The Honourable Christopher Mitchelmore, Minister of Tourism, Culture, Industry and Innovation, today congratulated the five graduating companies from Memorial University’s Genesis. Minister Mitchelmore attended the graduation ceremony held at the Emera Innovation Exchange in St. John’s.
Avalon Holographics, Empowered Homes, Hey Orca, Nocland and Linxpot were recognized for their growth and innovative products during a ceremony. Each company has benefitted from the mentorship, marketing and technical resources offered by Genesis. More information regarding each company is available in the backgrounder below.
Genesis, located at Memorial University, is a business incubator and support network for technology-based ventures with high-growth potential. Since 1997, Genesis has played a key role in securing $95 million of private investment for clients and graduates, resulting in 1,200 jobs.
The Provincial Government is committed to encouraging, developing and supporting innovation in Newfoundland and Labrador. The Department of Tourism, Culture, Industry and Innovation supports Genesis in its effort to nurture firm growth with operational funding of $650,000 over a two-year period.
Through the Business Innovation Agenda, the Provincial Government is supporting the development of an entrepreneurial pipeline in Newfoundland and Labrador with support throughout the business life-cycle from concept to seed, to start-up and then scale-up and growth.
In addition to supporting objectives outlined in the Technology Sector Work Plan, support for innovation and technology delivers on commitments in The Way Forward to strengthen the province’s economic foundation. The Way Forward outlines all actions the Provincial Government is taking to achieve a strong, diversified province with a high standard of living, and can be viewed at thewayforward.gov.nl.ca.
Quotes
“We know the importance of building and strengthening our emerging tech sector, and Genesis is a key driver of innovation and an essential partner in our province’s economic future. These graduates will play a role in The Way Forward’s Business Innovation Agenda, by helping to expand the innovative capacity of our province. I congratulate the five graduating companies for their ingenuity and expertise, and look forward to learning more about their entrepreneurial journey. I am proud of our government’s commitment to creating an environment where innovators and entrepreneurs can flourish. We were there for them in Genesis and we will be there supporting their continued growth to create jobs and economic opportunities for Newfoundlanders and Labradorians.”
Honourable Christopher Mitchelmore
Minister of Tourism, Culture, Industry and Innovation
“We are so pleased to be graduating five technology companies today from our business incubator. These five companies are global leaders in their industries and at the forefront of innovation. These companies are having significant impact on the economy of Newfoundland and Labrador, together raising more than $5 million in private capital and creating more than 120 jobs in the province. Genesis is very grateful for the support of Tourism, Culture, Industry and Innovation, which allows us to deliver these critical supports to technology start-ups.”
Michelle Simms
Genesis President and CEO
– 30 –
Learn more
Follow us on Twitter: @GovNL and @TCII_GovNL
Media contacts
Eric Humber
Tourism, Culture, Industry and Innovation
709-729-4819, 725-9655
erichumber@gov.nl.ca
Megan Dobbin
Genesis
709-864-4721
Megan.Dobbin@genesiscentre.ca
BACKGROUNDER
2019 Companies Graduating from Genesis
Avalon Holographics
Avalon Holographics is developing next-generation display technology that will solve the challenges in 3D, volumetric, and holographic displays. Through new screen technology, users can view 3D content without the use eyewear or headgear.
Empowered Homes
Empowered Homes has developed a product solution called Mysa, which is a mobile app enabled, Wi-Fi compatible, line voltage thermostat that combines a sleek design with innovative software to give users total control of their heating systems remotely.
Hey Orca
Hey Orca enables marketing agencies and their clients to seamlessly collaborate on social media content by providing a client facing interface and streamlining the approval process.
NOCLAND
NOCLAND has developed a flexible cloud based integrated platform that streamlines monitoring and management of critical IP network infrastructure, while providing around the clock support.
Linxpot
Linxpot is a hybrid online toolbox which enables a company to track a workflow, communication and business processes through one interface. This innovative program allows for complex off-shore builds to basic every day office activities.