January was hugely successful for a number of ventureLAB companies, most notably in healthcare and digital health. We’ve gathered a few highlights and we’ll be tracking these stories as they grow!
Enthusiast Gaming Announces Company Will Go Public
Early January, 2018, Enthusiast Gaming announced its intent to go public, setting a tone for the rest of the month.
“The Proposed Transaction will be a reverse takeover of the Company by Enthusiast and its shareholders. Subject to the approval of the Exchange, the Proposed Transaction will constitute the Company’s Qualifying Transaction under Exchange Policy 2.4 — Capital Pool Companies (the “CPC Policy“).”
ForaHealthyMe and MedChart Named as IDC Innovators
January 22, 2018 two ventureLAB companies were named IDC Innovators out of a possible four in the Canadian Personal Health Records Startups category.
“Two ventureLAB companies, ForaHealthyMe and MedChart have been named as IDC Innovators in this year’s exclusive selection. Four companies have been selected for this honour and ventureLAB is thrilled to celebrate with ForaHealthyMe and MedChart.”
The Common Sense Divorce (Siësde)
The Common Sense Divorce shared their successes and challenges over the last year, working out of the IBM Innovation Space – Markham Convergence Centre.
“There is a dated idea that you must be located in downtown Toronto if you want to work with technology. That could not be further from the truth! Technology is everywhere these days, and all you need are the resources to build it and implement it.”
Studio 1 Labs Focuses on Trust and User Experience – Featured in BetaKit
BetaKit’s series Tech for Good featured Studio 1 Labs and their work in the IBM Innovation Space – Markham Convergence Centre on January 25, 2018.
“They say that businesses are often built from a founder’s passions, and the story of Studio 1 Labs is no different. For some founders, however, that passion is to not only build a great business, but to do good in the world.”
WinterLight Labs Demonstrates a Digital Health Project Supported by the Health Technologies Fund
January 25, 2018 WinterLight Labs, a company currently working with ventureLAB’s health innovation team presented their Health Technologies Fund project.
“This project is one of 15 that received funding in the first round of Ontario’s $20-million HTF. The fund is administered by Ontario Centres of Excellence (OCE) on behalf of the Office of the Chief Health Innovation Strategist (OCHIS), and is a part of the OCHIS mandate to strengthen Ontario’s health innovation ecosystem.”
Pond Technologies Reverse Takeover $8.7M
On January 31, Pond Technologies announced a reverse takeover and completion of $8.7M in related equity earnings. Pond Technologies will be the first ventureLAB company to go public!
“Upon issuance by the TSX Venture Exchange of its final bulletin in respect of the Transaction, the Corporation’s common shares will resume trading, on a post 6.9:1 consolidation basis, under the new ticker symbol “POND”.”
With everything happening so quickly for all of these companies, we’re on the edge of our seats to see what happens next!
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