A Toronto-based sensor and analytics company has received a $1.5 million injection to support commercialization of its cleaning monitoring applications and further market expansion of its smart response product lines. Mero Technologies Inc. is one of four newly announced selectees for the Canadian government’s Jobs and Growth Fund, which provides interest-free loans of up to 50 per cent of eligible costs for businesses contributing to economic competitiveness, technological innovation, inclusion, resilience and low-carbon outcomes.

“Supporting Canadian innovators as they modernize and develop new processes, technologies and products to improve the way Canadians live and do business is critical,” asserts Filomena Tassi, the Minister Responsible for the Federal Economic Development Agency for southern Ontario.

Mero Technologies, which was founded in 2018, expects to add 30 new skilled positions to its employment roster as it deploys the federal funds. Commercial building operators have been adopting the company’s smart sensor and cleaning control products to gain a real-time reading of building occupancy, cleanliness levels, supply inventory and urgent requirements for maintenance response.

“Our made-in-Canada technology has the potential to make a significant impact in the commercial real estate industry, which has seen huge shifts since the effects of the pandemic,” maintains Mero co-founder, Nathan Mah. “The funding provided by FedDev Ontario’s Jobs and Growth Fund will be critical to our business scaling and reaching the heights we anticipate.”