The University of New Brunswick has named the nine Atlantic Canadian companies going through the second cohort of Scale Up Atlantic Canada, which helps companies accelerate their revenue growth.

In 2018, the university’s J. Herbert Smith Centre for Technology Management & Entrepreneurship – commonly known as TME – teamed up with Boston-based Babson College to create its new accelerator. It is led by Babson professor Daniel Isenberg, who uses his trademarked program Scalerator as the basic curriculum.

The Scalerator program helps established companies increase their revenues by focusing on what Isenberg calls “the 3 Cs”: customer, capacity and cash. Scale Up Atlantic Canada, which is being offered on a virtual basis this year, aims to increase participants’ revenues by either $1 million or 25 percent. The program began in February and will end in September.

“Despite a challenging year, it is inspiring to already see such significant growth within these companies and I am excited to see what these ambitious teams accomplish over the remainder of the program and beyond," said Isenberg in a statement.

The participants in the current program are:

  • Capture Therapeutics, Grand Falls, NB, which offers physiotherapy, kinesiology and other healthcare services;
  • C-Therm Technologies, Fredericton, which has built a range of patented heat-sensor technologies that test how different materials transfer energy;
  • Dallas Mercer Consulting, Mount Pearl, NL, which specializes in disability management and occupational therapy;
  • Malley Industries, Dieppe, NB, which manufactures ambulances, emergency vehicles, and wheelchair-accessible vehicles;
  • Ocean Sonics, Truro Heights, NS, which manufactures products that help to monitor or record underwater sounds;
  • Robert Simmonds, a fashion retailer based in downtown Fredericton;
  • Rocket, Fredericton (formerly Taylor Printing Group Inc./Bounty Print), which is in the business of digital and tactile marketing;
  • Upstreet Craft Brewing, Charlottetown; a craft brewery;
  • And VeroSource, Fredericton, which helps healthcare providers adopt digital technologies.

“It’s been exciting to watch each month as the cohort comes together to share the growth they are already seeing,” said TME Chair Dhirendra Shukla. “All nine companies come energized each month and are cheering their fellow cohort members along.”

 

Disclosure: UNB is a client of Entrevestor.