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T4G has been purchased for an undisclosed price by national accounting and consulting firm MNP, which wants access to the target company’s expertise in data analytics and machine learning.
Though headquartered in Toronto, T4G is one of the pillars of the Atlantic Canadian tech community with offices in Halifax and Saint John. It was the driving force behind the Big Data Congress, which was a major event in the startup calendar for several years.
Based in Calgary, MNP is one of Canada’s largest national accounting, tax and business consulting firms. It said Monday it is retaining virtually all of T4G’s 100 employees and plans to grow the business, including the teams in Atlantic Canada.
“We’ve been talking to this company for a while,” said T4G Co-Founder and President Geoff Flood in an interview. “We’ve had a lot of suitors over the years and it never felt quite right until about now.”
FOR IMMEDIATE RELEASE
November 6, 2019
BioNova Announces Motryx as the Winner of the Ninth Annual BioInnovation Challenge (BIC) at BioPort 2019
Halifax, NS – November 6, 2019 – Today Motryx from Nova Scotia was named the winner of BioNova’s ninth annual BioInnovation Challenge (BIC) business pitch competition at BioPort 2019. Motryx is developing high-resolution, wireless, water and temperature resistant data-loggers with data analysis capabilities.
“The BioInnovation Challenge has positioned us for fast acceleration,” Franziska Broell, of Motryx said, “We have benefitted not only from winning, but from the program and training it provided as a whole.”
Atlantic Canada’s best health and life science innovators participate in the BioInnovation Challenge (BIC) business pitch competition each year. The competition’s goal is to help ease the transition from research laboratory to market. Motryx will receive a prize package that includes $25,000 in seed funding and an advisory services package worth more than $30,000. Motryx was up against SeeChange Biochemistry and Fieldetect.
“Selecting a winner was difficult for our judges panel as all three finalists have what it takes to make their start up a success,” said Scott Moffitt, Executive Director of BioNova. “Congratulations to Motryx.”
The Judging Panel:
Jennifer Hamilton, PhD – Senior Director, New Ventures at Johnson & Johnson Innovation and Advisor to Johnson & Johnson’s Impact Investing team
Arif Aziz, PhD – Senior Manager, National Life Science SR&ED, MNP
Milos Todorovic, PhD – International Business Development Officer, Global Affairs Canada
Shana Cristoferi, Marketing Manager, BioNova
BioNova leads, accelerates, and advocates for Nova Scotia’s growing health and life sciences sector. Since 1993, BioNova has been accelerating the growth of its member companies. By hosting networking and educational events, and providing connections to potential funders and business resources, BioNova helps companies succeed. While these companies commercialize life-changing research to improve healthcare, provide healthier food, and develop sustainable solutions, BioNova advocates on behalf of the sector. BioNova champions the sector’s cluster of world-class research facilities, incubator programs, and companies who, together, bring investment and jobs to Nova Scotia. www.bionova.ca