The partnership aims to cultivate a new generation of deep tech companies emanating from McMaster’s academic entrepreneurs and will utilize Celesta Capital to accelerate commercialization
SAN FRANCISCO, March 5, 2024 /CNW/ — McMaster University and Celesta Capital today 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.
The partnership will advance the commercialization of deep tech – cutting-edge technologies built upon advanced science and engineering innovations – at McMaster and within the broader Canadian research and startup ecosystem. As one of Canada’s most research-intensive universities, the long-term partnership will allow McMaster to tap into Celesta’s expertise as a leading deep tech venture capital investor and business builder.
Key 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.
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