News Column

Promising Futures Ahead for the Latest GrindspaceXL Graduates

June 6, 2014



OTTAWA, Ontario, June 6 -- The Invest Ottawa (formerly the Ottawa Centre for Regional Innovation) issued the following news release:

Two Invest Ottawa portfolio companies are ready to leave the nest. Graduating from the GrindSpaceXL Accelerator Program, MicroMetrics and BitAcess are preparing to move into new office spaces of their own, with promising futures ahead.

BitAccess (http://www.bitaccess.co/) is packing their bags and relocating to San Francisco. Accepted to the Y Combinator program, co-founders (and serial entrepreneurs) Haseeb Awan, Vignesh Sundaresan, Moe Adham and Ryan Wallace are looking forward to growing the business with the help of the world's top mentors in Silicon Valley. However, they truly value the launch pad Invest Ottawa gave them.

"The GrindspaceXL program is what brought all of us together," said Hasseb Awan, Co-Founder, BitAccess. "Then, Invest Ottawa connected us to the right people and provided us with space to build the machines. We're so grateful for that and for the patience of Invest Ottawa CEO Bruce Lazenby. Our team was literally building the machines right outside his office."

BitAccess manufactures the world's best bitcoin ATMs with their proprietary designs. The machines, built from scratch, provide the easiest and fastest way to buy and sell the virtual currency. At the moment, they are operating in 26 cities, across 4 continents, in countries including Australia, Mexico, Dubai, Belgium, Netherlands, Slovenia, Switzerland, U.S.A and Canada.

Staying local, MicroMetrics (http://www.micrometrics.co/) will be moving to 240 Bank Street. Originally coming to Invest Ottawa through StartUp Garage at the University of Ottawa, they joined Invest Ottawa's portfolio in the summer of 2013. Shortly after, they applied for, and were accepted to, the GrindSpaceXL accelerator program September 2013 cohort. The company was co-founded by Martin Kratky-Katz (Co-CEO), Artem Abramov (Co-CEO), Tomasz Ogrodzinski (User Experience Lead) and Andre Richards (CTO).

"Being at Invest Ottawa has given us access to great resources," says Martin Kratky-Katz, Co-Founder, MicroMetrics. "We've been able to make important business connections through the Invest Ottawa networks, and that has opened up a lot of doors for us. Plus, the constant exposure to other creative, smart and driven entrepreneurs has been amazing for sharing ideas to help propel our business forward."

MicroMetrics helps brick and mortar businesses collect data more effectively from customers. Their micro surveys monitor key behavior indicators from people passing through a store so that businesses can make better decisions. Their product can currently be found in Kundstadt Sports and the Ottawa Health Group. Coming up this month, MicroMetrics is starting an exciting pilot project with Chapters at their Rideau Centre location.

Although the two companies will no longer be resident's at 80 Aberdeen, they will continue to receive mentorship and guidance from Invest Ottawa. They will continue to work with their Entrepreneur in Residence (EIR) and have access to business advisory services as needed.

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