The Honourable Bernard Davis, Minister of Tourism, Culture, Industry, Innovation, kicked off #NLTechTour2020 today by visiting Genesis to meet with participants in Newfoundland and Labrador’s inventive, productive, and competitive innovation ecosystem. This is the first in a number of 2020 technology tours.
Genesis clients and graduates have raised more than $615 million and have created more than 1,700 jobs. These companies are generating in excess of $200 million in revenues annually, and are all headquartered in Newfoundland and Labrador. The business incubator has been building and strengthening the province’s emerging tech sector for over 20 years, including supporting successful home-grown graduates such as Verafin, Rutter, Genoa, MYSA and HeyOrca!.
As committed in its Business Innovation Agenda and Technology Sector Work Plan, the Provincial Government is collaborating with organizations such as Genesis to provide supports for innovative and entrepreneurial companies. Supporting start-ups helps create new jobs and opportunities and fosters innovation in our provincial economy.
In collaboration with business, industry and academia, the Provincial Government is linking innovation, entrepreneurship, and economic growth to expand the pool and capacity of businesses in the province.
“Our government is proud of the many Newfoundland and Labrador entrepreneurs and innovators who are excelling every day, and many of the recent successes demonstrate there is no limit to the potential growth of local companies. We recognize that Genesis plays a significant role in this entrepreneurial journey, helping to foster and grow tech companies that are putting our province on the innovation map. We are pleased to kick off our tech tour at Genesis, and we will continue to spotlight local innovation in the coming weeks. ”
Honourable Bernard Davis
Minister of Tourism, Culture, Industry and Innovation
“Genesis is thrilled to be the first stop on the NLTechTour2020. The technology sector in Newfoundland and Labrador is experiencing unprecedented growth and opportunity, and we are delighted to showcase our world-class innovators. Genesis has expanded rapidly in recent years, tripling the number of clients in our Enterprise program since 2015. We see this as only the beginning of our impact going forward, and are proud to be a part of the transformation of the local tech industry.”
Tourism, Culture, Industry and Innovation