Business Profile: Energy intelligence software that learns on its own.

Invenia provides Energy Intelligence Systems (EIS) for the needs of energy providers from generation to delivery. Invenia’s EIS is an artificial intelligence / machine learning platform which optimizes wind power, electrical load forecasts and decision making to reduce risk and increase the value of energy market operations. Invenia’s EIS for Wind Power, which is in commercial operation, has already prevented over 36kt of CO2 emissions, and has the potential to reduce CO2 emissions by 35Mt per year.

His Story: “It started with the realization that this type of technology could change the world, so I decided to do exactly that.”

That’s the reasoning behind Matthew Hudson‟s decision to launch Invenia Technical Computing Corporation, with the support of Meyers Norris Penny LLP and the investment of CYBF. Matthew and his partners discovered huge environmental potential when commercializing current technology, essentially developing computer software that can learn the same way as a human.

“Over the last three years, what began as an idea has turned into Invenia’s Energy Intelligence System, which is decreasing global CO2 emissions, and helping electricity markets operate more effectively.”

Matthew credits his CYBF mentor Jeff Ryzner‟s marketing experience with helping Invenia become what it is today, and says he is incredibly grateful for the opportunities he has been given. “As an entrepreneur, I am able to change the world for the better, limited only by my own imagination. It was an incredibly powerful moment, realizing that our technology can massively reduce CO2 emissions while also reducing risk and improving our clients’ ‟bottom lines.”

Short Quote:
“When Invenia was at its startup stage, CYBF’s contributions and assistance were a critically important part of moving from concept to realization. Between the role of our mentor, the support framework and financial assistance, Invenia would not be the company it is today without the help of CYBF.”
- Matthew Hudson, Invenia Technical Computing Corporation

Mentor Quote:
“When Invenia was began R&D in 2006, our mentor’s enterprise level marketing background was a critical part of meeting our goal. Without him, we would not be where we are today.”
- Matthew Hudson, Invenia Technical Computing Corporation

Canadian Youth Business Foundation
Canada’s Entrepreneur Gateway
The Canadian Youth Business Foundation (CYBF) is the ‘go to’ place for youth entrepreneurship. As a national charity, we are dedicated to growing Canada’s economy one young entrepreneur at a time. We look at character not collateral, when providing youth, age 18-34, with pre-launch coaching, business resources, start-up financing and mentoring, to help them launch and sustain a successful entrepreneurial business. www.cybf.ca

Meyers Norris Penny LLP
Meyers Norris Penny LLP (MNP) is one of the largest chartered accountancy and business advisory firms in Canada. MNP has proudly delivered client-focused solutions to mid-market public and private companies for more than 60 years. MNP provides assurance, taxation and business advisory services with customized strategies and a local perspective to help clients succeed. For more information, visit www.mnp.ca