News Release

REF NO.: 113

SUBJECT: PSA: Genesis Centre first business incubator under Startup Visa Program

DATE: August 3, 2017

The Genesis Centre at Memorial University is pleased to announce it is the first designated business incubator/accelerator under the Start-up Visa Program in Newfoundland and Labrador.

Through this new offering, Genesis will accelerate growth within the provincial entrepreneurial ecosystem, as well as attract and retain world-class talent.

The Startup Visa Program aims to bring high-potential and skilled entrepreneurs and their families to Canada to pursue their business ideas. Canada’s growing knowledge economy enables them to compete on a global scale.

Through Startup Visa, immigrant entrepreneurs can apply to three streams approved to invest in or support potential startups: venture capital funds, angel investor groups, or business accelerators/incubators. These designated groups can help facilitate and advance the entrepreneur’s permanent residency status.

The Genesis Centre will officially launch the Startup Visa Program on Friday, Aug. 4, from 10-11 a.m. in the Genesis boardromm, IIC-3001, in the Bruneau Centre for Research and Innovation on the St. John’s campus.

Seamus O’Regan, member of Parliament, St. John’s South – Mount Pearl; Dr. Noreen Golfman, provost and vice-president (academic), Memorial University; Ms. Michelle Simms, CEO, Genesis Centre, and Joseph Teo, co-founder and CEO, HeyOrca!, will speak at the launch

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