Genesis, the Newfoundland and Labrador startup hub, held a demo day for graduates of its Evolution accelerator last week, with seven companies participating.
Evolution is a “pre-incubator” course meant to prepare young companies for longer programs, such as Genesis' own, three-year Enterprise incubator. The course promises to help entrepreneurs clarify their businesses’ value propositions, find product-market fit and connect with mentors.
To be eligible to participate, applicants have to be technology-focused, have already identified a pain point that their tech is meant to solve, have less that $1 million in annual revenue or be pre-revenue and have not yet produced a minimum viable product.
Here’s a look at this year’s startups:
Kiderra
Michael Babalola, Ayopo Onafowokan and Sydney Hiller
Kiderra is a platform to help parents find childcare services.
SavourIT
Malik Rahey
SavourIT is a mobile application that lets restaurants sell unsold food items for a discount at the end of the day.
ReviewAI
Shakeel M.
ReviewAI is developing an artificial intelligence system to review applications and proposals.
Affluence
Laughter Afolabi, Shamima Ali and Israel Aderanti
Affluence is a tool to help social media influencers with modest followings manage advertising and marketing partnerships with brands.
Angler Solutions
Chad LaFitte
Angler Solutions is an innovation consulting firm focused on the oceantech and energy sectors.
BeauSync
Akpevwe Kelvin Idogun and Cleverson Esen
BeauSync is an app to help freelance beauty professionals and clients find each other.
Quantric
Omar Shehata
Quantric has developed machine learning algorithms it says are intended to detect early warning signs that a publicly traded company could go bankrupt.