Toronto ON – May 1, 2015 GreenSky Capital Inc. is pleased to announce that Smart Energy Instruments Inc. (SEI) has received $500K in funding from the Southern Ontario Fund for Investment in Innovation (SOFII).
“The funding from SOFII will be used to assist us in commercializing our solution and allow us to provide highly detailed, real-time visibility on the grid using our SEI chipset. Without low-cost, high-granularity visibility into the grid there’s just no ‘smart’ to ‘smart grid’,” said Jeff Dionne, CEO of SEI. “We very much appreciate SOFII’s support.”
Launched by the Government of Canada in July 2012, SOFII supports high-growth, innovative Small and Medium-sized Enterprises (SMEs) in rural and urban communities through loans ranging from $150,000 to $500,000. The loans are intended to support the development and commercialization of new products and technologies.
About Smart Energy Instruments
SEI develops game-changing, synchronous measurement technologies for the burgeoning smart grid to address the challenges of increasing renewable energy sources and improving energy efficiency. The company is based in Toronto, with offices in Tokyo, Japan and Silicon Valley. For more information, visit www.se-instruments.com.