Skip to content

A multi-million dollar haul for tech company North

The federal government is providing the company, formerly known as Thalmic Labs, with $24-million dollar investment
0
north
@focalsbynorth/Twitter

A company ready to introduce the world to their new smart glasses are getting some major support from the Canadian government.

North, formerly known as Thalmic Labs, is getting an investment of $24-million dollars from the government's Strategic Innovation Fund to go towards "building out North's advanced manufacturing capabilities" in Kitchener-Waterloo.

It will also add more research and development, as well as testing techniques.

"The majority of funding will go to projects happening over the next few years," says co-founder and CEO for North Stephen Lake, "Really, it's forward-looking in terms of going from what we announced with Focals V1 to continue to innovate and build great products and a great company in the region."

"We’re focused here on making everyday smart glasses with Focals, but broader than that, this region is really important for Ontario and Canada. It’s an ecosystem of high tech innovation and advanced manufacturing and it’s something we can truly be world class at."

This comes as North rolls out 'Focals,' a pair of smart glasses built for everyday wear.  The company constructed a 60,000 square foot facility in K-W to build the glasses, and say they are dedicated to keeping the advanced manufacturing local.




Comments


Mark Pare

About the Author: Mark Pare

@MarkLPare
Read more
Rogers Media
230 The Boardwalk Kitchener, ON, N2N 0B1 © 2006-2019 Rogers Media. All rights reserved.