Gateway focuses on developing NL firms

nl-new-venture-gateway-logoNew Venture Gateway to help innovative companies achieve growth potential

 

Dec. 18, 2013

A business development arm of the Faculty of Business Administration at Memorial University is shifting its focus to businesses in Newfoundland and Labrador.

The Atlantic Canada Venture Gateway has been providing investment readiness and investor partnering services to early and mid-stage firms in Atlantic Canada since 2009. Now named the Newfoundland and Labrador New Venture Gateway (NLNVG), the organization will focus its efforts in Newfoundland and Labrador to help innovative, high-growth firms attract and secure investment while working to improve the entrepreneurial ecosystem in the province.

“Through the work undertaken by the Atlantic Canada Venture Gateway, we have identified areas that can be improved and enhanced for entrepreneurs in this province to succeed,” says Dr. Wilfred Zerbe, dean of the Faculty of Business Administration.

“This new focus – in effect, a re-branding – will allow us to expand our role in helping entrepreneurs and build on Memorial’s entrepreneurial capacity. Through this process, we hope to improve entrepreneurial mindsets within our education system, enhance the accessibility of venture or equity funding as businesses attempt to expand, and fill gaps so they can more easily move to the next stage of business development.”

The original goal of the Atlantic Canada Venture Gateway was to help technology firms throughout Atlantic Canada that had high-growth potential to develop their enterprises through facilitating access to venture capital and private investors. That mandate expanded to include earlier-stage firms to ensure they are better prepared to stimulate and meet investment opportunities.

Since its inception, the Atlantic Canada Venture Gateway has successfully assisted close to 100 companies throughout Atlantic Canada.

To learn more about the Newfoundland & Labrador New Venture Gateway, visit www.business.mun.ca/community-engagement/nl-new-venture-gateway.

Susan White-MacPherson