Canadian startups leveraging enterprise-class cloud technologies get to market faster
Accelerating commercialization a key benefit of CANARIE’s DAIR program, supports first-mover advantage in rapidly-changing digital marketplace
[OTTAWA, ON] – CANARIE, a vital component of Canada’s digital infrastructure supporting research, education and innovation, today announced the results of a survey conducted with a cohort of its Digital Accelerator for Innovation and Research (DAIR) users. DAIR offers one year of cloud-based compute, network and storage resources for entrepreneurs and small and medium-sized enterprises (SMEs) to develop, test, prototype and demonstrate next-generation products.
Canadian companies are embracing cloud computing because the technology allows them to cost-effectively build products that can quickly scale to meet the demands of a global customer base. To date roughly 300 SMEs across Canada have used the DAIR platform to support product development and customer trials prior to commercial introduction of a wide array of software as a service (SaaS) applications.
DAIR users surveyed provided insight into how cloud resources can support accelerated commercialization in startups that are squeezed for both time and money. Survey participants said that DAIR:
- Accelerated their time-to-market by 20 weeks;
- Saved them 24 percent on total cost of their development programs;
- Enabledcompanies tohire new employees. 53% of respondents indicated that they hired an average of 3 new employees; and
- Saved them an estimated $7,047 in cloud computing costs, as compared to a typical cloud vendor service.
The accelerated time to market is critical for any business, as a product that lags just six months behind its competitors is at risk of losing up to 2.5 times its potential revenue, and up to 4 times its potential profit.
One DAIR user, Galdos Systems Inc., used DAIR to test their product rigorously enough so that they were able to improve the read performance of Galdos’ INdicio product by 95%, and the write performance by 80%, and gain an additional 20% on both with hardware upgrades to the DAIR environment.
“DAIR allowed us to validate the commercial viability and performance of our INdicio product,” says Eddie Yip, VP Engineering for Galdos Systems Inc. “Without DAIR we would not have had the resources to engage in such extensive early-stage development. DAIR enabled us to evolve our product to meet the demanding needs of our global clients.”
“The survey results clearly demonstrate that DAIR helps Canadian SMEs reduces the time and money required for product development. Given today’s compressed product life cycles, time to market is rapidly becoming a critical strategic objective that drives meaningful competitive advantage,” says Peter Wilenius, Vice President, Business Development at CANARIE.
CANARIE has developed a range of partnerships to encourage startups and small businesses to take advantage of DAIR. Interested companies may find out more and apply to DAIR through:
- the CANARIE website (https://www.canarie.ca/en/dair-program/about)
- CANARIE partnerships with incubators and accelerators, including:
- Assembly Coworking Space
- ICT Association of Manitoba
- Startup Calgary
- TEC Edmonton
- CANARIE’s partnership with the Association of University Research Parks;
- Applied Research offices at the following colleges:
- Algonquin College
- Red River College
- Humber College
- New Brunswick Community College
- George Brown College
- Centennial College, and
- the National Research Council’s Industrial Research Assistance Program (IRAP).
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CANARIE designs and delivers digital infrastructure, and drives its adoption for Canada’s research, education and innovation communities. CANARIE keeps Canada at the forefront of digital research and innovation, fundamental to a vibrant digital economy.
CANARIE’s roots are in advanced networking, and CANARIE continues to evolve the national ultra-high-speed backbone network that enables data-intensive, leading-edge research and big science across Canada and around the world. One million researchers, scientists and students at over 2,000 Canadian institutions, including universities, colleges, research institutes, hospitals, and government laboratories have access to the CANARIE Network.
CANARIE also leads the development of research software tools that enable researchers to more quickly and easily access research data, tools, and peers. In support of Canada’s high-tech entrepreneurs, CANARIE offers cloud-computing services to help them accelerate product development and gain a competitive edge in the marketplace.
Twelve provincial and territorial network partners, together with CANARIE, collectively form Canada’s National Research and Education Network (NREN). This powerful digital infrastructure connects Canadians to national and global data, tools, colleagues, and classrooms that fuel the engine of innovation in today’s digital economy.
Established in 1993, CANARIE is a non-profit corporation, with the major investment in its programs and activities provided by the Government of Canada.
For more information, please visit: www.canarie.ca.