QEA Tech – a Markham-based climate-tech & energy audit startup won a prize of USD 64,500 at the 5th Sci Innovation Competition and its global session Shenzhen Innovation & Entrepreneurship Competition. QEA Tech was placed 3rd amongst 189 enterprises from Canada, the US, Australia, Japan, Israel, the UK, Germany, Spain, Netherland, and China.
Sci Innovation Centre and Canada Confederation of Shenzhen Associations organized the Sci Innovation Competition for the 5th year in a row in Canada. The first three years of the roadshow were at Council Chamber of Toronto City Hall, and the 4th & 5th were held virtually due to COVID. In total, 189 companies participated in its global session – Shenzhen Innovation & Entrepreneurship Competition co-hosted by Sci Innovation Centre and nine other institutions in Europe, Asia and US.
QEA won a Canadian divisional 3rd Place Prize – $4500, a 2nd Place Prize in the Digital Economy sector – $15,000, and a 3rd Place Prize in the Grand Finale- $45,000. The Canadian Delegation won a total of 20 prizes adding up to C$450,000.
‘We extend our gratitude to Sci Innovation for leading the Canadian and US delegations and organizing the event seamlessly. As an industry disruptor, QEA tech will continue to create immense value for all its stakeholders and advance the mission of greening the built environment. The platform provided by Sci Innovation through this competition has helped us introduce our novel and innovative technology globally. The prize money will be used towards amplifying our product awareness initiatives and scaling up gradually.’ – Peyvand Melati, CEO, QEA Tech
About QEA Tech
QEA Tech is an industry expert in energy audits that uses highly customized and proprietary technology to assist commercial and residential building managers and owners in running sustainable and efficient operations and maximizing their buildings’ life expectancy. Using drones equipped with IR cameras, QEA Tech collects reliable data about energy losses due to building envelope failures, and using their patented software, QEA Tech uses AI to quantify losses for further analysis of return on investment. The audit’s most vital aspect is the precision and technology used to provide customers with a wholesome data-driven energy loss assessment. You can then make an informed decision on the next steps in repairing and maintaining your assets.