PricewaterhouseCoopers participation confirmed

December 21, 2011 at 4:19 pm | Posted in Uncategorized | Leave a comment
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OCTIE welcomes the participation of PricewaterhouseCoopers (PwC) LLP, Canada.

PricewaterhouseCoopers (PwC) LLP, Canada, is a member firm of PricewaterhouseCoopers International Limited and is one of the “big four” accounting firms.

Their 5,200 partners and staff in 23 locations across the country provide industry-focused assurance, advisory and tax services for public, private and government clients in all markets.

Their Canadian Executive Team is led by Bill McFarland CEO and Canadian Senior Partner.

As a leading Canadian organization with clients and offices across the country, the support of their business depends on in-house staff with specialized skills in the following areas:

  • Administrative Support
  • Finance and Accounting
  • Human Resources/Learning and Education
  • Information Technology
  • Legal Services
  • Marketing and Communications/Knowledge Management
  • Operations
  • Security

They help business solve problems by providing an extensive selection of services. Services are divided into four areas (Audit and Assurance, Consulting, Deals and Tax) and supported by their Internal Firm Services group.

Their Consulting and Deals practices provide advice and assistance based on their financial, analytical and business process skills to enhance the performance of companies of all sizes. They provide services relating to:

  • Creating, acquiring and financing businesses
  • Integrating strategic goals into current operations
  • Improving management and control
  • Dealing with crises
  • Restructuring and realizing value

PwC offers Audit and Assurance services focused on the specific needs of their clients. They support them so they can provide quality information to the capital markets and their other stakeholders. They offer services including:

  • Year-end audits
  • Quarterly reviews
  • Financial accounting advice
  • Regulatory compliance assurance for meeting legislation such as the Sarbanes-Oxley Act

PwC’s Tax Services professionals work with clients to find and manage their tax opportunities. Every business transaction that their clients make — domestic or international — has direct or indirect tax consequences.

With thanks to Chris Bodnar.


GrandBanks Capital participation confirmed

December 21, 2011 at 3:48 pm | Posted in Uncategorized | Leave a comment
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OCTIE welcomes the participation of GrandBanks Capital.

GrandBanks Capital partners with entrepreneurs to create and build dominant, market-leading companies through their established experience set, operating expertise and insight, and extensive top-level industry relationships.

Understanding the challenges that arise when building a world-class company, GrandBanks Capital guides entrepreneurs in the direction of market leadership by utilizing the team’s early-stage investing experience and broad network of contacts through some of the fastest growing industry sectors. These markets include Internet infrastructure, software and software services, security and storage applications, media technologies and services, financial technologies and services, and wireless technologies and services.

The GrandBanks team and its partners collectively have more than 100 years of venture capital investing and senior operating experience, a proof point to their insight and expertise that helps entrepreneurs build the next wave of premier companies in emerging markets. Comprised of recognized business builders within targeted investment sectors, the investment team possesses a sought after reputation within the venture capital community for actively building successful companies.

Recognizing new technologies with the potential for significant impact, GrandBanks Capital team members and partners have been lead investors and senior executives for some of the most successful companies in their respective sectors, including Yahoo!, E*Trade, Art Technology Group, GEAC, GeoCities, Multex Systems,, GSI Commerce, SOFTBANK, EMC Corporation, Thomson Financial, First Call, CCBN, Lycos, The Learning Company, and Phoenix Technologies LTD.

GrandBanks Capital also has an extensive network that they put to work for their portfolio companies – executives and recruiters to assist in hiring, other top-tier venture firms as co-investors, senior partners in major legal, accounting and investment banking firms, and business contacts at the highest level throughout the industry.

The team includes:
Charles R. Lax, Managing General Partner
Tim Wright, General Partner
Jeffrey P. Parker, Partner
JJ Healy, Venture Partner
Raymond H. Edelman, Administrative Partner
Alden Reid, Associate

FreshBooks participation confirmed

December 5, 2011 at 4:07 pm | Posted in Uncategorized | Leave a comment
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OCTIE welcomes the participation of FreshBooks.

FreshBooks is an online invoicing service that helps you keep your time and expense organized, send professional branded invoices, and even collect online payments by credit card, PayPal, or eCheck. That will save you time, impress your clients, and get you paid faster.

Their mission is to deliver fast and simple invoicing and time tracking services that help you manage your business. They call these Unaccounting™ services and they will:

  • Save you time
  • Be easy to use
  • Make you look professional (think Fortune 500)
  • Let you manage your books without an accountant
  • Secure, encrypt, and back up your data
  • Be available 24/7 from anywhere with any computer

The team includes:
Mike McDermont – CEO & Co-Founder
Joe Sawada – Co-Founder
Levi Cooperman – VP of Operations
Stuart MacDonald – Chief Marketing & Revenue Officer
Mitch Solway – VP of Marketing
Corey Reid – Chief Cat Herder
Michal Berman – COO

Their Advisors include:
Brian Jones
Bill Mann
Tom Wellner
Jerry King

RIC Centre participation confirmed

December 5, 2011 at 3:41 pm | Posted in Uncategorized | 1 Comment
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OCTIE welcomes the participation of The Research, Innovation, Commercialization (RIC) Centre.


The RIC Centre, Peel Region’s hub for Innovation and Entrepreneurship, was launched in 2008 as a not-for-profit organization supporting the development of innovation and entrepreneurship in Mississauga, Brampton and Caledon. RIC Centre provides commercialization support to help new entrepreneurs and seasoned business people take technical innovations to market.

The RIC Centre provides important services to start-ups and SMEs such as market research, mentoring and coaching and strategic planning. They also provide entrepreneurial training with their monthly ‘Growing Your Business’ sessions and connections to investors, through their relationship with Maple leaf Angels.

Since 2008, RIC has worked with over 150 companies, and  46% of all successful clients at RIC have either received funding or been introduced to funding sources and investors.


RIC Centre offers a comprehensive range of supporting activities for entrepreneurs including practical training and networking events. Their experienced advisors and Entrepreneurs in Residence guide their clients every step of the way.

RIC Centre works with innovators in a range of sectors, including:

  • Advanced Manufacturing
  • Aerospace
  • Life Sciences
  • Emerging Technologies

Their Vision and Their Mission

To build an innovation ecosystem to support community prosperity in Peel Region.  To facilitate connections between the entrepreneurial imagination and practical resources for commercialization.

  • Represent the cluster, and collaborate with other nearby clusters.
  • Develop the business environment in order to attract and grow large established firms, as well as more indigenous young firms.
  • Develop the human resource environment through formal academic programs and informal training and mentoring.
  • Develop the community environment to improve the health and welfare of local citizens.

The management team includes:
John Switzer – Chair
Pam Banks – Executive Director
Tim Scott – Entrepreneur-in-Residence
James Sbrolla – Entrepreneur-in-Residence

The Advisory Board includes:
John Switzer – Founder of Winesights Inc.
Sheldon Leiba – President of the Mississauga Board of Trade
Adolf Proietta – Managing Director of A.V.More
Bill Matthews
Ulrich Krull – Vice-Principal of Research at University of Toronto Mississauga
Bryan Watson – Executive Director of NACO
David Arbuckle – Manager of Public Policy and Government Relations in Region of Peel
Kevin French – Life Sciences and Health Services at RBC Royal Bank
Steve D’Agostino – Founder and President of Avega
Darren Lawless – Dean of Applied Research at Sheridan College
Fred Haussman – Managing Director of Funding Research and Development Group Inc.
John Oxley – Director Breath Technical Evangelism at Microsoft
Gary Kent – Corporate Strategy and Innovation City Manager’ Office for City of Mississauga
Cassey DiBattista – Owner of FT Consultants
Susan Amring – Manager of the Economic Development Office for City of Mississauga
Steven Desrocher – President of ASI Technologies
Nancy Johnston – Manager of Business Development and Marketing for City of Brampton

GrowthWorks participation confirmed

December 5, 2011 at 1:30 am | Posted in Uncategorized | Leave a comment
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OCTIE welcomes the participation of GrowthWorks.

GrowthWorks is a recognized leader in the Canadian venture capital industry, specializing in the management and growth of regionally based venture capital funds. GrowthWorks has combined assets under management of more than $800 million.

Invest in their experience

GrowthWorks offers you more: more accountability, more experience and more proven know-how to make the most of your investment.

A principled approach to adding value

Over the last 19 years, they’ve built GrowthWorks into one of Canada’s leading venture capital management companies. They’ve done that by managing funds that rigorously follow core principles: structure strategic investments in growth-oriented companies, value portfolio assets conservatively, build vital industry connections and minimize risk through diversification. It’s a simple formula that delivers powerful results.

Regional know-how. National Reach

At GrowthWorks, they offer regionally based retail venture capital funds (RVCs) right across Canada.

GrowthWorks specializes in the management of and growth of regionally based venture capital funds and has assets under management of approximately $480 million. The funds under management include the following RVCs: Working Opportunity Fund, GrowthWorks Canadian Fund, GrowthWorks Commercialization Fund and GrowthWorks Atlantic Venture Fund.

Partners in performance

They have specialized teams in each of their core sectors to identify and structure investments in potential winners. These skilled teams also help create success by helping the companies that GrowthWorks managed funds invest in to grow with strategic management support and advice. This way, the companies get guidance from experienced leaders. In turn, the funds’ investors know that these companies receive direction to help them thrive.

The Senior Management team includes:
David Levi – President & CEO
Thomas J. Hayes – President & CEO of GrowthWorks Atlantic Ltd.
David Balsdon – COO
Clint Matthews – CFO
Tim Lee – CIO, Venture Capital
Jim Charleton – Senior VP Investment, British Columbia
Debbie Gray – Senior VP, National Sales & Marketing
Pia Collins – Senior VP, Human Resources

Martyn Bassett Associates participation confirmed

December 5, 2011 at 1:13 am | Posted in Uncategorized | Leave a comment
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OCTIE welcomes the participation of Martyn Bassett Associates Inc.

Martyn Bassett Associates Inc. build teams that drive revenue, connecting top-achieving sales and marketing executives with the emerging software leaders.

Since 1983 they have been the executive recruiters Toronto has relied on to deliver excellence and place high performing professionals in the software/high-tech industry. If you are looking for ‘A’ players you need an executive headhunting firm that builds top achieving teams. Their candidates are part of the niche group who are able to win clients, drive revenue and own markets. They help their clients build teams with experience, energy, talent & conviction.

You know what you want, they know where to find them. Inappropriate or bad hires are one of the most costly mistakes that companies make. You may accidentally stumble upon genius, but they will track it down with certainty! Their placements have helped set companies on the fast-track and have transformed early-stage ventures into multi-million dollar success stories.

Their approach to headhunting in Toronto is backed by their years of experience, market intelligence and their in-depth understanding of the ideal candidate; someone who understands your unique market value, because they have led a similar organization to success.

They really are different. They believe that your success is the secret to their own success. Perhaps their greatest offering is the long-term commitment they provide to their clients as a strategic partner in their organization’s successful evolution. Simply put – they deliver the real deal.

Martyn Bassett is the President and Founder.

StoreMarker participation confirmed

December 5, 2011 at 1:00 am | Posted in Uncategorized | Leave a comment
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OCTIE welcomes the participation of StoreMarker.

StoreMarker strengthens the relationship between people and business.

StoreMarker enables businesses to engage their customers like never before while allowing people to maintain control over their own information and control how they communicate with their favourite businesses. The end result is a strengthened relationship between people and business.

Mike Cunningham is the founder of StoreMarker.

HomeStars participation confirmed

December 5, 2011 at 12:37 am | Posted in Uncategorized | Leave a comment
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OCTIE welcomes the participation of HomeStars. is a growing online community of homeowners and home improvement companies throughout Canada and the U.S.

HomeStars offers a free service for homeowners to find reputable renovators, repairmen and retailers by searching its database of almost 2 million companies. Homeowners write reviews based on their home improvement experiences – both good and bad. This builds a collective knowledge base that is invaluable in helping homeowners make better decisions on whom to hire. Our forum allows homeowners to dialogue with each other, ask questions, help others and tell their stories.

Reputation matters. Companies see the value in this feedback, and proactively respond to reviews written about them as well as participate in the issues and discussions homeowners are struggling with.

The team includes:
Nancy Peterson, Co-Founder
Andrew Goodman, Co-Founder

CIX 2011: Who’s Who in Ontario Innovation?

November 30, 2011 at 12:58 pm | Posted in Uncategorized | Leave a comment
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The Canadian Innovation Exchange (CIX) is at the top of everyone’s agenda this week and the OCTIE Team is working closely with organisers to urge all CIX participants to to complete the OCTIE survey (yes! please do it now, it only takes 15 minutes).

Robert Montgomery, the CEO of  Achilles Media commented “As facilitators of innovation communities internationally and domestic, this is the first research approach where I have seen a combination of established social capital measurement and social network analysis that can focus players on the value we deliver at events like the Canadian Innovation Exchange (CIX).”

CIX is the leading Pan-Canadian technology conference that draws the critical mass of entrepreneurs, investors and corporate brands that is advancing Canada’s innovation economy and showcases the newest and most promising companies in the digital media and information and communication technology (ICT) spaces.

Download Preliminary Report here

The merits of CIX tie are aligned with the goals and purpose of the OCTIE study, to support the cultivation of relationships that lead to successful startups.

In the final report, we expect to release a series of recommendations which can be acted upon at the individual, organisational and government policy level that works towards building a social community that can utilize its resources to its full potential. The final report will be sent to all the survey respondents.

The CIX conference has a large presence of business development representatives from major corporations in the national, North American and global innovation spaces. It is a great focal point for entrepreneurs, investors, experts and other players in the technology sector in Canada and the U.S. to meet face to face with companies such as Facebook, Rogers, Bell, Microsoft, and Google – who have the audience, capital, distribution channels and brand power to help cultivate junior tech companies.

I look forward to meeting some great innovators at the CIX on Thursday. Feel free to approach me at the event! You can also reach me at 6472949220 or email me at salnaib at ryerson dot ca.

Thoora participation confirmed

November 27, 2011 at 8:36 pm | Posted in Uncategorized | Leave a comment
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OCTIE welcomes the participation of Thoora.

Thoora is a unique online news delivery platform that solves the noise and fragmentation problem caused by an abundance of news-related sources online. Thoora believes the sheer amount of online news and social reaction makes it increasingly difficult for people to quickly get the news they want, when they want it.

They bring many new voices to the forefront by clustering stories from mainstream media with social media and by using their technology to recognize originality, quality, and relevance of posted content that is hidden deep within the blogosphere.

Thoora provides a unique perspective on what’s newsworthy driven by the level of social reaction – in a truly unbiased and uncurated manner.

The founders of Thoora are:
Chul Lee
Kyu Lee
Byron Ma

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