Canada and European Union Leaders Visit Genesis during Canada-EU Leaders’ Summit
St. John’s, NL, November 28, 2023: Genesis and six of its portfolio companies were featured as part of the 19th Canada-European Union (EU) Leaders’ Summit, which took place last week in the historic City of St. John’s. The summit was an opportunity for Prime Minister Trudeau to host the President of the European Council, Charles Michel, and the President of the European Commission, Ursula von der Leyen. Over the course of the visit, the delegation met with six Newfoundland and Labrador-based companies whose missions align with that of the summit: creating jobs and opportunities; fighting climate change and halting biodiversity loss; increasing collaboration on technology, research, and innovation; and building sustainable and resilient economies.
The leaders participated in an immersive tour of Genesis where they learned about the organization’s mission, its history and the success of its companies. The six companies the leaders met with were:
Mysa’s mission is to fight climate change. Mysa works to provide a simple solution to homeowners and businesses looking to reduce their energy consumption and save on their electric bills. They strive to produce smart, innovative, and environmentally-friendly technology that enriches the lives of people and the planet.
Nucliq Biologics is developing microbiome based personalized therapeutics and diagnostics. They are leveraging the knowledge of molecular and functional interactions between the microbiome and the human body and unifying with the power of artificial intelligence.
Milk Moovement is a powerful tool that connects all players in the raw milk supply chain. With features for transportation monitoring, production tracking, quality monitoring and producer payment, Milk Moovement is the only tool your team needs to manage raw milk.
Data Farms is a precision agriculture Internet of Things (IoT) company using sensors to monitor crops. They help farms use resources more efficiently, save fuel and fertilizer costs and improve crop yield.
Spellbook is a legal software company which launched the first generative AI contract drafting tool in September 2022. The technology is optimized using legal datasets for superior contracting performance. More than 600 customers across the legal industry use Spellbook to support their lawyers with the resources to make more accurate and efficient legal decisions when drafting contracts and supporting documents.
Verafin, a Nasdaq company, is the industry leader in enterprise Anti-Financial Crime Management solutions, providing a cloud-based, secure software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management and Information Sharing. More than 3500 banks and credit unions use Verafin to effectively fight financial crime and comply with regulations.
The summit gave the opportunity for the delegates to see examples of the globally competitive companies produced and supported in Canada, many of whom are already successfully serving European markets. In 2022, trade in Canada-EU combined goods and services reached a value of $147.0 billion, which include exports from Canadian technology companies.
Michelle Simms, President & CEO of Genesis, saw this visit as an opportunity to showcase Genesis portfolio companies on a global stage. “Technology companies in Newfoundland and Labrador are global leaders in food sustainability, combatting climate change, enhancing financial intelligence capabilities and increasing collaboration between industries. We were thrilled to have an opportunity to highlight some of those ventures to this audience and show the calibre of talent in the Newfoundland & Labrador technology community!”
About Genesis
Genesis, established in 1997, exists to help build amazing technology companies. Genesis strengthens founders through resources, programming, connections and accountability. Genesis clients and graduates have raised more than $700 million in private investment, generate more than $650 million in revenues annually and have created more than 2,500 jobs. Genesis alumni are among some of the top companies in Canada, including Verafin, Mysa, and Milk Moovement. To learn more about Genesis and its innovative programming, visit https://www.genesiscentre.ca/.
For more information, please contact:
Annagray Campbell – Manager, Community Engagement
acampbell@genesiscentre.ca