Emergence client, MicroSintesis, signs exclusive distribution agreement for pet gut health product, YGiA-14

New class of probiotics, with a unique mode of action, now available across Canada 

Emergence client, Oakville, Ontario- and Charlottetown, PEI-based MicroSintesis, recently signed an exclusive distribution agreement with Canadian veterinary distributor, Veterinary Healthcare Solutions (VHS), to distribute their first product, YGiA-14.

MicroThis agreement will give Canadian veterinarians access to the company’s breakthrough gut health technology, which contains a new class of molecules called Proteobiotics.

Proteobiotics are naturally produced by probiotics and have a new, anti-virulent mode of action to maintain health and prevent disease causing organisms from establishing.

MicroSintesis is a new animal health company that has, for the past five years, been researching this novel probiotic technology which has the potential to significantly impact the way animals are treated for gut health and intestinal distress.

The MicroSintesis technology platform builds on the discovery that probiotics produce bioactive substances that are responsible for a significant portion of a probiotic’s activity.

ygia-bottlesTermed “Proteobiotics”, these substances directly interfere with a pathogen’s genome and down-regulate genes involved in infection, promoting a healthy digestive tract as a result. Proteobiotics, therefore, supports a more selective use of antibiotics, which may reduce the incidence of antibiotic resistance development, long-term. YGiA-14 is the first product of its kind to contain both a highly effective probiotic and this new Proteobiotic technology.

YGiA helps rebalance healthy gut flora in older dogs, and dogs undergoing stress. YGiA is a convenient 14-day treatment for times of acute canine gut distress, which might result from: Weaning, Change in diet, Garbage gut, Boarding, Travel, Post-surgery, or Chemotherapy.

“The majority of our veterinary customers to date been using our YGIA-14 product with huge success,” says Hannah McIver, CEO of MicroSintesis. “Both pet owners and veterinarians alike want to treat their animals in ways that don’t negatively impact their natural body’s flora. YGIA-14 provides a stronger and faster response than regular probiotics, without the negative impact of antibiotics.” 

Veterinary Healthcare Solutions is an independent Canadian veterinary marketing and sales company dedicated to delivering innovative products to the veterinary market. With seven sales representatives across Canada, the partnership now gives MicroSintesis the opportunity to sell their products nationally while providing VHS a platform product on which to expand their offering in key clinics.

“VHS is very excited to add the YGIA-14 product to our portfolio.” said Dr. Tom Branton, President of VHS. “The science behind this product coupled with the professionalism and knowledge of the MicroSintesis team are exceptional. More than ever, Animal Health Practitioners and pet owners are seeking natural treatments for their pet ailments. YGIA14 is a great new treatment modality to address gastrointestinal health. The VHS Sales Team is looking forward to introducing YGIA14 to clinics across Canada.”

YGIA-14 will be available for sale through veterinary hospitals across Canada in June 2017.

ABOUT MICROSINTESIS 

MicroSintesis is a new life sciences company focused on creating novel anti-infectives. By harnessing the natural defense mechanisms of probiotics, MicroSintesis is on the forefront of new biotechnologies that fight antibiotic-resistant bacteria and reduce the virulence of pathogens. To learn more visit: www.microsintesis.com

Posted in Clients, News

“Strategic Innovation Fund”: 2017 federal budget to boost innovation says Emergence Partner, Grant Thornton

This is “Part Three” of a three part series entitled “Innovation and the Canadian economy” from Emergence financial Partner, Grant Thornton, designed to help our clients “decode” some of the implications of Budget 2017. Click to read Part One and Part Two!

screen-shot-2017-01-23-at-1-21-28-pmThe Canadian economy

Experience shows that investment in innovative high-growth sectors helps to drive global competitiveness and sustainable economic growth.

Canada’s 2017 federal budget aims to encourage further research and development (R&D), with the government committing to make Canada a centre for global innovation.

Already, Canadian businesses invest over $15B annually on R&D of new products and processes. The budget hopes to boost that investment by introducing measures to fund superclusters, develop the Venture Capital Catalyst Initiative and create a Strategic Innovation Fund – a fund designed to increase access to various sector- and segment-specific innovation programs by consolidating them into one all-encompassing fund.

Strategic Innovation Fund

The Strategic Innovation Fund announced in the 2017 federal budget is part of the government’s Innovation and Skills Plan which aims to create high paying Canadian jobs by investing in high-growth sectors. The changes are expected to entice and sustain new high-quality business investment into our economy.

The budget proposes to introduce the $1.26 billion five-year Strategic Innovation Fund to consolidate and simplify existing innovation programming for various areas, including the following:

1) Strategic Aerospace and Defence Initiative, designed to support R&D that will result in innovation of new or improved products or processes in the aerospace, space, defence and security sectors.

2) Technology Demonstration Program to fund large-scale R&D projects with aerospace, defence, security applications, as well as Canadian universities or colleges and research institutes.

3) Automotive Innovation Fund to support the automotive sector in conducting large-scale R&D projects that build innovative, greener and more fuel-efficient vehicles.

4) Automotive Supplier Innovation Program to provide assistance to Canadian-based suppliers developing innovative products and processes in the automotive sector.

In addition to the above initiatives, the Strategic Innovation Fund will also support dynamic and emerging sectors, such as clean technology, information and communications technology, and agri-food.

To sustain the fund’s expansion, starting in 2017, it will provide a further $200M over three years to supplement existing funding. Of this amount, $100 million is new funding and $100 million will be drawn from funding announced in the 2016 budget. Changes are being made to streamline the application process to access these funds. Further details about the program are expected to be unveiled over the coming months.

How to maximize funding and leverage the Strategic Innovation Fund

The underlying goal of the Strategic Innovation Fund is to encourage growth-minded companies to invest in research and development of new products and processes.

Companies applying for the programs covered by the Strategic Innovation Fund may also be able to leverage the Scientific Research and Experimental Development (SR&ED) tax credit. The SR&ED program is the largest source of R&D funding in Canada which rewards claimants for innovation. SR&ED is not limited to traditional lab research; claimants from various industries can reap benefits of the program. In the coming months, the federal government is expected to further consolidate and streamline access to the myriad of programs currently available to support R&D in Canada. Should the Innovation in Canada platform be created, it will undoubtedly help entrepreneurs access much-needed growth capital.

To learn more about the Strategic Innovation Fund, the Innovation in Canada platform and how Grant Thornton can help your business grow and succeed through innovation funding, please contact: Martha Oner, National Leader, R&D and Government Incentives T +1 519-744-2333. E-mail: Martha.Oner@ca.gt.com

About Grant Thornton in Canada

Grant Thornton LLP is a leading Canadian accounting and advisory firm providing audit, tax and advisory services to private and public organizations. We help dynamic organizations unlock their potential for growth by providing meaningful, actionable advice through a broad range of services. Together with the Quebec firm Raymond Chabot Grant Thornton LLP, Grant Thornton in Canada has approximately 4,000 people in offices across Canada. Grant Thornton LLP is a Canadian member of Grant Thornton International Ltd, whose member and correspondent firms operate in over 100 countries worldwide.

Posted in Clients, News, Partner

“Understanding Canada’s push for superclusters”: by Emergence Partner, Grant Thornton

This is “Part Two” of a three part series entitled “Innovation and the Canadian economy” from Emergence financial Partner, Grant Thornton, designed to help our clients “decode” some of the implications of Budget 2017. Click to read Part One and Part Three!

screen-shot-2017-01-23-at-1-21-28-pmThe Canadian economy

Innovation has become one of the most important features of the new Canadian economy, with the goal of promoting corporate growth and job creation.

The Canadian government is working to define a new vision for the economy and to build Canada as a centre of global innovation.

Emerging from Silicon Valley, superclusters, accelerators and research centres now stretch from Boston to New York City, and have begun springing up outside the United States in countries such as Canada, China and the United Kingdom. These centres act as a springboard to foster originality and experimentation, drive economic growth and spur job creation.

To nurture innovation in a region and develop a supercluster, the following resources are required: 

  • Highly skilled talent.
  • Companies of all sizes .
  • Post-secondary institutions.
  •  Specialized infrastructure to support business and quality of life.
  •  Access to growth capital.

Canada’s innovation investment

To make Canada a vibrant part of the innovation landscape, the Canadian government plans to invest $950 million over the next five years to support business-led superclusters that have the greatest potential to accelerate economic growth.

This is all part of Canada’s commitment to become a centre of global innovation, as recently confirmed in the 2017 federal budget.

Provision for this investment was made in 2016, when the government committed to draw $800 million from the 2016 budget provision for innovation networks and clusters, and $150 million from the public transit and green infrastructure funding provisioned in the 2016 Fall Economic Statement.

The focus will be on superclusters that support highly innovative industries, such as advanced manufacturing, agri-food, clean technology, digital technology, bio-sciences and clean resources, as well as infrastructure and transportation.

Innovation in these areas will drive business specialization and help attract foreign direct investment into Canada.

As an added benefit, this and other superclusters can help promote innovation in Canada as they encourage:

  • Risk diversification—superclusters provide a platform to develop disruptive technologies.
  • Connections—superclusters foster strong connections between businesses of various sizes and research institutions that support private sector-led research and development that is linked to commercial outcomes with application in the real economy.
  • Collaboration—along with encouraging knowledge sharing, superclusters provide entrepreneurial companies with access to diverse and skilled talent pools, enhanced by mentoring.

To learn more about superclusters and how Grant Thornton is moving the Canadian innovation economy forward, please contact: Martha Oner, National Leader, R&D and Government Incentives T +1 519-744-2333. E-mail: Martha.Oner@ca.gt.com

About Grant Thornton in Canada

Grant Thornton LLP is a leading Canadian accounting and advisory firm providing audit, tax and advisory services to private and public organizations. We help dynamic organizations unlock their potential for growth by providing meaningful, actionable advice through a broad range of services. Together with the Quebec firm Raymond Chabot Grant Thornton LLP, Grant Thornton in Canada has approximately 4,000 people in offices across Canada. Grant Thornton LLP is a Canadian member of Grant Thornton International Ltd, whose member and correspondent firms operate in over 100 countries worldwide.

Posted in Clients, News, Partner

“Venture Capital Catalyst Initiative”: 2017 federal budget to boost capital support for start-ups, says Emergence Partner, Grant Thornton

This is “Part One” of a three part series entitled “Innovation and the Canadian economy” from Emergence financial Partner, Grant Thornton, designed to help our clients “decode” some of the implications of Budget 2017. Click to read Part Two and Part Three!

screen-shot-2017-01-23-at-1-21-28-pmThe Canadian economy

The 2017 federal budget demonstrates the government’s commitment to innovation, stating that “Canada must do more to encourage innovation. The future success of all Canadians relies on it.” 

To foster innovation, the government announced plans to evaluate and modify various programs that fund innovation, with the goal of consolidating and simplifying the programs that support Canadian entrepreneurs.

The changes are expected to advance Canada’s position as a world-leading innovation economy, improving its ability to create jobs and increase business investment in the country.

Venture capital investment in Canada

Start-ups and small businesses require funding to grow and reach their full potential. Notably, between 2014 and 2015, Canadian venture capital (VC) investment grew by 12% to $2.3B. Ontario led the charts nationally, attracting 42% of all venture capital investment, while the information and communication technology industry continued to receive the most VC across all sectors.

Yet, despite this increase in VC investment, most funds went to support earlier-stage deals rather than those at the later stages. As a result, amounts invested in later-stage companies fell by 12%. Late-stage venture capital is typically offered to young, established businesses with sales and revenue to help the business grow. When funding to this group declines, this is a major concern, as a lack of support for growing companies can prevent them from scaling up—ultimately impacting the Canadian economy.

Venture capital investment in Canada

The federal government continues to make changes to encourage Canadian VC investment and help businesses to scale up. One such initiative included in the 2017 budget is the Venture Capital Catalyst Initiative (VCCI).

The budget proposes to make $400M available through the Business Development Bank of Canada on a cash basis over the three years. This program comes after the success of the 2013 Venture Capital Action Plan (VCAP) implemented by the government to encourage investment in early stages of growth. The program supported four successful private sector-led funds, resulting in over $900M in VC being added to the Canadian ecosystem. (See also: Venture Capital Action Plan by Business Development Bank of Canada. https://www.bdc.ca/en/articlestools/entrepreneur-toolkit/templates-business-guides/glossary/pages/venture-capital-action-plan.aspx).

Further building on this success, the VCCI will provide financial support to Canadian companies in the late-stage funding cycle. It is estimated that VCCI’s success could inject $1.5B into Canada’s innovation capital market. To access the VCCI funds, private sector parties will have to submit proposals to the government that would be evaluated on the amount of private sector capital already secured, expected benefits for Canadian firms, proposed approach for risk sharing between the government and private sector, and the investment strategy.

This type of support for the VC sector will encourage the development of a globally competitive innovation industry.

Stacking funding by leveraging SR&ED credits with VCCI investment

To remain globally competitive, growth-minded companies constantly invest in the research and development of new products and processes. Companies applying for the VCCI may also be able to leverage the Scientific Research and Experimental Development (SR&ED) tax credit.

The SR&ED program is the largest source of R&D funding in Canada, which rewards companies for innovation. Claimants from various industries, including manufacturing and information technology, can reap benefits of the program.

To learn more about VCCI and how Grant Thornton can help your organization, please contact: Martha Oner, National Leader, R&D and Government Incentives T +1 519-744-2333. E-mail: Martha.Oner@ca.gt.com

About Grant Thornton in Canada

Grant Thornton LLP is a leading Canadian accounting and advisory firm providing audit, tax and advisory services to private and public organizations. We help dynamic organizations unlock their potential for growth by providing meaningful, actionable advice through a broad range of services. Together with the Quebec firm Raymond Chabot Grant Thornton LLP, Grant Thornton in Canada has approximately 4,000 people in offices across Canada. Grant Thornton LLP is a Canadian member of Grant Thornton International Ltd, whose member and correspondent firms operate in over 100 countries worldwide.

Posted in Clients, News, Partner

Emergence client, IWT, receives Lieutenant Governor’s Award for Engineering Excellence

Emergence client, Island Water Technologies (IWT) recently received the Lieutenant Governor’s Award for Engineering Achievement for their REGEN Modular Wastewater Treatment System.

iwt-logo-full-colour-01The award was presented to the IWT team on Thursday, May 4, at the Governors House in Charlottetown, Prince Edward Island.

IWT is a leader in wastewater treatment solutions.

The award was made for the work carried out by IWT with the Canadian Military to design and develop a world-first, solar powered, mobile wastewater treatment system. This solution is designed to be suitable for disaster relief applications and remote military bases.

IWT TeamWorking in partnership with Aspin Kemp & Associates and Atlantic Advance Power Technologies, IWT successfully delivered their solution to the Canadian military base in Gagetown, NB in June of 2016.

The REGEN wastewater solution is unique in that it has the ability for self-powered operation, has the lowest energetic footprint, uses no chemicals, is easily deployable, and has the ability for remote control and automation.

According to IWT, modular, solar powered wastewater treatment can be an enabling technology that allows for cost effective on-site processing of wastewater for remote, rural and rapidly developing urban communities.

The PEI Lieutenant Governor’s Award for Engineering Achievement recognizes an outstanding engineering project involving Engineers PEI members. The award is presented annually, during National Engineering Month, to an individual, team, company, government department or consortium of Professional Engineers, who, through original achievement in the application of engineering principles, creative accomplishment in the application of engineering principles, and excellence in engineering design, demonstrates a high quality of Professional Engineering standards.

Michael DeighanDr. Patrick Kiely, CEO of Island Water Technologies told us that “This award is a great honour for IWT. It recognizes our technological abilities and supports the application of our product in several different remote applications.”

Major Luc Doré (Directorate of Land Requirements 7-4, Canadian Army), said that he feels “privileged to support Canadian businesses through the Build in Canada Innovation Program [which] offers us the opportunity to test cutting-edge innovations that could potentially be beneficial to our future operations.”

Screen Shot 2017-05-04 at 9.36.44 AM
According to Doré, technologies such as the REGEN system offer the military the opportunity to bring economical and tactical benefits by reducing energy consumption, waste, and the environmental footprint of military compounds in operations.

One of the main advantages, Doré told us, “is the potential to reduce the number of soldiers in harms way who would have been otherwise required to provide logistical support“.

About Island Water Technologies: Island Water Technologies (“IWT”) is a wastewater technology company that has developed, and is now commercializing wastewater treatment solutions – focused on low-energy, “IOT / smart” wastewater treatment. For information on Island Water Technologies complete range of waste water solutions visit: www.islandwatertech.com.

Posted in Clients, News

You’re Invited to a Seminar on “Shareholders’ Agreements” with Emergence Partner, McInnes Cooper

All shareholders – whether in a start-up, a small venture, or a large business – can benefit from a shareholders’ agreement.

new-mcinnes-cooper-logo-300-dpi-mediumFor example, a shareholders’ agreement will need to be drafted, negotiated and finalized – in many cases – before an investor will even cut a cheque!

A shareholders’ agreement is designed to address potentially contentious issues – before problems arise.

Without one, the relationship between shareholders is governed by legislation – but that doesn’t cover everything, or do so in a way that founders or investors often require. The best approach: take control and negotiate a shareholders’ agreement!

Scales-Gary_2009-800x534

Gary Scales, Regional Lead Partner, McInnes Cooper

You are invited to join Emergence Partner, McInnes Cooper’s Gary Scales and Devin Coady to discover the key practical considerations and terms of founders shareholders’ agreements, as well as the key complementary agreements to consider.

When: Wednesday, May 31, 2017
Time: 3 p.m. seminar – reception afterwards
Where: McInnes Cooper Boardroom, 141 Kent St., Suite 300, Charlottetown

To register, click here!

About McInnes Cooper
McInnes Cooper is among the top 20 largest business law firms in Canada and offers an elite team of highly qualified lawyers for this mandate. Each year, McInnes Cooper lawyers receive recognition for their leadership and contributions to the legal professional. Eighty-nine (89) McInnes Cooper lawyers are celebrated as leading lawyers in the 2017 Canadian Lexpert Legal Directory. The Firm’s lawyers are also featured prominently in Best Lawyers in Canada and other leading publications. We are proud to count McInnes Cooper among our Partners at the Emergence Incubator.

The number of participants at this event will be strictly limited! First-come. first-served! Register here!

Posted in Clients, News, Partner, Services

Welcome to new Emergence client, EnCap BioTech Inc.

We are happy to extend a warm “EmerGence welcome” to our newest client, Fredericton, New Brunswick-based EnCap BioTech Inc. Welcome to Canada’s bioscience incubation program!

Logo-No Background.jpgEnCap BioTech Inc. is a bioscience startup dedicated to replacing petroleum-based synthetic polymers (plastics) with innovative green inspired products.

EnCap BioTech is focused on developing a green, environment friendly, bio-based platform to replace plastics from several applications. Their aim is to develop a range of products with bioactive formulations to replace plastics in food packaging, nutraceutical, cosmetics, and personal care products.

Dr. Avik Khan

Dr. Avik Khan, CEO & Co-Founder, EnCap BioTech Inc.

Since their appearance more than 50 years ago, plastics have become widespread in various applications including: personal care products and cosmetics products (PCCPs) and packaging applications, replacing natural and more renewable options.

Plastics do not decompose naturally and are the root of numerous environmental problems. Instead of degrading, plastics photodegrades into smaller pieces of plastic, which scientists estimate could take hundreds of years to degrade. Encap’s innovations are designed to address this problem and provide bio-based, naturally degradable alternative to plastics.

Dr. tanzina Huq

Dr. Tanzina Huq, Co-Founder, EnCap BioTech Inc.

The US will ban the production and sales of personal care products and cosmetics containing plastic microbeads from July 2017. Recently, the Canadian government announced its intention to ban the sale of shower gels, toothpaste, and facial scrubs containing plastic microbeads effective July 1, 2018. Accordingly, there is an urgent need for a biodegradable and safe replacement for plastic microbeads.

At EnCap BioTech, products will not only be naturally biodegradable, but will also be designed to bring antimicrobial and antioxidant properties to the end-product.

For further information, please see: https://www.encapbiotech.com or contact EnCap HERE!

Posted in Clients, News