News Releases

REF NO.: 122

SUBJECT: Memorial University graduates get national attention for their ingenuity
DATE: Dec. 2, 2004

Memorial engineering graduates are getting some well-deserved national coverage lately, including a feature in the Globe and Mail. The article talks about the university’s growing reputation for fostering technology spin-off companies, such as Isys Corp., a company developing products based on image analysis technology, Cathexis Innovations Inc., which designs asset management systems using radio-frequency ID tags, and Rutter Technologies, a company that makes voyage data recorders for the marine industry.

Byron Dawe is president of Rutter Technologies Inc. and graduated from the Faculty of Engineering’s first degree class of 1974. He says Memorial has evolved into more than just a university. “Through its co-op program in engineering and the many institutional frameworks that now dot the campus, engineers or anyone with an entrepreneurial bent can take ideas well beyond the idea stage both in terms of product and business development.”

“St. John's may be located far from Canada's technology industry heartland, but the engineering faculty at Memorial University of Newfoundland is becoming a breeding ground for technology start-ups,” the recent Globe and Mail article noted. The article also mentions the Genesis Centre, which both incubates companies and fosters research and development projects through its parent company, Genesis Group Inc.

“Memorial University plays a critical role in generating entrepreneurial ideas, promoting knowledge and technology transfer, and spawning new start-up companies. These are essential to the development of a knowledge-based economy”, said Dr. Christopher Loomis, vice-president (research), Memorial University. “We are achieving these goals by fostering important collaborations and partnerships with government and the private sector.”

- 30 -