In May, Ray Newal was one of the principle authors of an
OCAD-published white paper that argued that Ontario could and should be a leader in the global wireless industry, but was falling behind -- and offered recommendations for addressing the situation. However
Jigsee, the Toronto-based company of which Ray Newal is co-founder and CEO, is doing its part to help secure Toronto's leadership in the global industry.
Last week
MaRS, where Jigsee is based,
announced that the company had secured angel funding to commercialize and deploy its proprietary mobile technology in India. That technology allows reliable delivery of video content over congested and low-bandwidth networks, as exist in developing countries. The technology would allow users on such a network to watch entire movies uninterrupted -- even if the signal comes and goes.
Jigsee already has a three-year contract with Mumbai-based
Hungama Digital Media Entertainment, a toehold in a country where there are expected to be a billion mobile subscribers by 2014 and where the mobile value added services market is estimated to generate $2.7 billion this year. The company further plans to market its product in other developing nations around the world.
"One of
Jigsee's competitive advantages in emerging markets is its ability to
transform basic low-cost phones from simple calling gadgets into
devices capable of receiving video of any length, whether it be live
sporting events, educational courses or even Bollywood movies," says
Newal in a statement.
The news of funding comes just a month after Jigsee was named to
IDC's list of "Ten Canadian Mobile and Wireless Companies to Watch."Writer: Edward Keenan
Sources:Gordon Jekubik, Jigsee; Linda Quattrin, MaRS