The Genesis Group of St. John’s, which operates one of the most successful business incubators in the country, will soon enter a new phase of its development — but without the man who has steered the firm for the past two decades.
David King, who joined an earlier incarnation of the group in 1993, has announced that he will leave his post as chief executive officer to move to Qatar in the United Arab Emirates.
Instead of retiring, King will become the dean of business at the College of the North Atlantic’s campus in the Middle Eastern country.
Genesis Group, the Memorial University of Newfoundland’s technology commercialization arm, will soon begin its search for King’s replacement. The next chief executive officer will lead the organization through a new phase, as it considers shifting focus from incubation — mentoring fledgling startups — to developing an accelerator, which would help young firms make plans for growth as they become established.