Memorial University’s innovation hub Genesis encouraging newcomer and women-led businesses to 'think bigger'

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Six innovative companies celebrated their graduation this week from Enterprise, Genesis’ flagship incubation program, which helps St. John’s startups scale from their first customer to $1 million in annual revenues.

NotificationAPI, started by Mohammad Asadi and Sahand Seifi, processes more than one million notifications per month and has built partnerships with publicly traded companies.Seifi, who has an Iranian background and previously founded the social media scheduling platform HeyOrca, reminisced about the early stages of his entrepreneurial career, which began when he was a student at Memorial University, where Genesis is located.

“Being a student and insecure about my future career, I told Chris how I was hoping to land an internship somewhere after graduation, to which he responded, ‘Why an internship?’ and encouraged me to think bigger. Genesis was the place where I could meet mentors like that,” he said.Removing barriers “Thanks to the generous support of Genesis’ curated partnerships, we can help eliminate some of the most common problems that newcomers have," Aguirre Polo said.

It was Nasdaq that, in 2022, donated $1 million to the Nasdaq Genesis Microfund, which has been gradually deployed to allow Enterprise-backed companies to access an additional $25,000 per firm during their participation in the program.

 

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