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But can a formula determine whether two people will have a successful long-term relationship? According to market research company IBISWorld, the online dating industry made 3 million in Canada in 2014.Services like e Harmony and promise to find you the best potential matches based on complex and tightly guarded algorithms.

Judges from Mercedes-Benz will select 1-2 startups who will have the opportunity to take part in follow-up meetings with North American executives, and potentially qualify for a pilot program at Mercedes-Benz locations across Canada, the US and/or Mexico.The top media pitcher will get a digital story and an interview on either CBC Radio One or CBC television.Producers and hosts will also be available to give practical advice on pitching and cutting through the press release clutter."It is very very difficult, if not impossible, to predict initial chemistry using variables assessed before two people meet each other," said study co-author Paul Eastwick, an assistant professor at the University of Texas at Austin."The algorithms are not scientifically valid and are extremely unlikely to generate compatible matches." In other words, matchmaking sites simply can't account for how two people will get along in person — chemistry, if you will.

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From DNA testing to personalized matchmaking, there's no shortage of services promising to help you find love — for a price.

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