Ottawa-based software as a service (SaaS) accelerator program L-Spark Corp. is launching a new Secure IoT Accelerator program, working with Telus Corp, BlackBerry Ltd. and Solace, the group announced on Wednesday.
The program will work with Canadian ventures developing Internet of Things (IoT) products and services. With communications vendor Cisco Systems Inc. predicting the global IoT market will be worth $1.1 trillion USD by 2021, there’s plenty of incentive to develop more advanced and secure IoT technologies.
The accelerator will not provide any funding to firms selected to take part, according to Leo Lax, the executive managing director at L-Spark. Nor do they have to pay any fee to take part or share any of the intellectual property they develop. But they do have to put their R&D resources towards developing a proof of concept on a hardware and software platform being provided by the three technology firms partnered with the accelerator.