Mazza Innovation – another successful acquisition from the Emergence client portfolio

We recently reported that clients of Emergence had celebrated a year of “unprecedented exits, acquisitions and investments”. You can read that (very good news) story here!

In that, we focused on the success of clients such as:

Over and above these four clients, three other Emergence clients publicly announced successful raises, including:

In addition, the balance of the Emergence portfolio reported attracting an additional $29 million in private sector follow-on funding over the last year.

mazzalogoWell – now Mazza Innovation Ltd. has also been acquired! You can read that full story here!

Delta, BC-based Mazza Innovation Limited. has been acquired by Sensient Technologies, a company listed on the New York Stock Exchange.

See also: “BC Exit Highlights PEI Bio-Ecosystem”: Entrevestor

Emergence is a virtual incubator that supports the formation and growth of innovative bioscience and food sector startups, scale-ups and growth ventures. The program helps clients become investor-ready and assists their commercialization.

Emergence director, Martin Yuill, says, “The investment and exits that these incubator clients have achieved is a testament to the quality of the mentorship, business guidance, professional advice, and domain expertise they have received through our incubator program at all stages of their life cycles.”

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Emergence director, Martin Yuill: “Emergence supports the formation and growth of innovative startups and growth stage companies”

Emergence clients enjoy access to a wide range of business, technical, scientific, regulatory and commercialization support services customized to meet their individual needs.

This includes:

  • one-on-one and team-based mentorship;
  • co-funded third-party consulting services;
  • market research and intelligence;
  • legal, IP, insurance, tax and financial expertise from a network of professional service provider partners; and
  • support accessing international business and scientific networks as well as public- and private-sector funding and investment.

As a virtual incubator, Emergence serves high-potential companies wherever they are located in Canada. The program currently serves clients from “Vancouver, British Columbia to St. John’s, Newfoundland”.

The incubator also provides a ‘soft landing’ for international bioscience ventures seeking to start-up or establish themselves in, or expand into, Canada.

Emergence receives funding through the Canada Accelerator and Incubator Program (CAIP). CAIP supports activities designed to expand the overall service offerings to early-stage firms and entrepreneurs, and promote a “higher output of SMEs that are investment-ready and able to develop into sustainable, high-growth businesses”.

“The significant follow-on funding and investment that our portfolio companies are attracting is evidence of the impact that Emergence is having cross Canada,” Yuill concludes.

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