ICT Start-Up Improves Gaming Experience
News release
Ubique Networks Inc. recieves Government of Canada investment to support commercialization activities
June 12, 2018 – Sydney, NS – Atlantic Canada Opportunities Agency (ACOA)
Esports gamers and professional agencies, including tournament organizations, are looking for high quality, shared online experiences that happen in real time. This rapidly growing segment of the entertainment and software industry is developing new tools and platforms to improve content, delivery, and the overall gaming experience. That is why the Government of Canada is investing $500,000 in Ubique Networks Inc. to expand the commercialization of the company’s Swarmio eSports Platform that delivers a fully automated and lagless gaming experience for amateur and professional gamers.
The funding was announced today by The Honourable Mark Eyking, Member of Parliament for Sydney-Victoria, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA).
Ubique’s Swarmio technology levels the playing field for gamers, located anywhere in the world, by ensuring fair play at the highest level of competition, where mere milliseconds determine eSport tournament winners. The Swarmio eSports Platform also offers advanced automated tools that enable tournament organizers host massive tournaments with ease.
This conditionally repayable contribution, through ACOA’s Business Development Program, supports Ubique’s ability to execute its marketing strategy by creating 10 new positions to assist with commercialization activities, upgrading its data center services, and purchasing the necessary equipment needed to service its new markets.
Today’s investment builds on commitments made by the Government of Canada and the four Atlantic Provinces to drive economic growth in the region through the Atlantic Growth Strategy, which supports strategic investments in initiatives that build on the region’s competitive advantages, such as its strong export potential, growing innovation network, and skilled workforce.
Quotes
“The ability to adapt and innovate is critical to the long-term success of any organization - or country. By connecting Canadian businesses with global consumers, we are able to maintain our competitive edge in the fast-paced international marketplace. The jobs of the future depend on us embracing innovation and technology, which will support our ability to grow stronger and more sustainable communities.”
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for ACOA“Ubique Networks Inc. is changing the way we think and instantly connects with people all over the world. In order to continue to drive our economy forward, we need innovative companies like Ubique that are creating skilled jobs in our communities and are able to move beyond our borders to showcase Cape Breton’s growing capacity for technology.” - The Honourable Mark Eyking, Member of Parliament for Sydney-Victoria
“The past few years have been years of high growth for us, with our Platform being launched in and outside of Canada. Our growth will continue to be intense as we launch our technology in more countries for more users. We are very thankful to ACOA and the Canadian government for their support, which has played a crucial role in driving our growth.”
- Vijai Karthigesu, Founder and CEO, Ubique Networks Inc.
Quick facts
-
As of 2018, Ubique has 14 staff working at its headquarters in Sydney, Nova Scotia.
-
Ubique has established key research partnerships with Ottawa University, Dalhousie University and Aalto University in Finland to continue to develop its innovative technologies.
-
By 2020, the esports industry is expected to grow to $1.5 billion in revenue.
Contacts
Alex Smith
Director of Communications and Outreach
Atlantic Canada Opportunities Agency
Phone: 902-426-9417 / 902-830-3839 (cell)
E-mail: alex.smith@canada.ca
Senthil Ratnasabapathy
Director, Communications | Ubique Networks Inc.
Phone: 902-500-5003
Email: senthil@ubiquenet.com
Website: www.ubiquenet.com