Two Techno alumni companies, Sojourn Labs and Argentum Electronics, have been named semi-finalists for the N100 Evolution startup competition. Organized by the Northumberland Community Futures Development Corporation (CFDC), the competition brings in startups from across Ontario to compete for a $250,000 investment.
The team at Argentum Electronics is dedicated to improving power management for IoT, power over ethernet (PoE), solar energy, and other DC devices. Founded by Bolis Ibrahim and Oleh Zhyhinas and a participant of the recent Techno2018 training program, the company’s patent-pending technology allows building managers to combine and balance power from multiple DC sources.
Sojourn Labs, an alumni of Techno2013, is developing the Arc, an electric passenger vehicle designed to fit the lifestyle of urban residents. Founded by Phil Lam and Jonathan Lung, the Sojourn Labs team is dedicated to improving urban transportation by reducing congestion and providing new opportunities for active living.
The eight semi-finalists will now participate in the N100 Pitch School, an intensive pitch sorkshop and simulation, on September 6 at the new Venture13 centre in Cobourg. Our own Richard McAloney and Leo Mui will be helping to run the Pitch School along with other N100 Advisors Alison Burgess, Joe Miller, Tony Orsi, and Astrum Nanji. The N100 Pitch Content will take place on September 13 before a live audience and four judges from the N100 Power Panel. Three companies will then be selected to present to the Northumberland CFDC’s Board of Directors and the final winner announced in the fall.