2016-09-30: China-Ontario Incubator Proves to be Successful
By OCE September 29, 2016
Ten More Companies Join Program
TORONTO, Sept. 29, 2016 /CNW/ – Ten more Ontario start-ups have joined the ranks of a successful first-to-market incubator for companies looking to make the most of opportunities in China thanks to a partnership between Ontario Centres of Excellence (OCE) and the China Canada Angels Alliance (CCAA).
Last year, 10 investment-ready companies made up the inaugural cohort of the China Angels Mentorship Program (CAMP). Those first 10 companies have already generated close to $6 million in follow-on investments including $1.6 million from CCAA.
This year’s cohort of ten companies is comprised of: Stack Fintech Inc., Cyclica Inc., Mosaic Manufacturing Ltd., Law Scout Inc., Cryptiv Inc., Sage Senses Inc., Suncayr Inc., Directive Communication System Inc., TritonWear Inc., and Industry Corporation.
“The results from the first year of the incubator have been phenomenal,” said Dr. Tom Corr, President and CEO of OCE. “We are very optimistic that the companies in this year’s cohort will meet with similar exceptional results and make the most of the incredible opportunities that exist in the Chinese market.”
Principals from the 10 companies selected will travel to China to work with Chinese investors as well as mentors from both Canadaand China.
“This is a great opportunity for these promising Ontario-based start-ups to meet with businesses and investors in China, share ideas and build partnerships that further allow our companies to stay committed to being global competitors and collaborators in innovation.” said Reza Moridi, Minister of Research, Innovation and Science. “I am pleased with the strong partnership between OCE and the CCAA and look forward to their continued support for Ontario’s growth in trade and investment with China.”
Mr. Zhishuo (Peter) Liu, Founder and President of CCAA said from Bejiing the program literally brings everyone to the table that needs to be there. “We’ve got entrepreneurs, mentors and investors all talking to each other which is what doing business is really all about.”
CAMP’s 2016 Cohort
Stack Fintech Inc.
STACK is a smart digital money account that leverages technology and your network to empower Financial IQ!
Cyclica uses its technology to help you get life-saving therapeutics in the hands of the people that need them quicker, at a more cost effective price than ever before.
Mosaic Manufacturing Ltd.
Mosaic technology lets you print with multiple filaments on your single extruder 3D printer, with no wires or modifications.
Law Scout Inc.
Law Scout is not a law firm. It’s a platform connecting small businesses to lawyers who work online at upfront, fixed fees.
Cryptiv’s software empowers organizations to manage blockchain-enabled digital assets.
Sage Senses Inc.
IoT Embedded Machine Learning Software; 1,000x Acceleration
A Smart UV Indicator that can tell you when your sunscreen is no longer protecting you!
Directive Communication System Inc.
The first and only estate management solution assisting attorneys and personal representatives organize and contact personal accounts to fulfill an individual’s final wishes.
TritonWear advances competitive swimming by providing real-time feedback and long-term tracking of swimmers performance data to coaches.
Our mission is simple: help businesses and consumers become more engaged, informed, and entertained through the incredible power of screens.
About Ontario Centres of Excellence Inc. (OCE) (www.oce-ontario.org)
Ontario Centres of Excellence (OCE) drives the commercialization of cutting-edge research to build the economy of tomorrow and secure Ontario’s global competitiveness. OCE fosters the training and development of the next generation of innovators and entrepreneurs and is a key partner with Ontario’s industry, universities, colleges, research hospitals, domestic and foreign investors, and government ministries. Learn more at www.oce-ontario.org.
About China Canada Angels Alliance (CCAA) Ltd. (www.cc-angels.com)
China Canada Angels Alliance Ltd., CCAA, registered in Toronto 2014, is a Canadian not-for-profit angel group being certificated as corporate members of Network of Angel Organizations-Ontario (NAO-O) and National Angel Capital Organization (NACO). CCAA is devoted to building cross-border eco-system for early-stage innovative companies between China and Canada through co-investments, value-added mentorship and connections to overseas channels and resources. As of April 2015, CCAA represents 28 prominent and resourceful angels investors mostly from China and 11 private institutions/funds from China which connecting to 150 mentors from top 40 mobile/internet Chinese companies as well as other sectors in ICT, UAV, AI, Life Science, Cleantech, etc. CCAA investment size ranges from $50,000 to $8 million per deal. CCAA investors have a successful track record in China with nine investee companies at more than 100 times the returns over the past seven years. CCAA is dually operated in Canada (Toronto) andChina (Beijing) to accelerate the communication and decision making and will syndicate with Silicon Valley partners when needed. Learn more at www.cc-angels.com.
For further information: Media contacts: Denny Allen, Media Relations, Ontario Centres of Excellence, firstname.lastname@example.org; Alan Yang, Vice President, Canada China Angels Alliance, email@example.com