travel booking and expense management system that combines business travel, expense and operational data to demonstrate the impact of travel costs on company revenues.





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Bee Campus Bee Cause

Laurier earns its pollinator wings with official Bee Campus designation

Laurier students build bee hotels.

Wilfrid Laurier University’s Waterloo campus has been officially designated as a “Bee Campus” by Bee City Canada. Laurier is the ninth post-secondary campus in Canada and the first in Waterloo Region to be recognized for a dedicated commitment to helping protect and support pollinators. Insect populations are declining across the globe, which is a significant concern as approximately 90 per cent of flowering plants on Earth depend on insect pollination. Threats to wild bees that provide important pollination services include habitat loss, pesticide exposure and climate change.


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Game-Changing

First-of-their-Kind, Trailblazing Canadian Innovations Celebrated at Ottawa Awards Ceremony

Six researchers, a leading professor and one spin-off company are receiving recognition for their game-changing achievements in Canadian research. Their innovations include work to develop a less costly and more environmentally friendly way to produce cannabinoids, launch a cutting-edge breast imaging device that provides high-resolution images at a lower radiation dose, advance stem cell research as an effective treatment for type 1 diabetes, and demonstrate that plain cigarette packaging increases attention to health warnings. The 9th Annual Mitacs Awards — presented on November 26 in Ottawa — celebrate students, professors and business owners who have made significant achievements while participating in Mitacs-funded programs. They include six awards for outstanding innovation, one for exceptional leadership and one for commercialization of a novel idea.


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Jobs

Employment in Canada Decreased by 22,600 Jobs in October 2019

The September total of jobs added was revised down from 28,200 to 25,700.

Employment in Canada decreased by 22,600 jobs from September to October according to the October ADP® Canada National Employment Report. Broadly distributed to the public each month, free of charge, the ADP Canada National Employment Report is produced by the ADP Research Institute®. The report, which is derived from actual ADP payroll data, measures the change in total nonfarm payroll employment each month on a seasonally-adjusted basis.


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R&D

New research shows how use of cholesterol lowering drugs may cut risk of lethal prostate cancer

New research led by Queen’s University Belfast, UK has found that men who are on statins, medicine used to lower blood cholesterol, may have a reduced risk of developing a more lethal form of prostate cancer. The study, published today in Clinical Cancer Research, a journal of the American Association, was carried out by researchers at Queen’s University Belfast, Trinity College Dublin and the Dana-Farber/Harvard Cancer Center.


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Start-Up

Second Round of Blockchain Incubation Program Started in Switzerland’s Crypto Valley

Investment company Crypto Valley Venture Capital (CV VC) starts its second incubation program in Zug; 9 projects were selected from over 300 applications to take part in the first-of-its-kind blockchain incubator in Europe; The CV VC investment portfolio currently includes 26 startup investments from 13 countries

After the successful completion of the inaugural CV Labs Incubation Program in spring 2019, the second batch of incubatees has now started the unique program in the heart of the Crypto Valley. For the second round of the incubation program, CV VC has evaluated applications of 300+ Blockchain startups and ultimately selected 9 promising projects from 6 different countries. Startups selected into the program receive up to CHF 125,000 in return for 10% of equity. Like last time, all international startups are relocating their founding team and business to Zug (CV Labs) for the duration of the incubation program or longer.



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EVENTS



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November 27, 2019

Making Cent$ of Abilities Breakfast Workshop



Shefali Rajaputra, Associate Lawyer at Gowling WLG, will be one of the speakers at our upcoming Making Cent$ of Abilities Breakfast Workshop. The Making Cent$ of Abilities Coalition is a partnership focused on providing businesses and organizations with an opportunity to tap into a larger hiring pool by providing resources to hire and retain people with disabilities. The coalition will present these resources during a series of presentations, guest speakers and panel discussions. Those in attendance will leave with the knowledge and resources needed to successfully hire and retain people with disabilities.


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November 28, 2019

Employers Can Register Now for our Part Time Job Expo

Part-time opportunities can be a solution to the workforce gap.

The Workforce Planning Board, in partnership with the Immigration Partnership of Waterloo Region, is holding a job expo focused on part time employment. Employers have hard to fill job vacancies, many people want part-time employment whether it is because of school, semi-retirement, parenting or just a preference. Part-time opportunities can be a solution to the workforce gap.


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November 29, 2019

CFFB Signature Event: “Jumping the Fences” by Terry O’Reilly

CFFB is hosting Terry O’Reilly, popular radio host from CBC.

In the age of transformational technological change and disruption, technical know-how is no longer sufficient. Building influence and strong working relationships with people in positions of power is absolutely necessary! Join business owners, their families and advisors that support family enterprises for breakfast and learning at the CFFB Signature Breakfast Event November 29th (7am – 10am), Bingeman Embassy Room. This event will be sure to inspire, challenge and encourage you in your pursuit of skills to navigate through this era of disruption.


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February 19, 2020

Picklers Unite! St. Mary’s Pickleball Cardiac Classic aims to perk your pulse this Heart Month

The Waterloo Pickleball Club will host players of all skill levels in a fun & friendly tournament supporting St. Mary’s Regional Cardiac Care Centre February 19th – 21st, 2020, on the courts at RIM Park Manulife Sportsplex. “Playing Pickleball provides a boost to the entire cardiovascular system, which helps to lower blood pressure and prevent stroke or heart attack. As well, the smaller court format of pickleball gives you a good aerobic workout without much stress and strain on joints and muscles, which can be a concern with other racquet sports.” Endorses Dr. Matt Chamberlain, Medical Director of St. Mary’s Cardiac Rehabilitation Program. www.supporstmarys.ca/pickleball










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