Advancing Innovation Roundtable Takes Shape
Investment community leaders meet to explore ways to close Canada's innovation growth funding gap
TORONTO, October 4, 2016 – TMX Group today announced the members of the Advancing Innovation Roundtable, which include prominent senior executives from the investment and capital formation communities in Canada. Announced in August 2016, the Roundtable's mission is to deliver actionable recommendations on how to increase access to scale up capital for Canadian innovation economy companies as they grow beyond the seed and start-up stages.
Joining the Advancing Innovation Roundtable are highly-regarded leaders from pension plans, banks, endowments, venture capital firms and private equity funds. Their collective input and strategic insights will help inform ongoing national conversations regarding the development of Canada's innovation economy, and contribute to building an effective strategy to enable this country's technology companies to achieve long-term success.
Members of the Advancing Innovation Roundtable will hold their inaugural meeting in Toronto today following a Market Close Ceremony at Toronto Stock Exchange.
Introducing the members of the Advancing Innovation Roundtable from across Canada:
|Geoffrey Beattie||Chief Executive Officer, Generation Capital; Chairman, Relay Ventures; Member of the Board of Directors at General Electric, Royal Bank of Canada and Maple Leaf Foods|
|Helen Beck||Senior Vice-President, Canadian Equities and Indexed Management, Equity Markets, Caisse de dépôt et placement du Québec|
|Michael Denham||President and Chief Executive Officer, Business Development Bank of Canada|
|Paul Desmarais III||Vice-President, Power Financial and Power Corporation; Member of the Board of Directors of Great-West Life and Investors Group (Québec)|
|Lou Eccleston||Chief Executive Officer, TMX Group|
|Stephen Forbes||Executive Vice-President and Chief Commercial Officer, CIBC|
|Salil Munjal||Chairman, Advancing Innovation Roundtable and General Partner, Yaletown Partners|
|Hugh O'Reilly||President and Chief Executive Officer, OPTrust|
|Gerry Pond||Chairman and Co-Founder, Mariner Partners Inc. and Co-Founder, The Pond-Deshpande Centre of Innovation and Entrepreneurship at the University of New Brunswick|
|Lisa Porlier||Lead (Technology Sector) and Deputy Country Manager, Russell Reynolds Associates|
|Kevin Uebelein||Chief Executive Officer, AIMCo|
|Tamara Vrooman||President and Chief Executive Officer, Vancity Credit Union|
"TMX is delighted to bring together leading capital providers and contribute to the efforts of this ground-breaking independent working group," said Lou Eccleston, CEO, TMX Group. "The Advancing Innovation Roundtable is a unique collaborative opportunity to explore vital new later-stage funding solutions for Canadian companies and, in doing so, strengthening the foundation of Canada's business growth ecosystem."
"The Roundtable connects leaders of the key financial pillars in Canada who are committed to finding ways to increase the availability of capital for Canadian growth stage companies," said Salil Munjal, Chair, Advancing Innovation Roundtable. "We have also struck a financing advisory sub-committee comprised of representatives from investment banks that assist companies raising scale up capital to help inform the work of the Roundtable."
Forthcoming meetings will be held in Montréal and Vancouver during the fourth quarter of 2016. In early 2017, the Roundtable will deliver its recommendations regarding measures and initiatives to be taken by Canada's capital formation community, federal and provincial governments, and other stakeholders to successfully scale high-impact and globally competitive companies in innovation economy sectors such as technology, clean technology, life sciences, and advanced manufacturing.
For more information regarding the Advancing Innovation Roundtable and to view member biographies, please visit: www.tmx.com/advancinginnovation. Join the conversation on Twitter using the #AdvancingInnovationRT hashtag.
For Market Close: Media may pick up a feed from the TOC (television operations centre) for all market close ceremonies. The feed is named TSX Transmit 1 and is produced at the TMX Broadcast Centre and sent live to the TOC. The client moves into position for the market close ceremony at approximately 3:57 p.m. and the markets will close with the sound of a siren (the traditional market open on Toronto Stock Exchange) at 4:00 p.m.
About TMX Group (TSX: X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, AgriClear and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing, Singapore and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
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