Posted on October 8, 2020
More than a dozen University of Toronto startups – all focused on making a global social impact – have received support through the Lo Family Social Venture Fund, Betakit reports.
The 14 winning ventures include Ryan Tam’s startup Aerlift, a drone-operated delivery system developed at U of T Engineering that helps governments provide health care to remote populations. LSK Technologies, founded by pharmacy alumni Seray Çiçek and Livia Guo with professor Keith Pardee, received a grant for its rapid virus-testing device that can test for COVID-19 and other diseases right in your doctor’s office, or even in remote locations.
Engineering alumnus Olugbenga Olubanjo won support for Reeddi, which has developed a tool that provides clean and affordable electricity to individuals, households and businesses operating in energy-poor regions of the world. Recent Rotman Commerce grads Jamie Lee and Judson Asiruwa also won support for swate, a mobile app that uses grocery inventory tracking technology to provide recipe and meal plan recommendations so individuals can decrease household food waste.
The Lo Family Social Venture Fund, launched with a generous gift from the Lo Family, provides support for social startups launched by U of T students or recent graduates that will have a positive impact on the global community, with a particular focus on Asia.
Awards for undergraduate students can be up to $15,000 while graduate students are eligible to receive as much as $30,000.
Read more about the vision of the fund and about winners who are 3D-printing smart soil to grow better crops, turning food waste into clothing and “fundamentally transforming how we respond to pandemics.”