Thalmic Labs is a great example of that kind of wearable device, or smart manufacturing, or advanced manufacturing type of start-up. They came through a program at the University of Waterloo called Velocity, which is focused on helping students and new grads start their companies. Velocity has a couple of different streams of programming. They have a set of companies that are software and apps development focused, but a growing number of companies that they're seeing now are hardware and device-enabled companies like Thalmic—but Thalmic is one of the earliest.
I know they've grown from a founding team of three or four new grads. There are about 80 or 90 people now producing these devices in Waterloo region. The big challenge they face, which goes to some of the discussion we've already had, has really been around getting that technical talent, that highly specialized device-enabled kind of talent.
One of the interesting things that we're seeing, though, among some of those smaller hardware companies is that they're starting to band together. There's a project at the very early stages that was started by Kurtis McBride, the CEO of Miovision Technologies. They make traffic monitoring cameras and gear for automobile intersections. They're going to start a version of the Lang Tannery for hardware-based device-enabled companies to take advantage of the notion of co-location, the coaching, and the putting of resources right next to the companies. It gives them a place where they can manufacture stuff, where they don't have to bear the cost of their own production. They can share production and testing facilities.