Former Ottawa Gee-Gees lineman Naim El-Far's is a partner in the start-up company Lightspeed Studios, won a $500,000 prize on Dragon's Den this week. El-Far, who's from Amman, Jordan (hey, same hometown as my brother-in-law!) won the TSN Russ Jackson Award for academic and athletic excellence in 2006 and was working on his doctorate in computer science while playing football.
Lightspeed's business idea seems to have that balance between ingenious and simple.
First Memories builds next-generation photography kiosks that are placed in maternity wards in hospitals and allows families and friends of newborns to take pictures with the baby, share these pictures online and via email and also walk away with a colour photo, all for free. The firm earns profit from sponsorships and advertising.Nice.
" 'They reviewed our books and reviewed our technology,' said El-Far, 28, whose brother Fayez also works at the start-up.
" 'They made sure that everything that was said on set was actually true.'
"First Memories is currently in use in eight Canadian hospitals, with rapid growth planned in 2009." -- uOttawa press release
(Cross-posted to The CIS Blog.)