Breaking Down Silos: LSG Strategic Investment Worth $12M in AECO Innovation Lab for Industry Advancement
Toronto, ON, October 3, 2023
LSG (Land Services Group), a leading innovator in land development and services, is proud to announce a strategic investment worth $12 million into AECO Innovation Lab, a leading-edge digital transformation partner. This partnership underscores LSG's commitment to fostering collaborative, innovative, and research-driven solutions within the architecture, engineering, construction (AEC), and associated government sectors.
AECO Innovation Lab serves as a nexus for industry, academia, and government, dedicated to solving complex industry challenges with innovative solutions to streamline approvals in response to the housing crisis. Their mission is to break down silos and enhance the productivity of AEC and government institutions by providing a platform for collaboration, knowledge sharing, and digital transformation.
"We are excited to embark on this strategic partnership with AECO Innovation Lab," said Reza Esmaeli, Founder and CEO of Land Services Group. "AECO Innovation Lab's mission aligns seamlessly with our vision of creating a more sustainable and efficient built environment and merging experience with technology to create solutions to help solve the current housing crisis in Ontario. Together, we aim to accelerate progress towards more advanced industry solutions." LSG recently launched Crowda, an AI-powered innovative fundraising platform focused on making land development projects more efficient, less risky and with a higher return for developers and investors.
AECO Innovation Lab's vision centers around empowering stakeholders within the AEC and government sectors by connecting them to produce research-driven, innovative, and commercially viable solutions that measurably improve business outcomes. Their leadership team, including Chief Executive Officer Arash Shahi, Project Director & Chief Operating Officer Claudia Cozzitorto, and Head of Business Development Mark Anderson, is dedicated to fostering a culture of collaboration and innovation.
"We are thrilled to have LSG as a strategic partner," said Arash Shahi, CEO of AECO Innovation Lab. "This investment will enable us to further our mission of driving digital transformation and innovation within the AEC and government sectors, ultimately leading to more efficient and sustainable solutions. We have accomplished a great deal over the past three years, including our flagship project, One Ontario. With LSG’s support, we are poised to amplify our efforts including a groundbreaking product debut at the Buildings Show in November. Great things are on the horizon!” With LSG’s support, we are poised to amplify our efforts including the launch of LandLogic, a data platform of the natural and built environment, which will debut at the Buildings Show in Toronto in November. Great things are on the horizon!”
AECO Innovation Lab's team of experts is at the forefront of shaping the digital landscape across AEC industries. They are committed to driving technological breakthroughs that the sector has sought for decades, while also mentoring early-stage start-ups and facilitating the commercialization of emerging technologies.
This partnership between LSG and AECO Innovation Lab represents a significant milestone in the pursuit of collaborative, research-driven solutions for the AEC and associated government sectors. Together, they aim to foster a more sustainable, efficient, and innovative future for the built environment.
AECO Innovation Lab is a digital transformation partner, bringing together government, industry, and academia to provide collaborative, innovative, research-driven solutions to challenges the AEC sectors in Canada are facing today. AECO's flagship product, One Ontario, is a next-gen development approvals platform aimed to provide a streamlined and transparent one window application for all collaborators.
LSG (Land Services Group) is a leader in land development and services, with a commitment to delivering innovative solutions for a sustainable future. With a rich history and a forward-thinking approach, LSG is dedicated to transforming land development and construction processes to create better, more efficient communities.
For more information:
Virginia Wilson
Director of Marketing and Communications
AECO Innovation Lab
virginia.wilson@aecoinnovationlab.com
