Eigen Lands $250,000 from NBIF
Aiming to improve its industrial Internet of things technology, Eigen Innovations in Fredericton has landed a $250,000 investment as part of a funding round it hopes will amount to $750,000.
The New Brunswick Innovation Foundation said Tuesday it will invest in the company, which makes automated systems to help manufacturers refine their processes.
The funding is another step in the development of New Brunswick’s industrial Internet of things cluster, in which automated systems gather data from machines, analyze it and give machines instructions with greater speed and precision than a