Emergence helps region’s bioscience companies create innovation capacity

Posted on November 01, 2021 | Atlantic Business Magazine | 0 Comments

Emergence is Atlantic Canada’s bioscience business incubator, assisting start-ups and growth-stage companies in bringing their products and services to market. Its offerings include mentorship and advisory services as well as access to networks and resources.

“This is definitely not a boot camp approach,” says Jason Cleaversmith, Executive Director, Incubation and Infrastructure, for PEI BioAlliance. “Our mentors support companies throughout their development. Our clients are in it for the long haul, and so are we.”

Emergence clients benefit from access to business, technical, scientific and regulatory supports customized to meet their individual needs.

 

 

Emergence supports companies specializing in products derived from technologies such as fermentation and downstream processing, natural product chemistry, animal and fish health, and diagnostics. Photo courtesy: PEI BioAlliance

 

 

This includes one-on-one and team-based mentorship; third-party consulting services; market research; legal, IP, insurance, tax and financial expertise from a network of professional partners; and support accessing international networks as well as public and private funding and investment opportunities.

Clients receive long-term expert advice from advisors selected for their relevant experience, as well as services to fill specific gaps in the company’s critical path. The Team Mentorship Program matches clients with seasoned volunteer mentors who provide practical advice and business coaching.

Clients also have broad access to key networks crucial to  funding and regulation, as well as to pools of future talent, public organizations, service providers, investors, and partners.

As a virtual incubator, Emergence serves high-potential companies in Atlantic Canada and provides a “soft landing” for international bioscience ventures seeking to start or establish in Canada. Emergence is a key function of the PEI BioAlliance, the private sector-led, not-for-profit  organization dedicated to building the bioscience industry on Prince Edward Island and in the region.

Says Cleaversmith: “We are excited to continue supporting more companies and building a bioscience cluster in the region of international significance.” •

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