Tourism, Culture, Industry and Innovation
April 27, 2018
Minister Mitchelmore Announces Funding for Innovative Thermostats
To further build on the Provincial Government’s commitment to fostering conditions that enable innovation-driven business to develop, scale-up, grow and diversify, the Honourable Christopher Mitchelmore, Minister of Tourism, Culture, Industry and Innovation, today announced a Business Investment Loan of $499,000 to Empowered Homes Incorporated, to support the development of programmable thermostats for lowering residential energy consumption. Minister Mitchelmore was joined by Mark Browne, Parliamentary Secretary for Tourism, Culture, Industry and Innovation
Empowered Homes has developed a product solution called Mysa, which is a mobile app enabled, Wi-Fi compatible, line voltage thermostat that combines a sleek design with innovative software to give users total control of their heating systems remotely. Mysa maximizes energy saving by using algorithms based on user habits and big data to automate a heating schedule, without sacrificing the homeowner’s comfort. Using Mysa, projected cost savings could potentially reach 10 to 20 per cent annually.
Through the Business Innovation Agenda, the Provincial Government is supporting the development of an entrepreneurial pipeline in Newfoundland and Labrador with support throughout the business life-cycle from concept to seed, to start-up and then scale-up and growth.
Through the Cabinet Committee on Jobs, the Provincial Government has collaborated with industry on the development of a Technology Sector Work Plan, to maximize private sector job creation and economic growth as set out in The Way Forward. Today’s announcement provides support for a new and innovative venture and highlights the exciting opportunities in our technology sector. In addition, it builds on previously announced supports for ventures in other identified priority sectors including aquaculture and agriculture to foster new economic development throughout Newfoundland and Labrador. Details regarding progress to date with these sectors, and the current status of other economic development initiatives, are now available online at thewayforward.gov.nl.ca.
Actions to advance the mining, forestry, and community sectors will be officially launched at sector summit events later this year.
“Empowered Homes is targeting energy-conscious consumers who seek better alternatives to home comfort and value. This focus on innovation will support development of high skilled jobs in software engineering and manufacturing, and sustain local market growth.”
Honourable Christopher Mitchelmore
Minister of Tourism, Culture, Industry and Innovation
“Mysa is the first ever high-voltage thermostat that is truly smart. It is fully featured for the conscientious consumer: smart learning features which amount to approximately 15 per cent savings on energy bills, remote access to control their home’s heating through their smartphone from anywhere in the world, and integration with popular smart home platforms. Mysa is a world class product with thousands of customers all across North America. Mysa would not be where it is today without the financial support from TCII.”
Zachary and Joshua Green
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Empowered Homes - getmysa.com
Business Innovation Agenda -
Tech Sector Work Plan
2018 04 27 10:20 a.m.