BlackBerry, L-SPARK Launch Third Cohort of Accelerator Program to Advance Canadian Connected Vehicle Technology Innovation

Rhea-AI Summary

BlackBerry Limited (NYSE: BB) and L-SPARK have launched the third phase of their accelerator program aimed at fostering Canadian tech companies in the connected vehicle sector. This initiative will provide selected small and medium-sized enterprises (SMEs) with access to BlackBerry IVY, a cloud-connected software platform for leveraging in-vehicle data to enhance driver and passenger experiences. Applications are open until March 7, 2022, with up to six companies being selected for the cohort.

Positive

• Access to BlackBerry IVY for selected companies can enhance product offerings.
• The accelerator program supports innovation in connected vehicle technology.

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• None.

Chosen companies will have access to BlackBerry IVY to deliver high-impact transportation use cases leveraging in-vehicle data

WATERLOO and OTTAWA, ON, Nov. 23, 2021 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) and L-SPARK, Canada's largest software-as-a-service accelerator, today announced a third phase of their joint accelerator program, which aims to grow Canadian technology companies focused on connected vehicle solutions.

Following the success of the first and second cohorts, the partnership will once again help small and medium-sized technology enterprises (SMEs) grow their businesses and bring new products to market using BlackBerry® QNX® technology. New this year, the accelerator will provide selected companies with access to BlackBerry's Intelligent Vehicle Data Platform – BlackBerry IVY™, enabling them to develop high-impact solutions leveraging in-vehicle data to improve driver and passenger experiences.

Announced in December 2020 as part of a multi-year, global agreement with Amazon Web Services, Inc. (AWS), BlackBerry IVY is a vehicle first, cloud connected software platform that presents vehicle data in a normalized format. BlackBerry IVY insights can easily be consumed by applications on or off the vehicle and are managed via a cloud console. The BlackBerry IVY development environment enables insights to be easily created from vehicle data, safely and securely.

"After two successful cohorts with L-SPARK we look forward to going to back to the deep talent pool that exists within the Canadian start-up scene to help identify those companies that share our vision: a transportation industry – and in-vehicle experience – transformed by data," said Peter Virk, Vice President of IVY Product and Ecosystem, BlackBerry. "As we continue to build out a robust ecosystem of services and automotive applications to leverage the rich data insights that BlackBerry IVY provides, we can't wait to see the ideas and use cases that will emerge to help automakers unlock the vast potential of next generation intelligent connected vehicles."

"Imagine the possibilities when we combine the Canadian SME community's imagination with the technological depth and market reach of BlackBerry", said Leo Lax, Executive Managing Director of L-SPARK. "The breadth of applications, the depth of innovation, and market traction when combined through this accelerator program will be ground-breaking. I look forward to seeing the transformative services demonstrated for use in the transportation industry and the in-vehicle experience of the drivers using these applications driven by BlackBerry IVY." 

L-SPARK will again turn to the expertise of the National Research Council of Canada-Industrial Research Assistance Program (NRC-IRAP), to reach out to companies with business models and technologies that could benefit from working with the BlackBerry QNX product group.

Applications will stay open until March 7^th, 2022. BlackBerry and L-SPARK will then host a selection day where they will choose up to six companies to join the third cohort of the program.

For more information, or to apply, please visit https://www.l-spark.com/accelerator/blackberry.

About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including 195M vehicles.  Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint security, endpoint management, encryption, and embedded systems.  BlackBerry's vision is clear - to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere. 

For more information, visit BlackBerry.com and follow @BlackBerry.  

Trademarks, including but not limited to BLACKBERRY, EMBLEM Design and QNX are the trademarks or registered trademarks of BlackBerry Limited, its subsidiaries and/or affiliates, used under license, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

About L-SPARK
L-SPARK is Canada's leading accelerator for the Connected Cars (AV) industry as well as Software as a Service (SaaS) companies. The accelerator offers programs focused on future innovative B2B and B2B/B2C companies, as well as targeted programs which partner with leading corporations in Connected Medtech, IoT and CyberSecurity.

Since the launch of their first cohort in January 2015, L-SPARK has accelerated 95 companies across Canada who collectively have raised over $115M in follow-on funding. With over 10,000 investors, corporate partners and startups now in their network, L-SPARK has curated a dynamic Canadian tech community for participating companies to join.

Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@BlackBerry.com

L-SPARK
Stef Reid
613 620 0724
stef@l-spark.com

 

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SOURCE BlackBerry Limited

FAQ

What is the latest news about BlackBerry's partnership with L-SPARK?

BlackBerry and L-SPARK have launched the third phase of their accelerator program to support Canadian tech companies focused on connected vehicle solutions.

When are applications open for the BlackBerry and L-SPARK accelerator program?

Applications for the accelerator program are open until March 7, 2022.

What benefits do companies get from the BlackBerry IVY platform?

Selected companies will gain access to the BlackBerry IVY platform to develop solutions that enhance driver and passenger experiences using in-vehicle data.

How many companies will be selected for the third cohort of the accelerator program?

Up to six companies will be chosen to join the third cohort of the program.