Genesis Centre hatches deal with Microsoft

     Memorial University’s business incubator, the Genesis Centre, says it has been selected to join the Microsoft BizSpark Program as a network partner.

     The BizSpark Program is a global program designed to accelerate the success of early stage start-up companies by connecting them to network partners: active members of the global software ecosystem who can provide mentorship, guidance and resources to BizSpark start-ups. BizSpark creates an ongoing, mutually beneficial relationship between Microsoft Corp., start-ups and network partners, a spokesperson for the university said in a press release.

     The Genesis Centre focuses on helping start-up Newfoundland technology companies get on their feet. Past companies helped by the Genesis Centre include Verafin and SubC Imaging.

     The centre helps to accelerate start-up companies through all stages of idea development, connecting clients with top mentors and advisors and providing assistance with marketing, funding and office space.

     “The BizSpark offering at the Genesis Centre will provide start-ups with valuable resources as they navigate exciting but challenging ventures,” said Greg Hood, chief executive officer of the Genesis Group. “The Genesis Centre is committed to working together with BizSpark to deliver access to networks that can offer guidance and support that will lead new start-ups toward success.”

     The BizSpark Program is committed to fostering innovation and entrepreneurialism by offering start-ups the support they need most at a time when it may be least affordable and accessible – during a company’s first three years, with no upfront costs and minimal requirements, he added.

     According to the Genesis Centre, BizSpark provides “fast and easy access to Microsoft’s current full-featured development tools and platform technologies, as well as production licences to bring to market innovative solutions for the next generation of user experiences.”

     To be eligible for the Microsoft BizSpark Program, a company must be actively engaged in development of a software-based product or service that is a core piece of their business model, have been in business less than three years at the time of enrolment and have less than USD$1 million in annual revenue. Start-ups may enrol for the program by obtaining an enrolment code from a designated BizSpark network partner.

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Posted on September 3, 2015 .