REF NO.: 93
|SUBJECT:||Afinin Labs Inc. graduates from Memorial Universitys Genesis Centre|
|DATE:||March 11, 2013|
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For more information, contact Keelin OLeary, vice-president entrepreneurial support, Genesis Group, at 709-864-2365 or firstname.lastname@example.org; or Garnett Wilson, president and CEO, Afinin Labs Inc., at 709-237-6741 or email@example.com.
Afinin was founded in 2009 to commercialize the stock prediction software and has been a client at the Genesis Centre since January 2009. Afinins advisory board included Mark Kennedy, Grey First Inc./CELTX; Ron Ellsworth, Ellsworth Group; Libby Carew, publicist; and Patrick ONeill, financial consultant.
The Genesis Centre is a division of Genesis Group Inc., the technology commercialization arm of Memorial University. It is supported by the Atlantic Canada Opportunities Agency, the provincial Department of Innovation, Business and Rural Development and Memorial University.
The Genesis Centre operates as a support network for technology-based ventures that have high-growth potential, and are seeking business guidance and capital. It helps selected enterprises gain access to the marketing, finance and management expertise of world-class mentors and advisory board members. It also connects entrepreneurs to the scientific, technical and business expertise resident at Memorial University. By helping these entrepreneurs implement effective advisory boards, develop comprehensive business plans and build capable management teams, the centre prepares promising ventures for private investment.
Afinin is the thirtieth company to graduate from the Genesis Centre since 2000, and the centre is currently working with 10 other clients. It has helped its clients raise more than $22 million in private equity, 63 per cent of that amount coming from outside the province. Graduates include Rutter Technologies, Verafin, Genoa Design, Virtual Marine Technology and ClearRisk.