Close
Close
Browser Compatibility Notification
It appears you are trying to access this site using an outdated browser. As a result, parts of the site may not function properly for you. We recommend updating your browser to its most recent version at your earliest convenience.
Cobourg Home

We are open! Monday-Friday from 8:30-4:30 p.m.

905-372-4301

55 King St. West, Cobourg

Contact UsFeedback
Our Websites
  • Community Centre
  • Concert Hall at Victoria Hall
  • Council Minutes & Agendas
  • Engage Cobourg
  • Experience Cobourg
  • Fire Department
  • Invest in Cobourg
  • Library
  • Marina
  • Mayor & Council
  • Venture13 Innovation Centre
Translate
Skip to Content

Town of Cobourg Logo

Contact Us Main menu icon
  • My Cobourg
    • A to Z Services
    • About Cobourg
    • Animal Services
    • Building and Renovating
    • Community and Social Services
    • COVID-19
    • Diversity and Inclusion
    • Emergency Services and Preparedness
    • Events Calendar
    • Facilities
    • Fire Department
    • Garbage and Recycling
    • Heritage
    • Library
    • Maps
    • Parking
    • Places of Worship
    • Public Transit
    • Roads and Sidewalks
    • Taxes
    • Transportation & Getting Here
    • View More...
    • View our listing of events in the community

      Calendar

      View our listing of events in the community

    • Find information about Cobourg Transit

      Transit Schedule

      Find information about Cobourg Transit

    • Learn more about local organizations

      Community Directory

      Learn more about local organizations

  • Recreation & Culture
    • Arts and Culture
    • Beaches
    • Cobourg Community Centre
    • Community Organizations
    • Ecology Garden
    • Events Calendar
    • Experience Cobourg
    • Facilities
    • Heritage
    • Library
    • Marina
    • Parks, Lakes, Trails & Conservation Areas
    • Public Transit
    • Recreation and Programs
    • Recreation and Culture Grounds
    • Seniors Activity Centre
    • Shopping and Stores
    • Special Events
    • Transportation and Getting Here
    • Victoria Park Campground
    • Waterfront Plan
    • View our fall/winter leisure guide

      Leisure Guide

      View our fall/winter leisure guide

    • Learn more about our programs and activities

      Community Centre

      Learn more about our programs and activities

    • Visit our parks, lakes and trails

      Parks, Lakes and Trails

      Visit our parks, lakes and trails

  • Business & Development
    • Affordable Housing
    • Applications, Licences and Permits
    • Bids and Tenders
    • Building Department
    • Business Directory
    • Chamber of Commerce
    • Community Profile
    • Employment Services
    • Filming in Cobourg
    • Invest in Cobourg
    • Key Sectors
    • Lifestyle
    • Maps
    • Market Data
    • Northumberland Manufacturers' Association
    • Planning Applications
    • Real Estate
    • Starting a Business
    • Taxes
    • Venture13 Innovation Centre
    • Find applications, licenses and permits

      Applications & Permits

      Find applications, licenses and permits

    • Discover businesses of Cobourg

      Business Directory

      Discover businesses of Cobourg

    • Learn more about Venture13

      Venture13 Innovation Centre

      Learn more about Venture13

  • Town Hall
    • Accessibility
    • Agendas and Minutes
    • Animal Control Services
    • Applications, Licences and Permits
    • Budget and Finance
    • Bylaws
    • Commissioner of Oaths
    • Committees and Boards
    • Community Grants
    • Contact Us
    • Departments
    • Municipal Law Enforcement
    • Elections 2022
    • Freedom of Information
    • Jobs
    • Mayor & Council
    • News Centre
    • Policies
    • Public Engagement
    • Reports, Studies and Plans
    • Taxes
    • View our 2023 Budget page

      2023 Budget

      View our 2023 Budget page

    • Find information about your Mayor and Council

      Mayor & Council

      Find information about your Mayor and Council

    • Check out our public engagement platform

      Engage Cobourg

      Check out our public engagement platform

Main menu icon Menu
Background image

Show or hide navigation More
View our Facebook page View our Twitter Feed view our YouTube page
Decrease text size Default text size Increase text size
Print This Page
Share This Page
  • Open new window to share this page via Facebook Facebook
  • Open new window to share this page via LinkedIn LinkedIn
  • Open new window to share this page via Twitter Twitter
  • Email This page Email
Home/Town Hall/News Centre
  • News Centre
    • Council News
    • Cobourg Library Blog
    • COVID-19 News
    • Emergency & Weather Updates
    • Employment News
    • Facility Closures
    • Newsletters
    • Press Releases
    • Public Notices
    • Road Closures
    • Social Media
    • Transit Updates
    • Subscribe to News
  • Accessibility
  • Agendas and Minutes
  • Animal Control Services
  • Applications, Licences and Permits
  • Budget and Finance
  • Bylaws
  • Commissioner of Oaths
  • Committees and Boards
  • Community Grants
  • Contact Us
  • Departments
  • Municipal Law Enforcement
  • Elections 2022
  • Freedom of Information
  • Jobs
  • Mayor & Council
  • Policies
  • Public Engagement
  • Reports, Studies and Plans
  • Taxes

More in this Section...

Argentum Electronics Wins N100, Secures $250,000 Investment

Posted on Tuesday January 15, 2019
Tweet
Open new window to subscribe via RSS
Subscribe

Cobourg, Ontario—Northumberland CFDC today announced that Argentum Electronics is the winner of its 2018 $250,000 N100 Evolution technology startup competition. The multi-stage competitive gauntlet began in July 2018 at Venture13 in Cobourg, with a total of 44 startups competing at the outset. Argentum Electronics has designed a product line of Power-over-Ethernet (PoE) technologies and smart power management solutions, working within an ecosystem of innovative architects, builders and producers. 

The startup and its Founder and CEO Bolis Ibrahim were already on a major winning streak leading up to N100 Evolution, previously garnering multiple accolades, such as the Norman Esch Engineering and Innovation Award, Ontario Centres of Excellence David McFadden Energy Entrepreneur Challenge, the RECODE Social Innovation and Entrepreneurship Award, the Global Student Entrepreneur Award and most recently, the company took home a Gold Medal in Korea Electric Power Corporation’s (KEPCO) digital transformation conference held in Gwangju this past October. 

With an impressive patent portfolio, backed by partnerships with Microsoft’s IoT & AI Insider Lab in Redmond, Washington, with early support from the Impact Centre at the University of Toronto and Ryerson University’s Clean Energy Zone, and accelerated by a successful customer demonstration project with WZMH Architects, Argentum Electronics is going to market now with a significant boost from N100. And with their win, company operations are coming to Venture13 where Argentum Electronics is immediately hiring for technical positions (click here to apply via Angel List). 

Following a recent $2 million solar-powered electric vehicle charging station funding announcement at Venture13 by MP for Northumberland-Peterborough South, Kim Rudd (click here to view the release) N100 continues the momentum with Argentum Electronics as we work together to realize a smarter, greener, more efficient and dynamic future. 

“We are excited about Argentum Electronics’ PoE technologies and the opportunity for collaboration with local firms and organizations devoted to industrial innovation,” said Northumberland CFDC Executive Director Wendy Curtis. “Congratulations to Bolis Ibrahim for your exemplary performance in N100 and we look forward to playing a major role in your advancement.” 

“Winning the N100 competition is a game changer for us,” said Bolis Ibrahim, Founder and CEO of Argentum Electronics. “With this capital injection we will be able to get our Smart Power over Ethernet Controller (SPEC) product line ready for manufacturing and market entry. Ultimately this will put our company in a highly investable position. We are grateful for all of the support we’ve received from Northumberland CFDC, the N100 Power Panel, and our mentors in this journey.” 

In addition, all eligible N100 Evolution Semi-Finalists are now pre-qualified for up to $30,000 in matching seed funding from Northumberland CFDC’s $2.2 million N1M initiative, with increased support from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) also recently announced by MP Kim Rudd (click here to view the release). 

Through N100 and all of its programs, Northumberland CFDC endeavours to add value to entrepreneurs through funding, financing and entrepreneurial development opportunities in a continuous effort to strengthen the chain of innovation in Northumberland and across Ontario. 

About Northumberland CFDC

Located at the Venture13 innovation centre in Cobourg, Ontario, Northumberland Community Futures Development Corporation (Northumberland CFDC) provides financing and strategy for entrepreneurs as a pathway to future prosperity, delivering local and regional programs including N100, N1M, the Nventure Angel Sidecar Fund, EODP, CEDP and the core Community Futures Program, with the support of the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). For more, visit Northumberland CFDC’s website (click here).

 

About N100

Launched in 2013, N100 Evolution is the sixth edition of Northumberland’s open invitational technology startup competition at Venture13. N100 Startups compete for a $250,000 convertible note from Northumberland CFDC through a series of challenges from the pitch competition to business planning and board room presentations, with entrepreneurial development and support along the way from the Power Panel, advisors and partners. N100 is a biennial competition starting up again in 2020, and proudly sponsored by MathWorks, Budgeto and CCO Productions. For more, visit the official website (click here).

 

About Argentum Electronics

The mission of Argentum Electronics is to bring fundamental innovation to the world of power electronics and IoT technology. The multi-award-winning company provides the smart building value chain (owners, architects, building engineers, and construction firms) with DC power management and Power-over-Ethernet (PoE) solutions through application of a suite of patent pending technologies. The company’s Smart Power over Ethernet controller (SPEC) line features a cloud-managed Smart PoE Splitter, and a cloud-managed PoE Power Combiner for high power PoE delivery. For more information, visit the Argentum Electronics website (click here).

Back to Search

Road Closure Notices

  • Jobs at the TownJobs at the Town
  • Media RoomMedia Room
  • Contact UsContact Us
  • I.C.E.

© 2017-2022 Town of Cobourg   Privacy Policy

AccessibilityFreedom of Information Increase Contrast

Get Social With Us

I'd Like To...

Apply

  • Birth Registration
  • Canada Day Parade Application
  • Death Registration
  • Freedom of Information Request
  • Marriage License
  • Special Event Application

Pay & Learn

  • Council
  • Our Budget
  • Parking Permit
  • Parking Ticket
  • Taxes

Report

  • Report a Problem
  • Report a Dead Animal
  • Downed Sign or Tree
  • Compliments or Complaints
  • Municipal Service Problem
  • Pothole Issue
  • View All..

Visit

  • Community Centre
  • Library
  • Marina
  • Tourism