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China-Ontario incubator proves to be successful

10 more companies join program


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 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.

Results from the first year of the incubator have been phenomenal

“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 Canada and 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 Inc.    https://cyclicarx.com 

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. https://www.mosaicmanufacturing.com 

Mosaic technology lets you print with multiple filaments on your single extruder 3D printer, with no wires or modifications.

Law Scout Inc.  https://www.lawscout.ca

Law Scout is not a law firm. It’s a platform connecting small businesses to lawyers who work online at upfront, fixed fees.

Cryptiv Inc.  https://cryptiv.com

Cryptiv’s software empowers organizations to manage blockchain-enabled digital assets.

Sage Senses Inc.  https://angel.co/sage-senses 

IoT Embedded Machine Learning Software; 1,000x Acceleration

Suncayr Inc.  http://suncayr.ca

A Smart UV Indicator that can tell you when your sunscreen is no longer protecting you!

Directive Communication System Inc.  http://www.directivecommunications.com

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 Inc.  https://www.tritonwear.com

TritonWear advances competitive swimming by providing real-time feedback and long-term tracking of swimmers performance data to coaches.

Industry Corporation   http://industrycorp.ca