Memorial University’s incubator for technology businesses has been named 2011 Incubator of the Year by the Canadian Association for Business Incubation (CABI). The Genesis Centre is part of Genesis Group Inc., the university’s technology commercialization arm.
Twenty-nine companies have graduated from the Genesis Centre. In total, they have raised $18.7 million in private equity, 65 per cent of which has come from outside Newfoundland and Labrador. The Centre’s clients and graduates employ almost 400 people.
Click here for the News Release with more detail on the award and the Genesis Centre.