President's Report 2007

Genesis Centre celebrated 10 years

Happy birthday! (L-R) Paul Mills, senior vice-president (acting) of ACOA; Dr. Chris Loomis, vice-president (research), MUN; Dave King, president and CEO of GENESIS Group; Keelin O'Leary, manager of Genesis Centre; Dr. Axel Meisen, president of MUN; Emad Rizkalla, chair of GENESIS Group.

Memorial University's technology transfer and business incubation arm, the Genesis Centre, opened its doors on Feb. 17, 1997. In celebration of the 10th anniversary, a birthday party was held for the centre on Feb 16, 2007. Guests gathered in Spencer Hall on the university's St. John's campus to hear comments from clients, board members, and government and university representatives. Genesis Centre manager Keelin O'Leary said, "The Genesis Centre has become a vibrant community, and that life is due to the excellent clients, talented volunteers and dedicated staff who have been a part of it. It is even clearer to us now than it was in 1997, that business success is all about the people. Our tenth anniversary year will be a wonderful opportunity to spotlight and celebrate that fact."

Genesis Centre facts:

36 companies have been accepted into the Centre since 1997: 20 have graduated, 8 are current clients (8 withdrew)

Employment of the current clients and graduates of the Genesis Centre is now over 300 people (plus an additional 300 who work for parts of Rutter Inc. other than Rutter Technologies).

The total private investment secured by Genesis Centre clients is $8.6 million to date, 60% of which has come from outside the Province.

Almost 100 business people from the local community and outside the province have volunteered with the Genesis Centre as board members or mentors.

To commemorate 10 years of business incubation excellence, over the course of 2007, the Genesis Centre:

  • hosted the 16th annual Canadian Association of Business Incubation Conference gala dinner
  • produced a poster series focused on Newfoundland Heroes
  • relocated to the third floor of the Inco Innovation Centre
  • partnered with the Department of Innovation, Trade and Rural Development by dedicating an issue of The Ambassador to the Genesis Centre
  • commissioned a dinner theatre that was presented at a special gala dinner