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91亚色 grad lands major Dragon's Den deal with her innovative AI wig platform

Akosua Asare

91亚色 Schulich alumna and Accelerator graduate, Akosua Asare, pitched her artificial intelligence (AI) powered wig-fitting platform on CBC鈥檚 Dragon鈥檚 Den earlier this month and landed a deal with Canadian investor, Manjit Minhas.

Akosua Asare

Akosua Asare

This self-driven entrepreneur captivated the Dragons, receiving a $150,000 business investment for 25 per cent of her company, ; which features the first virtual wig try on. Using the power of AI, customers can use an app to try on a variety of wigs, which fit and look like their own hair, from the comfort of their own home.

The AI used to analyze user facial features, skin tone and facial structure was developed with the support of researchers at 91亚色. The work is supported by a Smart Computing for Innovation (SOSCIP) project with the Department of Math and Statistics Associate Professor Michael Chen, a collaboration that was facilitated by 鈥檚 industry engagement unit. Backed by funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP), SOSCIP鈥檚 Graphics Processing Unit (GPU) Accelerated Platforms were able to provide as much as 97 per cent accuracy on face shape classification.

The project provided 91亚色 students the opportunity to both apply and build their expertise and research, with far reaching implications for the Canadian technology industry.

鈥淥ur mathematics graduate students developed the AI solution for Akosua鈥檚 startup,鈥 says Chen. 鈥淒uring development, students were able to gain essential experience developing an AI product with real-world application. Projects like this allow us to provide innovative AI solutions, while training AI talents, who are an essential driver of a thriving AI powered economy.鈥

Akosua Asare on the Dragons Den

Akosua Asare on the Dragons Den

Coupled with the support from 91亚色 research, Asare also received additional assistance from Innovation 91亚色鈥檚 LaunchYU Accelerator program, where she spent four months fine-tuning her business through hands-on workshops, one-on-one mentorship, investor office hours, and various networking resources.

鈥淭hroughout the program, Akosua was not afraid to ask for support and feedback, which is just one of the things that make her such a great founder. Seeing the development of her pitch and watching her land a deal on Dragon鈥檚 Den was such a proud moment. It really shows us how far she鈥檚 come as an entrepreneur,鈥 said David Kwok, associate director of Entrepreneurship at Innovation 91亚色.

Before landing her deal, Asare was named the Schulich Startup Night People鈥檚 Champion for her pitch in the alumni category. Her drive and positive attitude continue to motivate entrepreneurs today.

"Akosua is such an inspiring member of our entrepreneurial community,鈥 says Chris Carder, executive director of Innovation and Entrepreneurship at the Schulich School of Business. 鈥淪he always has a 鈥榗an-do鈥 energy and commitment to giving her time to the next generation of student Founders and Innovators. We are all behind her in her journey 鈥 100 per cent.鈥

Asare could not be more motivated to elevate her company given the potential it has. As she explains to the Dragons during her pitch, 鈥渢he value of the application, it's limitless what it can be applied to.鈥 The founder and mother of two is on her way to launching her business with the support of 91亚色 and the newest member of her team 鈥 Minhas.

You can watch Asare鈥檚 pitch on Dragons鈥 Den .

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