MoneyCloud Inc. - www.moneycloud.me
Inception: April 2012
Jobs Created : 11
Business Profile: MoneyCloud is a multi-merchant loyalty program that provides independent retailers and professionals with tools to foster stronger relationships with customers through mobile technology and advanced analytics, right in their own place of business.
Their story: The idea came to me after working in the debit/credit processing industry for 3 years. Many merchants complained that there wasn’t an affordable loyalty program for small-medium sized businesses that could help them retain their customers and attract new ones. I saw the opportunity to solve a problem, and then came MoneyCloud.
PME Quote: PME was a very big help to MoneyCloud – the funds we received helped our evolving ideas come to life. We cannot thank the PME enough for the opportunity it has given us. Thank you!
Benjamin Outmezguine, Noah Bernett, Konstantinos Vassiliou & Richard Bernett
CoolWhey - www.coolwhey.com/
Mentor: Jeremy Richman
Inception: September 6th, 2014
Jobs Created: 4
Business Profile:CoolWhey is North-America’s first protein ice cream. Each tub contains 23g of protein, is 100% natural and has no added sugar. Our ice cream can be used as a post-workout recovery or simply as a healthy snack!
Their story:Konstantinos Vassiliou and Benjamin Outmezguine have been friends for many years. They’ve known each other since high school and have always shared a passion for entrepreneurship. One of their most memorable experiences together takes place at the Young Entrepreneurs program from Junior Achievement in 2011. Together they participated in the development of a product, its creation and its selling as well. This planted the entrepreneurial seed of one day starting their own company. Noah Bernett met Kosta and Ben in CEGEP, and it wasn’t long before they realized that they all shared the same goals and passion for business. The three young men shared much more than just business, they also shared a similar life style of being active and having a love for sports. This led them to spending time together working out and participating in the same sports. Together they signed up for classes in martial arts, they went skiing during the winter and played soccer during the summer. These activities led to the creation of their business, CoolWhey.
PME Quote: PME provided us with everything we needed as a starting company; a great mentorship program, an interesting source of financing, and real support from the community.
Larry Markowitz, Raphael Bouskila & David Berliner
CoPower Inc - www.copower.com/
Inception: October 16th, 2013
Jobs Created: 5
Business Profile:CoPower is an online platform that allows Canadians to pool their money and invest in pre-vetted clean energy opportunities such as solar and energy efficiency systems. Investors receive solid financial returns, and make a positive impact on the environment and in their communities.
Their story:David is a lifelong environmentalist who worked in Toronto and New York City on mobilizing communities towards clean energy and generating local power. Raphael worked in science and technology for many years, developing an appreciation for new energy technologies and for the power of the Internet. The two of them met at a Montreal-based clean energy investment fund, where they grew to understand the barriers the traditional banking system places in front of financially-viable clean energy investments.
The support of the PME: was about much more than money: it meant we had a rockstar group of entrepreneurs supporting us. From the CEO of a global clean energy company, to the founder of a successful research and marketing firm, to experienced lawyers and accountants, we have found the ProMontreal Entrepreneurs to be one of the most valuable resources behind our company.
Drs. Eli Stoffman & Thomas Jennequin
Pharmaceutique Seiche/Cuttle Pharmaceutical - www.cuttlepharma.com
Community Partners: PME, CDEC CDN/NDG, Montreal Inc., Concours Québecois en entrepreneuriat, Concours d’Entrepreneurship HEC-Poly-UdeM
Inception: February 2012
Jobs Created : 2
Business Profile : Cuttle Pharmaceutical is a Montreal-based Contract Research Organization (CRO) dedicated to producing high-quality test drugs and other fine chemicals. The goal of our drug development services is to provide our clients with top quality products tailored to their research requirements, effectively reducing costs and timelines and helping to meet drug discovery milestones.
Dylan Ribkoff - www.dylanribkoff.com
Inception: August 2010
Jobs Created: 10
Business Profile: To create clothing that satisfies our customer needs. To provide a shopping experience that makes people want to share it with others.
His story: I was dissatisfied with what was available; I was essentially making something for me.
PME Quote: The PME fund meant life. It was a breath, without that breath you can't think.
For The Love Of Dog - www.fortheloveofdogmontreal.ca
Inception: November 2013
Jobs Created : 2 full-time and many seasonal employees
Business Profile : We provide quality pet grooming, straight to your door! We also provide safe overnight boarding for your dogs, in a home environment, which allows dogs to be a part of the family rather than just another dog in a kennel.
Her story : When I was going through nursing school, I wanted nothing but a dog to call my own. Once I adopted Maya from the SPCA, I realized that leaving her home alone all day was not fair. Here I was stuck between leaving my precious Maya home all day alone, or hiring a dog walker, a stranger who now would have access to my home and personal life. Montreal definitely needed a reliable pet service and I was going to bring it to them!
PME Quote : I was so lucky to have been given a 15k cheque from PME. This helped me with marketing and, essentially, cash flow! After over a year in business, I still have money to continue to grow my business, and I am so grateful for their amazing support. Getting this money proved to me that my community was there for me, and wanted to see me succeed. Even when others didn’t believe in my service, PME did!
Michael Moszberg, Damien Galan & Tarek Riman
Gymbirds Inc. - www.gymbirds.com
Mentor: Earl Azimov
Inception: June 1st, 2014
Jobs Created : 3
Business Profile : Gymbirds is pay-as-you-go fitness app that puts the entire menu of fitness classes available in your city at your fingertips. The app make it easy to discover the classes and gyms around you, get an affordable pass, and get going in seconds. No more lengthy signups, costly commitments or boredom at the gym!
PME Quote: PME has provided us with the resources we needed to build our sales and marketing team, enabling Gymbirds to expand into new markets. They have also helped enormously by providing mentorship and making important introductions for us.
Marina Staingart, Jean-Pierre Sabe-Affaki
Medialpha - www.medialpha.ca
Inception: June 9th, 2014
Jobs Created : 2
Business Profile : Medialpha manages an online platform that connects rising demand for home health services to a network of mobile health professionals. Medialpha offers patients the maximum control over their schedule; our professionals perform medical/paramedical acts whenever and wherever patients request them. Medialpha’s mission is to make everyone win in healthcare by providing great customer experience to patients, clinics and other partners.
PME Quote: Before our pitch, we were nervous and humbled to present to such distinguished and accomplished panel members. It was such a thrill to receive their endorsement in terms of start-up funds and precious mentorship. Thanks to PME fund we are better equipped to launch our operations.
Nathaniel Schachter & Anik Decoste
N/A - www.naisgood.com
Inception: October 13, 2010
Jobs Created: 12
Business Profile: N/A is a new kind of marketing agency with a singular goal: to connect people and brands in ways that affect positive social change. We call it Good Marketing.
Their story: Working at Saatchi & Saatchi, Sid Lee, Vice Magazine, and V Magazine in cities ranging from Montreal to New York, we decided it was time to use our editorial and marketing expertise to put purpose at the core of business.
PME Quote: The PME gave us one of our key big breaks early on. With their investment, we were able to grow in a smart way, and today - only 2.5 years in - count 3 multi-billion dollar companies in the US and Canada as clients. We couldn’t have gotten to where we are today without the PME.
Marise May & Chanaka Kurera.
Arayuma / Sahana Ayurvedic Products, Inc - www.arayuma.com
Mentor: Renato Perpignani
Jobs Created : 5
The purchasing power we gained early on from receiving the PME loan was instrumental in the viability and success of our business
Stephanie Mitelman & Todd Bercovitch
Senseez Pillows - www.senseez.com
Inception: January 2012
Jobs Created : 3
Business Profile: These colorful, lightweight, fun-shaped vinyl vibrating cushions offer a gentle sensation they are squeezed or sat on, relaxing, calming or soothing the body. This can help some kids sit still and others fall asleep! Kids that have trouble sitting for meals, stories, car rides, shopping trips, school work, movies, or anything else will be comforted by the vibrations of Senseez.
PME Quote: PME has been a tremendous support for us… not only in the financial area, but also in helping us to access a number of resources we would have not known about without their help!
The Tendler Group - www.tendlergroup.com
Inception: 2001 and acquired in 2007 by IntrinsiQ, LLC of Waltham MA
Jobs Created: 12+
Business Profile: The Tendler Group is a provider of medical market research to leading pharmaceutical companies.
Her story: I always had an entrepreneurial spirit. I worked for 2 competing global agencies prior to starting my own.
PME Quote: To receive funding from such a distinguished committee was support within itself.
Armorex - www.armorex.ca
Inception: May 25, 2009
Jobs Created: 4
Business Profile: Design and manufacturing of custom-made kitchen and bathroom cabinets, office cabinetry, built-in closets.
His Story: Cabinet-maker by passion & profession, I realized my dream to create beautiful, functional, durable high quality kitchen cabinetry in all styles tailored to satisfy any sophisticated taste in respect to any budget.
PME Quote: PME has helped to triple my sales within a 3 years span by offering a low interest loan used to upgrade the existing equipment and purchase new industrial grade equipment to increase the manufacturing capacity from 2 to 6 kitchens per week.
Alexandre Rojinski & Artur Pelah
Biocycle Oils Inc. - www.biocycleoils.com
Inception: June, 2008
Jobs Created: 10
Business Profile: Biocycle Oils is a green generation company that believes in a sustainable future which is obtained by using innovative methods and environmentally friendly technologies that give a second life to waste cooking oils and fats. Driven by the desire to give much more for much less, we offer exclusive service, refined support and cater to our client’s needs whether they operate a restaurant, food chain, shopping mall, or food processors throughout Quebec. We are the specialists in the recuperation and rendering of used cooking oil, and animal fats and various related services such as grease trap sanitation.
Their Story: Growing up in families of entrepreneurs, it was clear to us from high school that we were going to start and operate one or numerous businesses. However, we wanted to do something more than simply generate a return for shareholders and officers, we wanted to make a difference, to leave this planet in a better state than when we got here. The recycling industry is going through a booming stage both on a macro and micro levels; fuelled by environmentalist, government action and good corporate citizen involvement, it seemed like the perfect industry for us.
PME Quote: It turned our stack of papers (business plan) and ideas into a fully operating business.
Rodolfo Palacio Schneider
ClickMyRestaurant - www.clickmyrestaurant.com
Inception: Founded in November 2012
Jobs Created: 4
Business Profile: ClickMyRestaurant provides every restaurant with their own website featuring the online ordering within a couple of hours. Have a website and no online ordering? We can add the online ordering to restaurants that already have a website, while keeping it consistent with the website’s look. Restaurants don’t need Internet or any special set up to receive online orders; they can start receiving online orders as an automatic phone call.
His story: After working with pizzerias in Montreal for 5 years in online marketing, Rodolfo realized there was a market opportunity for all restaurants to have this set-up.
Dyslexiability Inc./Dyslexiehabilité Inc. - www.dyslexiability.com
Inception: January 2005
Jobs Created: 7
Business Profile: Dyslexiability deals with the root cause of dyslexia and not just the symptoms. We focus on helping people who have various types of difficulties in reading, writing, comprehension, math, spatial awareness, attention deficits, and hyperactivity use their natural gifts and talents to experience success!
Her story: I am dyslexic and dyscalculic with a BA from McGill University and an MSc for Surrey University in the UK. After years of difficulties and trying everything my parents and I could find, someone gave my father the book The Gift of Dyslexia. I read it and realized that I wasn’t weird: I was just like the other dyslexics - I just hadn’t met any. After completing the program in Waterloo, Ontario, I realized the impact it had on my life. At the time, the Davis Method was not offered in French anywhere in North America, and had not yet been introduced to Quebec. I was the first certified and licensed Davis facilitator in Quebec as of 2004. By putting a positive spin on an old concept, I created the term ‘dyslexiabilities’ to reinforce all the positive aspects that can come from using the right tools. With a positive outlook, the possibility of a bright future is greater than ever.
PME Quote: After living in London, England to return to Montreal, PME made it possible for me to stay in this great city, put down roots, and help many people over the years. By founding Dyslexiability Inc. in Montreal, I have been able help many people struggling with learning differences to achieve success.
Eye-In Media - www.eyeinmedia.com
Jobs Created: 17
Business Profile: Eye-In Media is a marketing and technology company that specializes in Digital Signage and Wi-Fi Network management. We develop and manage cutting-edge multi-media solutions such as Digital Menuboards, Video Walls and Wi-Fi Hoptspots. We enable marketers to broadcast dynamic content across unlimited locations on mounted screens or on mobile devices, which engage customers, turning shoppers into buyers.
Their Story: We wanted to create something new and different based on the latest emerging technologies that would deliver value to customers.
PME Quote: Passing the business plan interview and being approved by the PME committee which was made up of prominent and seasoned business professionals from our community gave us the confidence that we were on the right track to success.
The MindSpace Clinic - www.mindspaceclinic.com/
Inception: April 2011
Jobs Created: 3
Business Profile: MindSpace is a psychology clinic offering therapy and mindfulness training to individuals of all ages. MindSpace therapists and coaches are dedicated to providing the most up-to-date, evidence-based tools for reducing stress and anxiety, lifting mood, improving performance, and promoting overall health and well-being.
His story: As someone with a long-standing meditation practice, I’ve always believed in the power of Mindfulness for managing stress, staying focused, and cultivating a rich and meaningful life. I’m also a psychologist and always looking for the best science-based tools to help my clients. Over the last 20 years, a solid base of scientific research has established mindfulness meditation as an effective practice for resolving a variety of health issues and improving quality of life. I believe the time has come to bring mindfulness to the mainstream. The doors to the MindSpace Clinic opened in 2011 our mission is to help people connect to the present moment one breath at a time.
PME Quote: PME has made an incredible impact on the development of my business. The funding opened the doors for me to think big and the team provided invaluable mentorship in the execution. Thanks PME!
TMS Products Inc. - www.tmsproducts.ca
Inception: Jan 2011
Jobs Created: 7
Business Profile: TMS Products has developed a web-based Training Management System. The “TRAINING MANAGER” system is currently being used by language schools in support of services provided to some of Canada’s largest organisations including the Canada Revenue Agency, the Canada Mortgage and Housing Corporation, Bombardier and Domtar. Training Manager facilitates and automates the record keeping operations of a school, specifically their timesheets, invoices, payroll and student files.
His story: In his capacity as Sales Director for one of Canada’s biggest language schools from 2003-2009, Ted Harrar had many opportunities to work directly with operations staff from numerous training organisations in support of their coordination responsibilities. Given the high number of errors and delays in managing their businesses, it quickly became obvious that a system was required to facilitate month-end billing and payroll as well as to manage student records and to provide customers with accurate statistics and reports. In 2010 Ted Harrar began designing that system and in 2011 TMS Products Inc was born.
PME Quote: The money we received from the PME fund was exactly what we needed to get our business off the ground. Not to be ignored is the support and feedback we receive on a regular basis from PME management which has been an important reason for our success. We look forward to continuing to work closely with the PME as we continue to grow our business.
The UPS Store 358 - www.theupsstore.ca/358
Inception: November 2007
Jobs Created: 3-4
Business Profile: The UPS Store provides packing, shipping, printing, and business services needs. Our location offers full service printing: anything from presentations and business cards, to banners and posters and training manuals.
Her story: A friend of mine wanted to open a The UPS Store and asked me to be a partner. For personal reasons this person had to move away just before we opened the store so I became the sole owner!
PME Quote: Funding from PME allowed me to open my store with more peace of mind and more chances for success!
Vadim Daniel Photography - www.vadimdaniel.com
Jobs Created: 1
Business Profile: The range of services provided by Vadim Daniel includes commercial photography with a focus on products, portraits, headshots, and food photography. The studio provides the clients with the absolute highest quality images available in the industry today by using the professional studio lighting system and a medium format camera Hasselblad.
His story: Vadim Daniel moved to Canada in 2007. Starting over in a new country was a major challenge: getting to know the culture and the people, learning the language, and establishing a new business.
PME Quote: It was an extraordinary experience thanks to PME, who loaned the funds to start the business and to purchase the first photography equipment. Since then, Vadim has expanded his business and his range of services. Every project has been a unique chance to increase Vadim’s knowledge, skills, and experience.
David Lipes, Michael Elman & Noemie Dupuy
Wave Generation - www.wavegeneration.ca
Inception: May 2001
Jobs Created: 40
Business Profile: Wave Generation is a turn key audio production company working in the interactive and traditional media industries. Based in Montreal, the company operates out of its facility that includes sound design and dialog editing suites and a state of the art recording and 5.1 mixing studio.
Their story: The video game development industry in the city of Montreal and worldwide was demonstrating explosive growth at the time. We recognized there was real demand for high end audio content (music, sound, voice recording) for the games being developed. We stepped in and became the “go to” audio content service provider for the biggest video game developers and publishers in the industry.
PME Quote: Receiving financing from PME was THE key moment for us. We were young entrepreneurs looking to take on the challenge of launching and building a business. However, like any business, we needed money to get things going. PME believed in us and our idea enough to award us with financing to get the business off the ground. PME encouraged us to build the business, provided us with access to tremendous advisors and ultimately gave us the confidence to pursue the dream.