Memorial University’s Genesis Centre is congratulating its graduate company SubC Imaging on winning the Outstanding Incubator Graduate Award from the U.S.-based National Business Incubation Association (NBIA).
Out of six possible award categories, SubC Imaging is the only Canadian company to receive an award. The NBIA Incubation Awards honour the top business incubators, client companies and graduates that exemplify the best in the industry. SubC was recognized for revenue strength and product innovation.
SubC Imaging was started in 2010 by Chad Collett and Adam Rowe when they identified the need for better underwater camera equipment and video management systems. The company was accepted into the Genesis Centre, Memorial University’s business incubator for technology ventures, and graduated in December 2014. SubC Imaging now operates a 5,000-square-foot facility in Clarenville, N.L., designing and manufacturing equipment for marine research, deep-sea mining and the oil and gas industry.
“We are very excited to have a Newfoundland and Labrador company and one of our graduates recognized on the international stage,” said Keelin O’Leary, vice-president, entrepreneurial support, Genesis Group. “It’s a testament to Mr. Collett, Mr. Rowe and their team, that they can compete anywhere.”
“SubC is honoured to have been selected for this prestigious award among a group of such deserving nominees,” said Ron Collier, vice-president, business development, SubC. “We are delighted to be recognized for the innovative nature of our products and our rapid growth in international markets.”
SubC Imaging will be presented with the award at the NBIA’s International Conference on Business Incubation in Denver, Colo., in April. For more information about SubC Imaging, please visit www.subcimaging.com.