James West is an investor and the author of the Midas Letter, an investing research report focused on small cap companies. The views expressed here are his own and are presented for general informational purposes only — they should not be construed as advice to invest in any securities mentioned.

The Internet of Things, the era in which all of our devices are connected to the internet in some form, and data and instructions transmitted among them through WiFi, Bluetooth, RFID and cellular signals, has arrived.

Legacy technologies are evolving, and new ones are being developed in the labs of universities and corporate research facilities throughout the world. The race to the next Unicorn ($1 Billion+ market cap startup) is on.

In Canada, that race is underway too. And already, there are a handful of companies who are seeking to capitalize their way to Unicorn glory through a public listing on the Toronto Venture Exchange.

Here are a few, who, by virtue of their product and service offerings, are real Internet-of-Things contenders, and thus bear watching by investors in search of the Next Big Thing.

1. BeWhere Holdings Inc.(TSX.V:BEW)

Continue reading