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Local Company SubC Imaging Wins International Business Award

Posted Friday, March 20, 2015

Local Company SubC Imaging Wins International Business Award

Memorial University's Genesis Centre is congratulating its graduate company SubC Imaging on winning the Outstanding Incubator Graduate Award from the U.S.-based National Business Incubation Association (NBIA). Out of six possible award categories, SubC Imaging is the only Canadian company to receive an award. The NBIA Incubation Awards honour the top business incubators, client companies and graduates that exemplify the best in the industry. SubC was recognized for revenue strength and product innovation.

SubC Imaging was started in 2010 by Chad Collett and Adam Rowe when they identified the need for better underwater camera equipment and video management systems. The company was accepted into the Genesis Centre, Memorial University's business incubator for technology ventures, and graduated in December 2014. SubC Imaging now operates a 5,000-square-foot facility in Clarenville, N.L., designing and manufacturing equipment for marine research, deep-sea mining and the oil and gas industry. 

"We are very excited to have a Newfoundland and Labrador company and one of our graduates recognized on the international stage," said Keelin O'Leary, vice-president, entrepreneurial support, Genesis Group. "It's a testament to Mr. Collett, Mr. Rowe and their team, that they can compete anywhere."

"SubC is honoured to have been selected for this prestigious award among a group of such deserving nominees," said Ron Collier, vice-president, business development, SubC. "We are delighted to be recognized for the innovative nature of our products and our rapid growth in international markets."

SubC Imaging will be presented with the award at the NBIA's International Conference on Business Incubation in Denver, Colo., in April. For more information about SubC Imaging, please visit www.subcimaging.com.

About the Genesis Centre

The Genesis Centre is Memorial University's business incubator for technology-based ventures with high-growth potential. It is one of the top ranked incubators

in Canada and was named Canadian Incubator of the Year in 2011. Since the Genesis Centre was founded in 2000, it has helped almost 60 startups raise more than $85 million in private equity. Genesis alumni are among the leading start-ups in Atlantic Canada and include Verafin, Rutter Technologies, Avalon Microelectronics (acquired by Altera), Solace Power, SubC Imaging, EMSAT, ClearRisk, Genoa Design and Virtual Marine Technology.

The Genesis Centre is a division of the Genesis Group Inc., a separately incorporated entity of Memorial University. For more information, please visit www.genesiscentre.ca.

About the National Business Incubation Association (NBIA)

NBIA is the world's leading organization dedicated to advancing business incubation and entrepreneurship, with 2,100 members in more than 60 countries. It provides thousands of professionals with information, education, advocacy and networking resources to bring excellence to the process of assisting early-stage companies. Approximately 25 per cent of the NBIA membership is from outside the United States. For more information, please visit www.nbia.og.