For Science and Technology Industry Entrepreneurs and Start Up Companies
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Blog

26 Jul Raises

Two raises underway at MTA this month.  The rounds are closing fast because: good technology with early customer traction; and, our relationship based approach to investing.  There are no cold pitches done.  Instead founders and investors have worked collaboratively over the past months to shape the rounds.  We like to use this iterative process and it produces results....

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22 Jun Finish Lines

This month’s blog comments on a small screw up MTA had with a client and reminds of the importance of “knowing the finish line” before starting.  We invested into a med tech company without validating the stage of development we are required to reach before industry partners will engage us.  We raised $80,000.  Completed the project to great results, then reached out to partners with the results.  While all agreed the results were impressive, it...

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26 May Access to Capital

Manitoba was at one time a place where access to capital was non-existent.  This month, the National Angel Capital Organization (NACO) held their Western Summit in Winnipeg, in part to celebrate the investment activity now present in Winnipeg.  This is consistent with the MTA approach of reach performance targets and milestones first, then reach out to partners to celebrate.  In this space, nothing is given.  Everything should be earned....

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30 Mar Success has many fathers

“Failure is an orphan and success has many fathers”.  A key approach for incubators and accelerators is to be able to accept the failures.  But also, when there is success, ensure that it is shared and celebrated.  Incubators and accelerators are powerful tools but work best when collaborating with the other resources and assets a community can provide.  Our approach is working, and we thank the community partners who are helping us build world class...

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26 Feb Leadership

MTA has now assumed a leadership in Winnipeg’s community for growing start-ups and Winnipeg as a city is also embracing that Winnipeg can be its best driven by the growth and energy of start-ups https://youtu.be/LAsSGX5fMpo   A focus on performance and Key Performance Indicators has helped all stakeholders unite around a shared vision and now, in Winnipeg, we are talking about building $100M companies.  Crawl, walk, run has been our approach, and we are now at a...

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29 Jan The MTA Model

The MTA model:  We first use local money to de-risk the company.  We confirm market demand and secure an alpha user / beta customer.  We understand our desired markets are not local.  Once we have early traction in a desired market, we pursue co-investment with local angels.  Our belief is that networks are exceptionally important, and the pursuit of smart money in desired markets provides our companies the best opportunity to gain a solid foot...

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30 Nov Congratulations Callia

Innovate Manitoba hosted Pitch Day this week.   One MTA client participated: Callia Flowers (calliaflowers.com) The winner of the event? Callia Flowers (http://www.winnipegfreepress.com/business/top-pitches-awarded-for-making-life-easier-in-digital-age-403096806.html)   Conclusions: MTA continues to work with the most compelling technology companies that are creating jobs and wealth for our region.  That’s why we have doubled our KPIs of jobs growth, revenue growth and capital investment each year for the past three years.  That’s why reporters like those from the Globe and Mail, Winnipeg Free Press...

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29 Oct Especially in Winnipeg

It takes a long time to build capacity to move companies from idea to revenue and growth.  There’s lots of bumps in the road and many stakeholders need to be part of the process to build something of substance.  But what we are now experiencing at MTA shows the benefits of sticking with the plan, building a solid base, and remaining focused on KPIs.  It is hard to do, but it can be done.  Even...

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25 Aug Harvesting Crops

Our biggest challenge in Manitoba is the lack of technology start ups which have made the founders and early investors wealthy, and proved that a company of scale can be built in Winnipeg.  Our focus in the next 4 months is to change this and show quantitatively that it can be done here.  We have had great potential brewing for the last 24 months but now it is time to harvest the crops and reap...

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29 Jul Visit from Counsel Shen

MTA is now reaping the benefits of a network which took years to establish.  This month, Counsel Shen from China’s embassy visited MTA seeking to build innovation collaborations with Manitoba and China.  Outcomes such as these are the result of relationships formed and fostered over several years.  While BAI’s are often focussed on hitting their short term milestones and deliverables, a good practice is to allocate some time and attention to activities which take longer...

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