MaRS to help Innovate UK startups with North America growth

 MaRS to help Innovate UK startups with North America growth

Image courtesy: MaRS

MaRS has recently announced its partnership with the global incubator program of Innovate UK. The focus of the partnership will be to support the global expansion efforts of UK’s advanced manufacturing companies, especially to North America. As part of this, MaRS will facilitate international partnerships, networking and customer connections for the chosen UK ventures.

MaRS is one of the largest urban innovation hubs in North America, supporting high-growth startups and scale-ups across diverse sectors. Established in Toronto in 2000 as a non-profit, it works to bring together stakeholders to foster collaboration and technology innovation.

“The partnership will accelerate the North American growth of our UK cohort and strengthen the manufacturing ecosystem here in Canada. We want to build closer connections between the UK and Canadian innovation economy overall.”

Jon Dogterom, senior vice president of Venture Services at MaRS

Innovate UK is the UK’s national innovation agency, operating under the government-funded organization UK Research and Innovation (UKRI) since 2007. The agency’s functions seem to have a lot of obvious synergies with MaRS’ mission. It too acts as an important connector, facilitating collaboration between businesses and potential partners, customers, and investors, for commercial success. By bridging the gap between innovation and market viability, it contributes to growth of business and economic in the UK.

“MaRS gives these promising innovative UK manufacturing ventures a launch pad to the North American market and the potential for exponential growth.”

David Golding, the Head of Global Innovation Partnerships at Innovate UK

The two partners are developing a blueprint for future programs and fostering collaborations among accelerators, incubators, and private ventures globally.

Also read: EY Canada reveals new 2023 Entrepreneurs Access Network cohort

The 4-month initiative is called the Manufacturing Incubation Program

The Manufacturing Incubation Program, a four-month initiative, offers workshops, advisory support, and networking opportunities to program participants. It aims to help the selected startups refine their value proposition and identify relevant market opportunities. By embedding the UK companies into MaRS ecosystem, the program hopes to provide them with a comprehensive understanding of North America’s manufacturing community.

The participants will also get to collaborate with members of the MaRS Advanced Manufacturing Program. These include NGen, the organization at the forefront of Canada’s Advanced Manufacturing Supercluster, and Autodesk Technology Centers, a renowned provider of 3D design and engineering software. Additionally, the selected companies will engage with other corporate and community collaborators too.

The program is further strengthened by the support of innovation and growth experts from Innovate UK EDGE, to help the participants derive maximum advantage from the program.

The initial group of selected advanced manufacturing companies from the UK spans various fields. These include high-precision robotics, automated assembly vision systems, and high-performance additive and composite fabrication.

In recent months, there have been a few more collaborations between the UK and Canadian governments and related entities for driving innovation. In June this year, Innovate UK also partnered with Protein Industries Canada to drive improvements in plant-based foods and ingredients. Earlier in the same month, the governments of Canada and the United Kingdom formed a strategic alliance focusing on bio-manufacturing and quantum science. That partnership seeks to boost scientific understanding and technological capabilities in both countries.

Also read: Insurtech startup QuickFacts raises CA$1.13M in new funding

Innovate UK & MaRS select eight diverse companies in initial group

The initial cohort of advanced manufacturing ventures from the UK includes the following eight companies:

  • Conundrum Industrial Limited: Provides Industrial AI software to accelerate digital transformation for metal, mining, and steel industries. It especially focuses on streamlining operations, improving efficiency, and enhancing overall productivity for its clients.
  • Fergusson’s Advanced Composite Technology Limited: Specializes in advanced composite technology, focusing on the development and application of innovative materials for various industries. In particular, its expertise lies in creating high-performance composite materials and utilizing them for aerospace, automotive, and renewable energy sectors.
  • Loop Infinity Ltd: Specializes in innovative manufacturing solutions by leveraging innovative technologies. Additionally, it aims to drive efficiency and productivity in the industry through bespoke automation solutions.
  • Loop Technology Ltd: Provides innovative solutions for assembly line automation, robotic material handling, and precision machining. It focuses on integrating intelligent systems and advanced robotics to optimize manufacturing processes, and also to enhance productivity.
  • Muddy Machines LtdDevelops and delivers specialized machinery and equipment. It targets reliable and effective manufacturing solutions, designed to manage complex tasks in challenging environments.
  • Rivelin Robotics: Specializes in the development and implementation of innovative robotic systems. Its expertise lies in creating intelligent robotic systems that enhance productivity, precision, and efficiency in tasks such as assembly, material handling, and quality control.
  • True Position Robotics Ltd: Specializes in the development and deployment of robotic systems for precise positioning and accuracy. It targets creating innovative robotics solutions that enable precise measurements, alignments, and inspections across industries.
  • Wayland Additive Ltd: Specializes in additive manufacturing technologies. Its proprietary technology, known as NeuBeam, leads its metal 3D printing expertise, offering innovative solutions that enable the production of complex, high-quality metal parts. 

Also read: Canadian agtech startup raises seed to better monitor trees

Editor

The Tech Factor is a new-age media platform focused on Canada. Our mission is to provide insightful and comprehensive coverage of the Canadian startup and technology ecosystem. To connect with us, report any inaccuracy in our writing, or to share news about the ecosystem, please reach out at editor [at] thetechfactor.ca or fill the 'Submit Tips' form in the top menu.

Related post