The Honourable Bernard Davis, Minister of Tourism, Culture, Industry, Innovation, continued #NLTechTour2020 today by visiting the Memorial Centre for Entrepreneurship, to meet with graduates and post-graduates who are turning big ideas into big opportunities
The Centre for Entrepreneurship has been instrumental in the emergence of several impactful local startups, including Mysa, CoLab Software and BreatheSuite. Mysa is one of only 10 Canadian companies to be accepted in the Lazaridis Institute’s Scaleup Program; CoLab Software is the first company from Atlantic Canada to be accepted into prestigious Y-Combinator accelerator; and, BreatheSuite has secured over a half million dollars in venture capital. Combined, these three local companies have attracted $5.5 million in investment.
From an initial intake of 20 students, the centre now provides programming for over 300 students interested in entrepreneurship and in just over three years has secured $4.7 million in funding from local businesses, donors, and the Provincial and Federal Governments.
As committed in the provincial Business Innovation Agenda and Technology Sector Work Plan, the Provincial Government is collaborating with organizations such as the Memorial Centre for Entrepreneurship to provide supports for innovative and entrepreneurial companies. Supporting start-ups helps create new jobs and opportunities and fosters innovation in our provincial economy.
“Internationally recognized as a top five emerging entrepreneurship centre, the Memorial Centre for Entrepreneurship plays a significant role in the entrepreneurial ecosystem of Newfoundland and Labrador. Fostering a culture of entrepreneurship and innovation is important to the Provincial Government, as these innovative students will contribute to an economically diverse and sustainable Newfoundland and Labrador.”
Honourable Bernard Davis
Minister of Tourism, Culture, Industry and Innovation
– 30 –
Tourism, Culture, Industry and Innovation