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Peterborough Startup Kavtek Launches the First Augmented Reality App for Complete Home Remodeling - 2018-07-19
Technology startup Kavtek has created the first augmented reality app of its kind for real estate agents and their clients, and is now partnered with Wayfair to display their products in the app. Wayfair is one of the largest online retailers for home furniture in the United States and Canada. Kavtek allows users to completely remodel any home and envision future possibilities for improvement. It is officially available on the App Store for iOS devices, and Google Play for Android devices.
Kavtek has already partnered with RE/MAX INTEGRA, to provide access to its augmented reality platform to over 10,000 real estate agents across Ontario and Atlantic Canada.
“Millennials make up the largest segment of homebuyers today, and most of them start their search for a new home online. Augmented reality apps like Kavtek cater to this mobile-savvy generation’s desire for instant information and customizable experiences,” says Christopher Alexander, RE/MAX INTEGRA’s Executive Vice President and Regional Director, Ontario-Atlantic Region.
Other retailers in the home improvement industry have partnered with Kavtek to allow home remodelers access to their products including Wayfair Furniture, Dulux Paints, and flooring from Monaghan Lumber.
“Kavtek has been able to grow substantial partnerships in a very short period of time,” says Michael Skinner, President and CEO of the Innovation Cluster. “Kavtek proves that you don’t need to be in a big city to build a successful tech company. They’ve utilized our Virtual & Augmented Reality Zone, tapped into the angel network and built the technology with their incredible in-house team at The Cube.”
Since launching their pilot program for Kavtek’s alpha version with RE/MAX Eastern, and Leon’s Peterborough late last year, Kavtek has made some major changes to their software. Powered by augmented reality, real estate agents and potential home buyers will be able to visualize future home renovations by completely transforming any living space on their smartphone, iPad or tablet. Current features include the ability to place life-sized furniture, paint walls, change flooring, add lighting, cabinets and appliances as a digital layer on top of the real world.
Real estate agents can download Kavtek on the App Store and Google Play store for free and receive two weeks of unlimited home remodeling, followed by a monthly subscription. Kavtek is free for home buyers and sellers who get access through their real estate agent.
The augmented reality industry for real estate is projected to grow to 133 billion by 2021 driven by Apple and Google, and Kavtek’s technology will contribute to this growth of innovative technology.
Kavtek was co-founded by Alexandra Campbell and Sanu Somaweera clients of the Innovation Cluster. Within six months, Kavtek gained 3 Software Developers and a Marketing Manager, as well as having won the Bears’ Lair Entrepreneurial Competition for the Innovation Stream to accelerate their business in April this year while in Beta stage.
Real Estate Sales Rep and co-founder of Kavtek, Alexandra Campbell, came up with the idea while showing a home to a hesitant buyer.
“Imagine if real estate agents could instantly transform any space to meet their client’s needs,” says Campbell. “With Kavtek, real estate agents can show these transformations happen right in front of their client’s eyes,” says Campbell.
We are excited to highlight an Innovation Cluster member – an Entrepreneur Partner this year to The Cube: our business incubator for technology start-ups and early-stage companies: Community Futures Peterborough!
Located in downtown Peterborough, Community Futures Peterborough (CFP) provides flexible financing options and a wide variety of services to help businesses thrive. Governed by a volunteer board of directors who are business professionals within the County of Peterborough, this local not-for-profit organization has been helping to develop sustainable employment opportunities in the City and County of Peterborough since 1985.
Funded by the Federal Economic Development Agency (FedDev Ontario), Community Futures Peterborough has helped more than 800 businesses by offering over $28 million in loans resulting in excess of 3,300 jobs since its inception.
Gail Moorhouse, Executive Director of Community Futures Peterborough, says it is rewarding to “drive through the neighbourhoods and see the impact Community Futures Peterborough has had on the local business community.”
There are many ways Community Futures Peterborough helps local companies such as sharing financial knowledge or referring entrepreneurs to community partners. The impact the organization has had is wide reaching. “Last year we assisted close to 400 businesses and organizations,” Moorhouse says.
Community Futures Peterborough looks beyond the numbers to offer financing options to small to medium-sized enterprises. The staff at CFP work with you to help your business succeed. The proof is in the numbers.
According to statistics by StatsCan, businesses that receive loans from Community Futures grow faster than those that don’t with loan recipients having an average growth revenue of 14.9% vs 6.9%. Businesses that receive loans from Community Futures also have higher business survival rates of 88% vs 66%.
“Last year, we helped 19 new startup businesses and 12 local businesses expand with loans as small as $2,500 to more than $150,000,” says Moorhouse. “The results are more than 200 jobs created and maintained in the City and County of Peterborough.”
For more information about the programs and services offered by Community Futures Peterborough, you can make an appointment during the Innovation Cluster’s “Office Hours” with Ryan Plumpton, Business & Loans Officer, by emailing firstname.lastname@example.org, or by visiting communityfuturespeterborough.ca. You can also follow Community Futures Peterborough on Facebook and Twitter.
Our Innovation Partners have the opportunity to immerse their brand into the Innovation Cluster network, drive innovation and expand their own network. They help companies jump-start their businesses, lay the foundations for future growth, and succeed.
Peterborough based startup, Zatiq, is now expanding their services around the globe and increasing access to meals locally in Peterborough. After local serial entrepreneur Sultan Moni and Co-founders Hasan Jafri, Junaid Amjad and Yungun Lee launched their mobile app on Android matching consumer cravings with local meal locations through artificial intelligence, the app is now officially available on iOS.
Zatiq has partnered up with Luxér Corp. to expand its operations to Africa. Its first location is in Lagos, Nigeria with 35 businesses and have also launched within Pakistan this summer.
“Luxer’s partnership with Zatiq for Africa’s expansion is going to bring a lot of technological advancements to different countries in Africa,” says Ayodeji Folikwe, CEO of Luxer Group.
The app started by Trent student, Sultan Moni, now has a total of 33 employees, creating 11 jobs in Canada, 20 in Nigeria and two in Pakistan. With this expansion, the Zatiq app is available in both Nigeria and Pakistan.
“It is an exciting time for Zatiq, in less than a year we were able to grow from a team of two co-founders to 33 members. Our expansion strategy will not only bring in more users and businesses on board but also create over 20 jobs in Canada within the next six months,” says Moni.
Since launching the app in July 2017 that connects local meal options with a consumers food preference while as a client of the Innovation Cluster, 54 restaurants in Peterborough have partnered with Zatiq to provide their menu on its platform, including Popeye’s, Silk Roots Fusion Cuisine and Curry Village. With the extent of businesses in the food industry participating in the app, Moni has since implemented an augmented reality smart menu, so users can see an exact visual of how their meal will look in 3D. They are also introducing a customer relationship management software for restaurants to manage their workflow better.
“The augmented reality menu is the future of restaurant and hotel menus in our generation,” says Folikwe.
The app best solves the recurring issue of deciding what to eat for their next meal. A 2017 survey found 42 per cent of Canadians are either buying ready-to-eat meals or eating at a restaurant once or twice a week, while another 3 per cent admitted to doing so on a daily basis. With the Zatiq app, users have easy access to their local options and are more likely to choose a meal quickly.
The Zatiq team has continued to grow, providing solutions for their consumers to not only find meals, but have better food security. Through an exclusive sponsorship contract with Popeye’s Peterborough, Zatiq is able to provide free food to users throughout the year.
“Large quantities of food are wasted by restaurants at the end of every day, which we thought could go towards people in need,” says Moni. “I was surprised by how eager Peterborough’s restaurant owners were to get on board, especially Asaad Butt of Popeye’s Peterborough.”
Popeye’s Peterborough has signed a 12 month contract, allowing Zatiq to offer free meals that would otherwise be wasted from its restaurant.
Moni has also joined the YES Shelter’s board of directors, who work together to create programs and solutions for the youth and families who benefit from the organization.
Moni was a finalist for RBC’s Immigrant of the Year award, being in the top 75 out of thousands of applications. Moni stood out for his contribution to Canada through entrepreneurship.
- Peterborough Startup Kavtek Launches the First Augmented Reality App for Complete Home Remodeling
- Innovation Partner Highlight: Community Futures Peterborough
- The Peterborough Based App That Finds Food Based on Your Mood is Expanding Worldwide
- Innovation Partner Highlight: Kawartha Credit Union
- Innovation Partner Highlight: Inclusive Advisory