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7 i 7 7 WM l-ltl HULHRONICUL vWednt-sday December 17.1008 ' 3 i G duation day ‘ Pied lin hi h tech entre reneurs leave the nest at the Accelerator Centre 1 g g g P t BYGREG MacDowun “a X, , E “ 54 i Chmmclehtaff fit-I; . "fez - ' i ‘ . - .~ . , t was a bittersweet moment a“) 2 , ”i "‘ ‘ ' “a y ' Iwhen the brains behind Miovi- 1:1 f) . ' i . in ' ‘ ‘ . sion left the Accelerator Centre 533.451; s; - h " My .. as the second startup company to "i “like: ' . I; \ 5 \ ' ‘ ' l ,, ins w‘,’_â€"¢;\ graduate from the local high-tech agiigyt 4 . ‘s is a «f a't’t': , incubator. ‘ ~, . , ’ f“ - 0 - 51.“ i.-’,;T¥§-j;,iag. On one hand, founders Kurtis â€". . sf ' -_ . ‘ -:, '. . , “‘" $3}? McBride. Kevin Madill and Tony _ 5; r J . ' “ . Z ' " 7 ~ {333 Brijpaul were going to miss the l" Q t b . it mentoring and support they‘d ' ‘Q ' ‘ f- ' » ‘ 4 4 received at the centre, located in f“ H ‘ "w j t x the University of Waterloo's s ‘i A. ,' ' Research and Technology Park. \\ j‘ a." , \ ()n the other hand, tlte team Wlll 7 ‘ ., s \ We." not miss cramming ill people into "Q \f\ ' A" 700 square feet of ottite spat e in in}? the building "' "We had to use the halls as a warehouse for out prodiit is.” said McBride. who along With his part , ‘-~ nets started Miovisioit when they / , , graduated from engineering at UW, ‘ loo and a half years later, tlte company, which automates traffic as” {it cameras and sells webrbased inon ‘ I 3: itoring software to monitor those 7 3} 2,53 cameras has grown too big for the ‘3 \s 1 a centre. “ N ‘ ‘ a: last week the braintrust official u Iy graduated from the centre. set? ‘ ' _ , ‘~ ting the stage for the companys } expansion ‘ ,' Miovision is mining to a larger ' facility, With 10.000 square feet ~â€" l more than ll) times the amount of ’ ‘- space they had at the .r\cceleratot Tony Brijpaul, Key/in Madtll and Kurtis McBride celebrate their graduation from the Accelerator Centre last week Their company, Miovision, was the first Centre. client to tom the highrtech incubator we «Acme more While the new office is a sign that Miovision is on the use. it Will Most candidates wouldn‘t have headings and add a few rows." he much ofthetr success to it. And Mioyision was one of the be a little strange to transition into much knowledge of the business said. "I wasn't sure what they were “Everything we need is under ideal clients for the centre the new space, Briipatil said at a suit“ but would haw strong prod» talking about." one roof," McBride said. “We can "They really took advantage of special graduation ceremony held net proposals. said lom (err. the Eventually he leamed about balv learn about business plans, mar everything we offer." ( orr said, for the company at the r'\(‘(t'l(‘l'2tttir centre‘s chief executive officer The ance sheets and proper attounting keting. pricing all in one place. “They were focused and smart (Ientre last lhursday Mioyision team fit that hill. methods. but it took liitii awhile to "It really is invaluable," enough to know what they didn‘t "il‘herels an upstairs and down Mt Bride. llriipaul and Madill realize that he should ask for help The brass at the Accelerator know and they took it upon them stairs at the new office It‘s going to had art idea fora product, but that's That led him to one of the (ore ( entre are hoping to see more stir selyes to learn it " he a lot different than 20 of its sit about it, Mtflride said But by using values ofhuildinga business Less stories like Mioyision A few Now that \1ioyision has gratin titig all in a room." he said "Maybe iiienttiring. seminars and learning "You don't know what you don't months ago they graduated anoth ated the centre Will be able to we won‘t feel as close htit this is on the fly the founders have man know," he said. “You need to he er tech firm, Primal liisirin, and II act ept another startup 'lhere‘s a part of building a business." aged to turn Mitmston into a Wall": open to learning." feels like the centre is picking tip long waiting list to lull] the swelling The three engineers didn't kiioys business entity And you have to he on the look steam, (nrr said. ranks and Lorr expects there Will be much about business when they During an address last week. ottt for new knowledge, llri|paul "We're very happy Both l( om more room tot’ome partnered With the Ar ( elerator when Mins'ision officially graduat» added panies‘i came in With two or three "It takes about three years for a ‘ (Zetttre. ed from llH' «\t'( elerator ( entre, "Really it‘s iiist about hard people and came out Wllh many client to graduate. so we‘re thinking i The centre opened in April 3005 Mt llride relayed an anettlote about work," he said "We learned a lot of more," he said. three companies Will be doing so With support from the region, the managing cash flow things over the past few years, but llie future looks bright for both next year," he said province, the federal governtrtent, He had a spreadsheet that at the core ofit is that business is all tonipanies, which is the goal of the lle's hoping that the next startup the city and ”W. detailed the (ash iti and cash out, about hard work centre. (‘orr said. Will be as mlling to learn as Minn llie goal of the .»\ccr‘lerator (en but it was really only comprehensie " l’hat's the key to siit ( ess, l “ lliat‘s‘ what the Accelerator sion tre was to help startup companies ble to hitn Whenever he showed it think." ( entre is really all about ., haying " Iltey have a great ability to lts learn the tits and outs of the busiâ€" to anyone. they'd wonder why it llie men behind Mitiyision are young entrepreneurs create sits ten. that's the set ret of their stir 1 ness world while getting their btisi wasn't in a more standard form. happy for their experience at the (tunable businesses out of initial cess," he said. “l guess it's not mitt lt ‘ nessoffthe ground "So I'd go back and hold some Accelerator (more and attribute proposals." he said. ofa secret anymore." i i l l I g i a L I, g ‘ HHappyolidayS HEER’S = l i ll \ l I \ i‘ g I"i'c'iiiittvti‘wits‘ l",ii'“ r t altime- ' "‘ 8 ‘ at: ”Loud t n ‘i -. 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