1. A growth partner that rolls up their sleeves.
Life Science
Research Note by Kit Moore, CPA, CA
May 17, 2021
BluePrint CPAs helps life science and cleantech entrepreneurs develop strategies and bring them to life.
Our research notes provide brief, concise data on growth, financial and talent strategies.
Hunting for the Big Bucks – Venture Capital is Armed and Ready
Bioinformatics firm, My Intelligent Machines raises $5,000,000 seed capital with StandUp Ventures, a female
founder focused investor leading the round and championing CEO Sarah Jenna. My Intelligent Machines
(MIMs), based in Montreal, is a leader in artificial intelligence applied to life sciences.
Outcast Foods, a Halifax-based surplus food upcycler has raised a $10M Series A round. Check these guys out
because it’s an amazingly social spin on agriculture, science and technology. Love it!
But What is Big Capital Without Big Talent
ACTO is an Omnichannel education platform for life sciences companies. Really amazing that our life science
innovation ecosystem includes firms on a (funded) mission to help train talent for the sector. Oh, and if that isn’t
cool on its own, they raises an $11.5M Series A led by Resolve Growth Partners and co-invested by Salesforce
Ventures and Panache Ventures.
Ontario’s 44 universities and colleges produce approximately 40,000 STEM graduates each year. 51% of
Canada’s total R&D personnel in life sciences are in Ontario.
Scaling Your Venture Requires Strong Strategy
Leading life science firms are using up to 20 different apps to build their website. Moreover, they’re leveraging AI
and data to add value. In other words, product management is critical at the outset, after which life science
entrepreneurs need exceptional financial, marketing and IT strategy.
Teck stacks are also being built around CRM integration and automations in order to scale routine tasks such as
addressing qualifying inbound leads.