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McMaster University and Celesta Capital Launch Partnership to Develop Canadian Deep Tech Startups

Celesta Capital

McMaster University, a Hamilton, Ontario, Canada-based research-intensive university, and Celesta Capital, a San Francisco, CA-based deep technology venture capital firm, announced a new collaborative partnership to spur the development of an emerging and sustainable ecosystem of Canadian deep tech entrepreneurs.

The collaboration will foster innovation at McMaster, support McMaster-affiliated startups and researchers in commercializing their intellectual property (IP), and facilitate increased interactions and opportunities between the technology and venture capital hubs of Canada, Silicon Valley, India, and beyond. The partnership was announced at their inaugural joint event – Partnering to Accelerate Deep Tech Commercialization in Canada – held at McMaster Innovation Park.

Initiatives and areas of collaboration will include:

  • Access to Emerging Companies: Close engagement with McMaster’s researchers and entrepreneurs working in relevant tech sectors, including potential investment opportunities and partnerships with Celesta’s existing portfolio of companies. 
  • Pitch Competition with Access to Capital: Celesta representatives to serve as judges at McMaster’s start-up pitch competitions, mentoring these entrepreneurs and opening doors to additional potential investment opportunities.
  • McMaster Entrepreneurship Academy (MEA): Celesta representatives to serve on the MEA Advisory Council and provide mentorship to MEA fellows working to establish and grow startup companies.
  • Ecosystem Development: Celesta will connect researchers, tech industry leaders, and venture investors through bi-annual “Industry Summits” at McMaster designed to enhance the commercial viability of research and startup projects, particularly in the Energy, Cleantech, and Life Sciences sectors.
  • IP Strategy: Celesta’s bench of technical commercialization experts will assist the McMaster Industry Liaison Office (MILO) in navigating IP procedures, maximizing startup competitive differentiation, and advising on invention optimization.

Founded in 2013, Celesta Capital is a global multi-stage deep technology venture capital firm with a portfolio of more than 100 early-stage technology investments.

VCWire

06/03/2024