Startup Canada Innovation Award
The winner of the 2018 Startup Canada Innovation Award is TransPod a Toronto-based company reinventing high-speed transportation. Their approach combines aerospace and rail engineering to develop a zero emissions advanced hyperloop that will soon transport passengers and cargo faster than one thousand kilometres per hour. Since its humble beginnings in a Toronto garage, TransPod has grown to boast a team of top engineers and experts, R&D investments, and technology valued at fifty million dollars. Transpod has received a combined thirty-two million euro grant to develop its technology, thanks to collaborations between Canada, France, and Italy. The company expects to start construction of its first hyperloop line by 2025, and that passengers will take their first trips as early as 2030.