Innovation Factory (iF), Hamilton’s regional innovation centre celebrates a new milestone with clients raising over $200 Million in funding. Since 2010, Innovation Factory has been accelerating the success of start-ups, providing business services, training and mentorship to help increase revenues, attract investment and create jobs.
Enhanced Medical Nutrition’s (EMN) recent $1.2 Million seed funding announcement in February, 2019 helped tip the scales past the $200 Million mark. EMN, a medical nutrition company that helps patients prepare and recover faster from surgery, announced their funding led by several prominent angel investors and leading medical device distributors.
Later in that same month, MedStack, a compliance solution for healthcare apps, announced a $2.4 million oversubscribed seed round led by Telus Ventures, with participation from ScaleUP Ventures and Panache Ventures.
Innovation Factory clients such as Nix Colour Sensor, Advanced Theranostics, Weever Apps, and Mariner Endosurgery were among many of the other ventures to acquire considerable funding, assisting in the achievement of this notable milestone.
“Working hands-on with some of the most innovative entrepreneurs from advanced manufacturing, clean tech, information tech, life science, integrated transportation and social innovation sectors, we have provided them with help and connections they need to become thriving businesses. This funding milestone is truly something to celebrate, not just for iF, or our clients but for Hamilton and Ontario as an economy. These companies are creating jobs, generating revenues and attracting investment into our communities,” says David Carter, Director, Innovation Factory.
Innovation Factory has estimated to have made more than 8000 strategic connections for their clients, as well as referrals and support to identify and acquire funding to help their clients succeed and grow.
Innovation Factory is proud to support start-ups serving as Hamilton’s catalyst for tech innovation and celebrate this achievement with their clients.