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innovation ecosystem in Newfoundland and Labrador

Genesis Centre

The Genesis Centre is Memorial University's award-winning innovation hub for technology start-ups. The Centre accelerate start-ups through all stages of idea development – from pre-incubation and business model development, to investor readiness.  They connect portfolio companies with top mentors and advisors, along with marketing, funding, office space and technical resources to help them succeed.  The goal of the Genesis Centre is to  help entrepreneurs commercialize their ideas and to help build amazing companies in Newfoundland and Labrador.

Admission to the Genesis Centre is competitive and focuses on entrepreneurs who are pursuing technology-based businesses with high growth potential. The Centre is not just for students. It’s a vibrant community of entrepreneurs who have demonstrated that they can drive a venture in its early stages. Admission to the Genesis Centre is based on an assessment of the entrepreneur, the technology, and the growth potential of the proposed venture.

Since the Genesis Centre was founded in 1997, the Centre's flagship incubation program, Enterprise, has helped over 70 start-ups raise over $90 million in private equity. Genesis alumni are among some of the top companies in Canada including, Verafin, Rutter Technologies, Avalon Microelectronics (acquired by Altera), Solace Power, EMSAT, ClearRisk, Genoa Design and Virtual Marine Technology.

 

Additional information:

At the Genesis Centre, our vision is to create a community of amazing companies where global talent, investment & resources want to be. The Genesis Centre is an innovation hub for technology start-ups (with incubator and accelerator programs) that offers a collaborative space, programming derived from best practices, and a vibrant entrepreneurial community. We accelerate start-ups through all stages of idea development – from pre-incubation and business model development, to investor readiness. We help build amazing technology companies.

Additional key products include:

  • Incubator
  • Accelerator
  • Ocean technology partner

 

Additional core capabilities include:

  • Business development
  • Leadership
  • MVP development
  • Lean start-up methodology
  • Sales, marketing & communications, human resources, finance, accounting

 

Additional core activities include:

  • Commercialization
  • Market validation