Residency
Genesis' highest-tier founder program. A small, invitation-only cohort working alongside our Founders' Council: founders who built real companies in Newfoundland & Labrador.
What Residency is
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Who Residency is for
Residency is for founders building venture-scale technology companies in Newfoundland & Labrador. Most have paying customers and are well past validation, though exceptional pre-revenue founders are also considered.
What you get in Residency
The Founders' Council
Quarterly strategic feedback from founders who built venture-scale companies in Newfoundland & Labrador.
Residency peers
Monthly peer sessions exclusive to the cohort. Time to workshop real decisions with founders facing the same scale of challenges.
Resources built for this stage
Expert consultant hours, where you need them. Venture coaching from the Genesis CEO and priority AI Garage access. Exclusive eligibility for Genesis investment.
The Founders' Council
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Adam Keating
Adam co-founded CoLab in St. John's and now leads it as CEO. The hardware engineering platform serves global manufacturers and most recently closed a $72 million USD Series C.
Brendan Brothers
Brendan co-founded Verafin and grew it into one of North America's largest financial crime management platforms. Nasdaq acquired the company in 2021 for $2.75 billion USD; Brendan went on to serve as EVP and Head of Nasdaq's anti-financial crime division before retiring.
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Brett Vokey
Brett is the founder and CEO of BreatheSuite, a digital health company headquartered in St. John's that develops connected sensors and software to improve inhaler use for people with chronic respiratory conditions.
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Holly Hill
Holly is the co-founder and CEO of SiftMed, a healthcare AI company that automates document review for medical-legal cases. SiftMed is headquartered in St. John's and serves customers across North America.
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Josh Green
Josh is the CEO and co-founder of Mysa, the St. John's based connected home company that has shipped more than one million units across North America.
Sarah Murphy
Sarah is a Partner at Pelorus VC, the early-stage venture firm investing in Atlantic Canadian founders. She was previously the Founder and CEO of Sentinel Alert. She brings both founder operating experience and an investor perspective to the Council.
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How Residency works
Founded in 1997 and affiliated with Memorial University, Genesis has been supporting tech founders in Newfoundland & Labrador ever since. The companies that came out of that work include Verafin, Mysa, HeyOrca, and Spellbook, part of why the province has a tech sector worth talking about.
Residency exists for the next generation of founders. The Council brings the judgment of people who've built venture-scale companies from here, so the founders coming up don't have to leave to do it.
Admission
Admissions into Residency are decided by the Founders' Council. Genesis identifies founders ready for Residency and reaches out. There's no cold application. From there, it's a one-page application and a 20-minute conversation with the Council, not a pitch. The Council votes. The cohort stays small on purpose.
The work
Founders are accepted for one year, with annual renewal decided by the Council. Bi-weekly peer sessions and quarterly Council meetings keep the work moving.
Terms
Residency members pay regular Genesis Membership fees, nothing more. Equity agreements with Genesis are open to Residency companies, but no equity or royalty is required.
Common Questions
What is Genesis Residency?
Genesis Residency is the invitation-only founder program inside Genesis Membership. The Founders' Council, founders who built real companies in Newfoundland & Labrador, decides who gets in and keeps working with each cohort through quarterly reviews.
How do you get into Genesis Residency?
Genesis identifies founders ready for Residency and reaches out. There's no cold application. The application is a one-page document and a 20-minute conversation with the Council, not a pitch. Most Residency founders are already in Genesis Membership when they're invited.
Who is Genesis Residency for?
Residency is for founders building venture-scale technology companies in Newfoundland & Labrador. Most have paying customers and are well past validation, though exceptional pre-revenue founders are also considered. Solo founders are welcome. Residency isn't a fit for lifestyle businesses, consultancies, or companies not going for venture scale.
Does Genesis take equity or royalties from Residency members?
Not unless Residency companies seek Genesis investment! No equity or royalty agreement is required. Residency members pay regular Genesis Membership fees, and there's nothing extra owed to Genesis for joining Residency.
Is Genesis Residency a separate program from Genesis Membership?
No. Residency is a track inside Genesis Membership, not a separate program. Residency founders stay part of the broader Membership community and continue to access everything Membership offers. What's different is the Founders' Council, the work with them, and the resources built for this stage.
Who is on the Genesis Founders' Council?
The inaugural Council includes: Adam Keating (Co-Founder & CEO, CoLab), Brendan Brothers (Co-Founder, Verafin; retired EVP at Nasdaq), Brett Vokey (Founder & CEO, BreatheSuite), Holly Hill (Co-Founder & CEO, SiftMed), Josh Green (Co-Founder & CEO, Mysa), and Sarah Murphy (Partner, Pelorus VC; former Founder & CEO, Sentinel Alert)
How is Genesis Residency different from other Genesis programs?
Evolve is a customer validation program for early-stage founders. Membership is the long-term home for founders at every stage of growth. Residency is a track within Membership for the small group of founders going for venture scale.
Where is Genesis based?
Genesis has been affiliated with Memorial University since 1997 and operates from St. John's, Newfoundland & Labrador.