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 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
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, denny.allen@oce-ontario.org; Alan Yang, Vice President, Canada China Angels Alliance, alan.yang@cc-angels.com

On 16th August, the Administrative Committee Director Changping Li and deputy director Ying Huang of Zhongguancun Haidian Science Park met with Dr Corr, President and CEO of OCE, along with Peter Liu and Tony Wang, two founding partners of River Capital. The attendees exchanged the perspectives of the investments environments and opportunities for startups and innovations in both China and Canada. Meanwhile, they discussed the operation modes of government sponsored funds and committed to promote the establishment of the China-Canada direct investment fund. Director Li invited Dr Corr to the Dual-Innovation Week in October, reciprocally Dr Corr invited Administrative Committees to participate in Discovery in 2017.

Backed by Canadian government and public fund, OCE is one of the leading organisations to support the technology, innovation and businesses for Ontario’s economy development. OCE hosts Discovery every year, the largest innovation-to-commercialisation conference in Canada. In 2015, OCE partnered with Zhongguancun Haidian Park to launch the CAMP program during the Dual-Innovation Week and successfully accomplished the first year program by inviting 10 Canadian startups to Beijing for a two-week curriculum training course. Part of the cohort has already set up the business in China after the CAMP program.

During the 2 day trip in Beijing, Dr Corr also visited AC Accelerator, TechCode Incubator and Sohu. In addition, together with River Capital investment team, Dr Corr met with KapowKidz, who participated in 2015 CAMP program and successfully entered the Chinese market afterwards.

On the morning of August 16, 2016 (Tuesday), Director Li Changping and Director Huang Ying of Haidian Park Management Committee of Zhongguancun Science and Technology Park met with Thomas Anthony Corr, CEO of Canadian Ontario Center of Excellence at the Software Park International Conference Center, accompanied by Liu Zhishuo, founding partners of Dahe Venture Capital, Wang Tong, etc. The two sides exchanged information on China Canada investment environment, differences in start-ups, and the way the government guides fund operations, and said they would jointly promote the establishment of China Canada direct investment funds. Director Li Changping invited Mr. Corr to participate in the Mass Entrepreneurship Week in Beijing in October on behalf of OCE, and Mr. Corr invited relevant personnel from the Management Committee to participate in the 2017 Discovery Entrepreneurship Conference hosted by OCE.

OCE is one of the most important supporting institutions for early scientific and technological innovation enterprises in Canada supported by the Canadian government and public funds. It holds the largest innovation achievements exchange and exhibition conference in Canada – Discovery every year. OCE and Zhongguancun Haidian Park jointly launched the China Canada Joint Venture Camp (CAMP) activity during the 2015 Mass Entrepreneurship Week, and organized the first activity in November. During this period, the founders of ten Canadian start-ups had a two-week exchange and learning in Beijing. At present, some enterprises have landed and developed in Beijing.

In addition to in-depth communication with Zhongguancun Haidian Park, Mr. Corr also visited AC accelerator, Techcode incubator and communicated with Sohu during his two-day trip in Beijing; In addition, on the morning of the 15th, I met with relevant personnel of Dahe Venture Capital with Kapowkidz, the project team of China Canada Joint Venture Camp Phase I, and exchanged views on the project development and implementation process.

November 13, 2015

Through a new agreement signed today, OCE and CCAA will partner with Zhongguancun Haidian Science Park (ZHSP) and River Capital.

TORONTO/BEIJING, November 13, 2015 – Building on an existing partnership, Ontario Centres of Excellence (OCE) and China Canada Angels Alliance (CCAA) are strengthening ties between Ontario-based businesses and the Chinese investment community.

Through a new agreement signed today, OCE and CCAA will partner with Zhongguancun Haidian Science Park (ZHSP), a high-tech innovation centre in Beijing, often referred to as China’s Silicon Valley, and River Capital, an investment fund based in China. Joining representatives of the four partner organizations were Premier Kathleen Wynne, Brad Duguid, Minister of Economic Development, Employment and Infrastructure and Michael Chan, Minister of Citizenship, Immigration and International Trade.

“We are pleased to be able to strengthen our partnerships in China through this new agreement,” said Dr. Tom Corr, President and CEO of Ontario Centres of Excellence. “By connecting with the hub of high tech activity in China and new investment opportunities, even more Ontario companies will have access to the tremendous opportunities the lucrative Chinese market possesses.”

OCE and CCAA are currently partners in the successful China Angels Mentorship Program (CAMP) that has seen 10 Ontario companies benefit from investments of more than $2 million as well as mentoring and training on how to access the Chinese market.

“The CAMP initiative has already brought many companies to the attention of investors resulting in deals,” said Mr. Zhishuo (Peter) Liu, Founder and President of CCAA. “With technology being such a priority today, the addition of these two partners will bring greater success for entrepreneurs and investors alike.”

Zhongguancun Haidian Science Park is home to more than 10,000 innovative enterprises.

“Ontario has some exciting technologies to share with the world and we are excited to be able to bring our expertise to this partnership to help them develop and grow,” said Huang Lei, Deputy Chief of International Cooperation of ZHSP.

“There are a lot of promising companies in Ontario and joining this successful partnership is going to give us a chance to meet and invest in companies that we might not have otherwise known about,” said Tong (Tony) Wang of River Capital.

About Ontario Centres of Excellence (OCE) Inc. (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. A champion of leading-edge technologies, best practices, innovation, entrepreneurship and research, OCE invests in such areas as advanced health, information and communications technology, digital media, advanced materials and manufacturing, agri-food, aerospace, transportation, energy, and the environment including water and mining. OCE is a key partner in delivering Ontario’s Innovation Agenda as a member of the province’s Ontario Network of Entrepreneurs (ONE), which helps Ontario-based entrepreneurs and industry rapidly grow their company and create jobs. Learn more at www.onebusiness.ca

October 2, 2015

TORONTO, Oct. 2, 2015 – Ten dynamic Ontario startups have been selected as the first participants in a first-to-market incubator for investment-ready companies seeking an international presence in China.

The companies will become part of the China Angels Mentorship Program (CAMP), which matches Ontario companies with investors, potential partners and mentors in and from China, as well as a small group of Canadian mentors who will work with them in Toronto and Beijing. The initiative is the result of a partnership between Ontario Centres of Excellence (OCE) and the China Canada Angels Alliance (CCAA), who are working together to educate and prepare the companies and help shape their business models to fit the Chinese market.

“This exciting partnership with CCAA is giving Ontario start-ups a head start to access the thriving Chinese market,” said Dr. Tom Corr, President and CEO of OCE who will be joining Premier Kathleen Wynne’s mission to China in November. “By working directly with Chinese businesses and investors, we are opening up tremendous business opportunities for these young companies that might not have otherwise been possible. As a key innovation hub in Ontario, OCE is pleased to be able to support growth in Ontario’s trade and investment relationship with China”

The 10 companies selected for CAMP are: ApplyBoard, Beagle, Clausehound, Colibri Technologies, Eve Medical, KA Imaging, Reforges, Raise Your Flag, Story Values and Travelabulous.

The companies will spend the next year building relationships in Ontario and China as they learn how to adapt to the business realities of the Chinese market. As part of this unique mentorship experience, the companies will travel to China for two weeks in November to work with their Chinese investors and Chinese and Canadian mentors, giving them an unparalleled opportunity to immerse themselves in the Chinese market and business culture. The startups’ participation in CAMP is subject to CCAA completing satisfactory due diligence and negotiating final documentation.

“I want to congratulate these 10 amazing Ontario companies on their admission into this great new initiative. By making valuable connections with investors and mentors, they will be exposed to additional opportunities to grow their companies in the lucrative Chinese market while creating good jobs in Ontario,” said Reza Moridi, Minister of Research and Innovation and Minister of Training, Colleges and Universities.

Mr. Zhishuo (Peter) Liu, Founder and President of CCAA, said from Beijing that “CAMP provides Ontario startups a unique opportunity to understand Chinese culture and enter the Chinese market in an intelligent way. We view CAMP as a platform for people – one which gathers the best mentors, the best entrepreneurs, and the best supporters. At the end of the day, it is always people who make the difference.”

About Ontario Centres of Excellence (OCE) Inc. (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. A champion of leading-edge technologies, best practices, innovation, entrepreneurship and research, OCE invests in such areas as advanced health, information and communications technology, digital media, advanced materials and manufacturing, agri-food, aerospace, transportation, energy, and the environment including water and mining. OCE is a key partner in delivering Ontario’s Innovation Agenda as a member of the province’s Ontario Network of Entrepreneurs (ONE), which helps Ontario-based entrepreneurs and industry rapidly grow their company and create jobs. Learn more at www.onebusiness.ca

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) and China (Beijing) to accelerate the communication and decision making and will syndicate with Silicon Valley partners when needed. Learn more at www.cc-angels.com.

 

TORONTO, April 28, 2015 – Having direct business ties to the Chinese marketplace is more important than ever for Ontario start-ups seeking international presence. That makes a new partnership signed this morning by Ontario Centres of Excellence (OCE) and the China Canada Angels Alliance (CCAA) a significant initiative.

“OCE is thrilled to be part of this exciting partnership with CCAA that will revolutionize the way Ontario start-ups are able to access this important market,” said Dr. Tom Corr, President and CEO of OCE. “Tapping into China’s business sector in this way brings about enormous potential for Ontario companies and builds on OCE’s successful national and international partnership portfolio which includes organizations from China, Korea, Quebec and Alberta.”

Together, the two Ontario not-for-profits are building a virtual incubation program called the China Angels Mentorship Program (CAMP). The program enables approved Ontario start-up companies to be matched with investors, potential partners and mentors in and from China to educate and prepare the companies and help shape their business models to fit the Chinese market.

“CCAA has been working very hard in Ontario’s early stage innovation eco-system for almost two years. We know there are significant opportunities and we know technology companies appreciate the vital importance of embracing the Chinese market like never before,” said Mr. Zhishuo (Peter) Liu, Founder and President of CCAA. “We want to thank OCE for its firm support of CCAA and CAMP that is facilitating this initiative.”

The partnership signing ceremony, which included a plaque unveiling, took place today at OCE’s 10th annual Discovery conference and kick-started the pilot phase of the CAMP program. This venture will begin with a selection of 10 Ontario start-up companies obtaining investment and mentorship opportunities from prominent Chinese angels. These entrepreneurs will then spend the next year building a relationship in both Ontario and China with the investors and learning how to adapt their business plans towards successfully entering the Chinese market. As part of this unique mentorship experience, the companies will travel to China to work with their investors overseas, giving them the unparalleled opportunity to immerse themselves in the Chinese culture.

About Ontario Centres of Excellence (OCE) Inc. (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. A champion of leading-edge technologies, best practices, innovation, entrepreneurship and research, OCE invests in such areas as advanced health, information and communications technology, digital media, advanced materials and manufacturing, agri-food, aerospace, transportation, energy, and the environment including water and mining. OCE is a key partner in delivering Ontario’s Innovation Agenda as a member of the province’s Ontario Network of Entrepreneurs (ONE), which helps Ontario-based entrepreneurs and industry rapidly grow their company and create jobs. Learn more at www.onebusiness.ca

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 devotes to building cross-border eco-system for early-stage innovative companies between China and Canada in ways of 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) and China (Beijing) to accelerate the communication and decision making, and will syndicate with Silicon Valley partners when needed. Learn more at www.cc-angels.com.

Media contacts:

Stuart Green
Manager, Media Relations
Ontario Centres of Excellence
416-861-1092 x 1022
stuart.green@oce-ontario.org

Alan Yang
Vice President, Partnership and Screening Committee
Canada China Angels Alliance
647.280.0652
alan.yang@cc-angels.com