Profound Impact and AI Partnerships Announce Strategic Partnership

FOR IMMEDIATE RELEASE

PROFOUND IMPACT AND AI PARTNERSHIPS ANNOUNCE STRATEGIC PARTNERSHIP TO ADVANCE THE CANADIAN AI ECOSYSTEM

Strategic partnership aims to bring new sources of grants and industry partnerships to AI research projects.

TORONTO, ON | April 25, 2024 — Profound Impact™ Corporation (“Profound Impact”), a technology company that has developed an AI-powered researcher-to-funding matching platform, and AI Partnerships Corporation (“AIP”), an affiliate network of Artificial Intelligence (AI) solutions providers and researchers, announce their strategic partnership aimed at efficiently and effectively matching available grant funding with AI-focused companies and researchers looking for non-dilutive project funding.

“Our robust AI-driven platform, Research Impact, uses proprietary and patented AI-powered algorithms to match industry and academic researchers to grant funding in an automatic, targeted and timely manner,” said Sherry Shannon-Vanstone, President & CEO of Profound Impact. “We are excited to partner with AIP as this provides an opportunity for AIP’s affiliate network to add their AI-based research projects to Research Impact’s database and engage with the platform.

“At AIP, we have over 80 Canadian companies in our Affiliate Network and approximately  130 worldwide Affiliates, all engaged in providing SaaS-based AI services or products,” said Dr. Tom Corr, cofounder and CEO of AI Partnerships Corporation. “Our strategic partnership with Profound Impact will allow our Affiliate Network to discover additional funding, as well as the possibility of finding a research partner for their projects.”

The partnership also provides the opportunity for the development and facilitation of interactions and collaboration with industry and academic institutions who are already working with or interested in AI. 

Through the partnership, both organizations will continue to promote the Canadian AI technology ecosystem, increasing their own presence in the robust AI marketplace and concurrently supporting the growth of Canadian AI companies. Additionally, with AIP’s worldwide reach, this partnership will provide the opportunity for an increased impact on the AI ecosystems in the US and globally.

ABOUT PROFOUND IMPACT™ CORPORATION 

Based in the Toronto-Waterloo technology corridor, Profound Impact’s AI-powered platform – Research Impact – helps academic and industry researchers find the perfect funding match. With over $300 Billion in research funding opportunities, 100,000s industry partners and 25 Million researchers globally, finding the optimal grant for academic and industry innovators is often overwhelming and unnecessarily time-consuming. More than just a search engine, Research Impact offers automatic, targeted and timely matching. Profound Impact’s customers include top North American research institutions, universities and industry partners. CEO and Founder Sherry Shannon-Vanstone is a serial technology entrepreneur with an unparalleled track record. She has had five successful start-ups and exits in Silicon Valley and Canada, including two IPOs and acquisitions. To learn more, visit www.profoundimpact.com. 

For Profound Impact media inquiries, please contact:

Alex Hebert

Durrell Communications

alexh@durrellcomm.com

media@profoundimpact.com

Connect with Profound Impact: 

Facebook: @aprofoundimpact

Instagram: @aprofoundimpact 

LinkedIn: Profound Impact Corporation

Twitter: @aprofoundimpact

YouTube: @profoundimpactcorporation

ABOUT AI PARTNERSHIPS CORPORATION 

AI Partnerships Corp. matches small to medium businesses or enterprises with an Affiliate Network of 130+ companies experienced in delivering Artificial Intelligence and Machine Learning-powered solutions to solve various business needs. Whether it is a specific task that needs to be automated to increase revenue or a robust set of processes that reduce costs. Together, AIP and its Affiliates develop  winning strategies for enterprise customers in the Finance, Manufacturing, Healthcare, Retail, Sales and Marketing, Data Science, and other sectors. Learn more at www.aipartnershipscorp.com.

For AI Partnership Corp. media inquiries, please contact:

AIP Marketing

info@aipartnershipscorp.com

Connect with AIP:

LinkedIn: AI Partnerships Corp.

YouTube:@AIPartnershipsCorp

Twitter: @AIPartnerships

PARTNERSHIP TO TRANSFORM COMPUTER SCIENCE RESEARCH FUNDING IN CANADA

FOR IMMEDIATE RELEASE

A recent partnership between CS-Can|Info-Can and tech startup Profound Impact creates the potential for Computer Science researchers to access new sources of funding.

WATERLOO, ON | JANUARY 23, 2024 — Profound Impact™ Corporation, a technology company based in the Toronto-Waterloo corridor, is excited to announce its partnership with CS-Can|Info-Can, an organization with over 60 member Computer Science departments across Canada that aims to foster excellence in Computer Science research and higher education. 

As part of this partnership, Profound Impact will provide CS-Can|Info-Can member Computer Science departments and researchers with free evaluations of Research Impact, Profound Impact’s AI-driven researcher to funding matching tool. Research Impact uses proprietary AI-powered algorithms to match industry and academic researchers with the over $300-billion available in funding opportunities worldwide.

“We are thrilled to embark on this transformative partnership with Profound Impact™ Corporation, as it signifies a significant stride forward for our CS-Can|Info-Can members. Profound Impact’s commitment to providing free evaluations of Research Impact, their cutting-edge AI-driven researcher-to-funding matching tool, aligns perfectly with our mission to foster excellence in Computer Science research and higher education across Canada. This collaboration opens doors for our member Computer Science departments and researchers, addressing the funding challenges that often hinder the expansion of vital research initiatives. We believe this partnership marks the beginning of a fruitful series of collaborations, empowering our members to achieve their funding goals and contribute to the advancement of Computer Science research in Canada.” says Gina van Dalen, Executive Director CS-Can|Info-Can.

This partnership with CS-Can|Info-Can is the first of a series of collaborations with researchers across Canada as Profound Impact works with industry leaders and researchers to initiate new research funding connections to help Canadian research institutions and their partners meet their funding goals.

“Computer Science research drives technological innovation. Yet many researchers and departments struggle to find funding to continue and expand their research,” says Profound Impact President & CEO, Dr. Sherry Shannon-Vanstone. “We are excited to offer this solution to the CS-Can|Info-Can membership. We all succeed when researchers get the funding they need to continue to innovate.”

–30–

ABOUT PROFOUND IMPACT™ CORPORATION 

Based in the Toronto-Waterloo technology corridor, Profound Impact’s AI-powered tool – Research Impact – helps academic and industry researchers find the perfect funding match. With over $300 Billion in research funding opportunities, 100,000s industry partners and 8.8 Million researchers globally, finding the optimal grant for academic and industry innovators is often overwhelming and unnecessarily time-consuming.  More than just a search engine, Research Impact offers automatic, targeted and timely matching.  Profound Impact’s customers include top North American research institutions, universities and industry partners.  CEO and Founder Sherry Shannon-Vanstone is a serial technology entrepreneur with an unparalleled track record.  She has had five successful start-ups and exits in Silicon Valley and Canada, including two IPOs and acquisitions.    

About CS-Can|Info-Can

CS-Can|Info-Can counts among its members more than 60 Canadian organizations active in computing research: academic departments of computer science and computer engineering; laboratories and centres in industry, government, and academia; and affiliated professional societies. CS-Can|Info-Can works with these organizations to represent the computing research community and to effect change that benefits both computing research and society at large.

Visit us at www.profoundimpact.com

Connect with us at 

Facebook: @aprofoundimpact

Instagram: @aprofoundimpact 

LinkedIn: Profound Impact Corporation

Twitter: @aprofoundimpact

YouTube: @profoundimpactcorporation

For media inquiries, please contact:

Scott Hamilton

Durrell Communications

scotth@durrellcomm.com

media@profoundimpact.com 

CS-CAN|INFO-CAN and Profound Impact Announce New Partnership Offering Research Impact to CS-CAN|INFO-CAN Members

This newly announced partnership provides an exciting benefit to the CS-CAN|INFO-CAN membership! Profound Impact is offering CS-CAN|INFO-CAN members a free evaluation of Research Impact, which uses advanced AI to match researchers with the best research funding opportunities in their field and helps find industry partners to support successful grant applications.

Please enable JavaScript in your browser to complete this form.
Name
How did you hear about us?
Marketing Opt-In

PLEASE READ AND USE THE CHECKBOX BELOW TO AGREE TO THESE TERMS AND CONDITIONS OF USE.

Profound Impact is pleased to provide ORGANIZATION with the right to evaluate Research Impact, a Software as a Service product, for a period of ninety (90) days. This service will be provided at no charge during the evaluation period.

As part of the evaluation ORGANIZATION agrees to assign a Research Administrative Manager to 1) participate in a bi-weekly, thirty(30) minute meeting to share feedback about their use of Research Impact and to 2) complete a product survey at the end of the evaluation period. Profound Impact shall assist ORGANIZATION to support the evaluation by up to two (2) administrative staff and ten (10) researchers.

In order to support the evaluation, Profound Impact requires permission from ORGANIZATION to obtain the following publicly available information about each researcher from ORGANIZATION’S website and from other public sources on the Internet to create a researcher profile to prepopulate these profiles within Research Impact: i) First Name, (ii) Last Name, (iii) Faculty (iv) Program (v) Role (vi) Email Address (vii) Researcher Interests (viii) Publication History and (ix) Award History. Each researcher profile will be used by Research Impact to automatically generate key words to match each researcher with grant opportunities and industry partners.

ORGANIZATION agrees to provide the above information about each researcher and administrator via email to info@profoundimpact.com within two (2) weeks of the signature date of this document. Profound Impact shall obtain any and all public information about each researcher solely to create a researcher profile.

At the conclusion of the evaluation, ORGANIZATION will have the option to 1) continue to use the service with a paid subscription or 2) if ORGANIZATION chooses not to continue the service and at the ORGANIZATION’s instruction, Profound Impact shall delete all information about researchers and administrators described above, including all researcher grant matches, and shall provide written confirmation to ORGANIZATION within seven (7) business days.

In order to facilitate the evaluation of Research Impact, Profound Impact shall provide an online training session for ORGANIZATION research administrative staff.

CLICK HERE FOR ADDITIONAL TERMS AND CONDITIONS

PLEASE READ AND USE THE CHECKBOX BELOW TO AGREE TO THESE TERMS AND CONDITIONS OF USE.

Profound Impact is pleased to provide you (the Researcher) with the right to evaluate Research Impact, a Software as a Service product, for a period of three hundred sixty-five (365) days. This service will be provided at no charge during the evaluation period. As part of the evaluation you agree to share feedback about your use of Research Impact by responding to a monthly email, and you expressly, give permission for Profound Impact to obtain the following publicly available information about you from public sources such as your curriculum vitae to create your profile within Research Impact including but not limited to the following: i) First Name, (ii) Last Name, (iii) Faculty, (iv) Program, (v) Role, (vi) Email Address, (vii) Your Research Interests, (viii) Publication History, (ix) Award History, and (x) Open Researcher and Contributor ID (ORCID). Your profile will be used by Research Impact to automatically generate key words to match you with grant opportunities and industry partners.

At the conclusion of the evaluation, you will have the option to 1) continue to use the service with a paid subscription or 2) if you choose not to continue the service and at the your instruction, Profound Impact shall delete all information about you described above, including all your grant matches, and shall provide written confirmation to you within seven (7) business days.

CLICK HERE FOR ADDITIONAL TERMS AND CONDITIONS

I have read and agree to the terms and conditions including the Additional Terms and Conditions in the PDF document linked above.

Would you like to see Research Impact in action? You can view a video here or sign up for a live demonstration!

CS-CAN|INFO-CAN and Profound Impact partnered earlier this year to produce two webinars on researcher and industry collaboration. If you missed the live event, you can watch the videos here!

Profound Impact + CS-CAN|INFO-CAN Webinar – Industry Collaboration: Benefits and Challenges, March 24, 2023

Profound Impact + CS-CAN|INFO-CAN Webinar: Industry/Researcher Collaboration Best Practices and Tools for Success, April 20, 2023

Profound Impact Achieves Staff Retention of 100% Over Two Years, Releases Social Impact Report and 12 Days of Impact Downloadable Calendar

FOR IMMEDIATE RELEASE

LOCAL TECH COMPANY PROFOUND IMPACT ACHIEVES 100 PERCENT STAFF RETENTION OVER TWO YEARS DESPITE TUMULTUOUS MARKET CONDITIONS

Profound Impact attributes a staff retention rate of 100% to employee programs driven by purpose

WATERLOO, ON | NOVEMBER 27, 2023 — Profound Impact™ Corporation, a local tech company in the Toronto-Waterloo corridor, has reported in its annual Social Impact Report that it has achieved an employee retention rate of 100 percent (zero percent attrition) while growing the team by 33 percent. This employee retention rate is in stark contrast with tech companies globally, where the average attrition rate sits at 13.2 percent. 

“It’s a rarity to see a start-up tech organization embody social impact programs so early in their company journey,” says Renata Rusiniak, who leads People & Purpose programs at Profound Impact. “Our CEO, Sherry Shannon-Vanstone, understands the business value of purpose-driven work and invests accordingly. Her early adoption of programs that support her team to engage with community organizations has created a culture of generosity and as a result, an impressive employee retention rate.” 

The Social Impact Report highlights strategies the Profound Impact team undertook to maintain and improve a positive environment for their employees. Initiatives included monthly team meetings with team-building activities, virtual social events such as cooking sessions conducted through online platforms such as Zoom, team wellness programs such as team volunteering, professional skills and growth support education programs, matching charitable contributions to community organizations, book clubs, and much more.

Profound Impact’s annual ‘12 Days of Impact’ program encouraging generosity and the impact of small acts of kindness upon others, has also helped employees create a meaningful sense of contribution to their community while increasing bonds of collegiality on the job.

“Our 12 Days of Impact campaign provides great examples of easy and inexpensive ways to be kind and generous,” says Dr. Sherry Shannon-Vanstone, the CEO and Founder of Profound Impact. “ We’re encouraging our team members and our whole community to demonstrate the power of many through small acts of kindness that create big impacts in society.” 

Profound Impact’s AI-powered tool, Research Impact, offers automatic, targeted and timely grant matching. The company is also passionate about community, environmental sustainability, and employer-supported volunteerism. In addition to giving back through the 12 Days of Impact, Profound Impact has implemented employee donation matching, time off for volunteering, and group volunteering. To learn more about Profound Impact’s purpose-driven business, take a look at our FY23 Social Impact Report.

Individuals and organizations participating in the 12 Days of Impact can download the 12 Days calendar and share their actions on social media using #12DaysOfImpact.

–30–

ABOUT PROFOUND IMPACT™ CORPORATION 

Based in the Toronto-Waterloo technology corridor, Profound Impact’s AI-powered tool – Research Impact – helps academic and industry researchers find the perfect funding match. With over $300 Billion in research funding opportunities, 100,000s industry partners and 8.8 Million researchers globally, finding the optimal grant for academic and industry innovators is often overwhelming and unnecessarily time-consuming.  More than just a search engine, Research Impact offers automatic, targeted and timely matching.  Profound Impact’s customers include top North American research institutions, universities and industry partners.  CEO and Founder Sherry Shannon-Vanstone is a serial technology entrepreneur with an unparalleled track record.  She has had five successful start-ups and exits in Silicon Valley and Canada, including two IPOs and acquisitions.    

Visit us at www.profoundimpact.com

Connect with us at 

Facebook: @aprofoundimpact

Instagram: @aprofoundimpact 

LinkedIn: Profound Impact Corporation

Twitter: @aprofoundimpact

YouTube: @profoundimpactcorporation

For media inquiries, please contact:

Scott Hamilton

Durrell Communications

scotth@durrellcomm.com

media@profoundimpact.com 

We Live to Build Podcast

Our Founder and CEO, Dr. Sherry Shannon-Vanstone, joined Sean Weisbrot, host of the We Live to Build podcast, to talk about her previous career in cryptography, her new role encouraging women in business, and the power of female investors.

Profound Impact Partners with Haltech

FOR IMMEDIATE RELEASE

PROFOUND IMPACT PARTNERS WITH HALTECH TO OFFER TARGETED GRANT MATCHING THROUGH RESEARCH IMPACT

The partnership will allow clients to match with research funding and collaborative partners

HALTON REGION, ON | SEPTEMBER 19, 2023 — Profound Impact™ Corporation and Haltech Regional Innovation Centre are working together to provide targeted and timely grant matching opportunities to Haltech’s roster of clients.

The companies announced the partnership at Haltech’s annual open house on September 19, 2023. The newly announced agreement will offer Haltech clients access to grant matching through Profound Impact’s AI-powered tool, Research Impact. Research Impact offers automatic, targeted and timely grant matching. With more than $300 billion in funding opportunities, hundreds of thousands of industry partners and 8.8 million researchers available across the globe, it can be overwhelming and time-consuming to find the right matches for academia, industry and grants. Research Impact helps innovators find their perfect match, sending best-fit grant opportunities directly to the inboxes of interested parties.

“Academics and innovators face several challenges when it comes to discovering partnerships and finding suitable funding opportunities for applied research,” says Dr. Sherry Shannon-Vanstone, President and CEO of Profound Impact. “Our innovative matching tool, Research Impact, provides a faster, more accurate way to find these resources, saving time and money. We are excited to offer this tool to Haltech’s clients and look forward to helping advance new research projects.”

Haltech is a non-profit organization empowering innovative companies to realize their full potential through education, advisory services and strategic connections. Companies joining the Haltech roster have the opportunity to accelerate their business growth through educational workshops, business advisory services and strategic connections.

“We’re so pleased to be able to connect our clients to grant and research opportunities through this partnership with Profound Impact,” says Shann McGrail, Chief Executive Officer with Haltech. “We know the matches through Research Impact will help companies find new funding opportunities for their internal research and product development. 

Haltech clients interested in utilizing Research Impact can sign up using this form.

Anyone interested in learning more about Research Impact can contact the Profound Impact team and book a custom demo here. 

–30–

ABOUT PROFOUND IMPACT CORPORATION 

Based in the Toronto-Waterloo technology corridor, Profound Impact’s AI-powered tool – Research Impact – helps academic and industry researchers find the perfect funding match. With over $300 Billion in research funding opportunities, 100,000s industry partners and 8.8 million researchers globally, finding the optimal grant for academic and industry innovators is often overwhelming and unnecessarily time-consuming.  More than just a search engine, Research Impact offers automatic, targeted and timely matching.  Profound Impact’s customers include top North American research institutions, universities and industry partners.  CEO and Founder Sherry Shannon-Vanstone is a serial technology entrepreneur with an unparalleled track record.  She has had five successful start-ups and exits in Silicon Valley and Canada, including two IPOs and acquisitions.

ABOUT HALTECH

Haltech is a non-profit corporation supported by Ontario’s Ministry of Research, Innovation & Science, Ministry of Economic Development & Growth, and their valued Corporate Sponsors.

Haltech empowers all innovative companies to realize their full potential through education, advisory services, and strategic connections. Haltech launched in 2011 and is the go-to strategic connector and educator for startups in Halton and beyond. To date, Haltech has helped boost more than 1,000 startups and scale ups. 

Website: www.profoundimpact.com 

Facebook: @aprofoundimpact

Instagram: @aprofoundimpact 

LinkedIn: Profound Impact Corporation

Twitter: @aprofoundimpact

YouTube: @profoundimpactcorporation

For media inquiries, please contact:

Katherine Hill

306-515-3611

katherineh@durrellcomm.com

media@profoundimpact.com 

Impactful Actions Awards Winners for 2023 Announced on Profound Impact Day

FOR IMMEDIATE RELEASE

SUSTAINABILITY ADVOCATE, LOCAL RADIO HOST NAMED WINNERS OF 2023 IMPACTFUL ACTIONS AWARDS

Hui Huang Hoe was named the Young Leader award winner, while Mike Farwell took home the Lifetime Achievement award

WATERLOO, ON | SEPT. 14, 2023 — Profound Impact is proud to name Hui Huang Hoe and Mike Farwell winners of the 2023 Impactful Actions Awards. 

The annual awards, presented by Profound Impact™ Corporation, recognize individuals who are inspiring collaborative solutions to difficult global problems. The winners were announced at the 2023 Profound Impact Day event. Celebrated annually on September 14, Profound Impact Day is a time to commemorate the world’s diverse leaders and changemakers who are leaving their mark on the global community through their initiatives, influence, and impact.

This year the award expanded to include two categories: Young Leader and Lifetime Achievement. Hoe was awarded the Young Leader category, and Farwell accepted the Lifetime Achievement award. 

Hoe is a serial inventor of green electrochemistry and the founder of elerGreen, a cleantech startup recovering valuable polymers, metals and chemicals from chemical waste. The company places an emphasis on giving back to the community through mentoring student entrepreneurs through Venture for Canada (VFC) Intrapreneurship projects. elerGreen also works to expose students to diversity, inclusion and corporate social responsibility through company projects and hiring visible minorities, people with disabilities, youth, newcomers to Canada, and survivors of violence and the criminal justice system.

“I’m incredibly honoured to receive this award and have my work promoting a greener and cleaner world acknowledged,” says Hoe. “We need to act now to protect our planet and ensure future generations will have somewhere safe to live. This award is a wonderful recognition for elerGreen, supporting our eco-friendly endeavour and our goal to take action to protect our climate.”

Hoe encourages youth to learn more about entrepreneurship through VFC coaching. He has also published a free book, Mathematica Particularis, written to complement the syllabus of engineering mathematics, particularly for B.A.Sc. in Chemical Engineering at the University of Toronto.

Farwell works as a radio host at CityNews 570 in Kitchener and is a play-by-play announcer for the  Kitchener Rangers OHL hockey team. He is a relentless community builder who turned the grief from losing his two sisters to cystic fibrosis into the largest annual fundraiser for Cystic Fibrosis Canada. In 2014, he began the Farwell4Hire fundraising campaign, getting out into his community and trying new things, from weeding gardens to washing windows. Farwell4Hire has raised more than $1.25 million to date for Cystic Fibrosis Canada. 

“I am so flattered and humbled to win this award,” Farwell says. “Profound Impact does so much incredible work in our community and knowing they’ve recognized me in this way makes it all the more meaningful.”

The funds raised through Farwell4Hire have allowed Cystic Fibrosis Canada to bring a transformational drug, Trifakta, to Canada. Trikafta is considered the single greatest innovation in the history of cystic fibrosis, treating 90 per cent of Canadians with cystic fibrosis by addressing the causes instead of managing the symptoms and potentially preventing irreversible damage caused by this progressive disease. It is now publicly available and insurable to all cystic fibrosis patients in Canada six years of age and older, with advocacy in place for younger patients.

“Each year, we receive so many incredible and inspiring nominations for the Impactful Actions Awards, and this year was no exception. Congratulations to our winners, Hui Huang and Mike, and thank you for all the important work you do in your communities,” says Sherry Shannon-Vanstone, Founder and CEO of Profound Impact. 

Profound Impact opens up community nominations for the Impactful Actions Awards every year. In 2021, the inaugural Impactful Actions Award was presented to Dr. Feridun Hamdullahpur, former President & Vice Chancellor (2010-2021) and Professor of Mechanical and Mechatronics Engineering at the University of Waterloo. In 2022, Kehkashan Basu, M.S.M. took home the award. She is the founder of Green Hope Foundation, a global social enterprise working with more than 300,000 people across 26 countries, focusing on water, sanitation, clean energy and food security. 

A recording of the event is available on Profound Impact’s YouTube Channel.

–30–

ABOUT PROFOUND IMPACT CORPORATION 

Based in the Toronto-Waterloo technology corridor, Profound Impact’s AI-powered tool – Research Impact – helps academic and industry researchers find the perfect funding match. With over $300 Billion in research funding opportunities, 100,000s industry partners and 8.8 Million researchers globally, finding the optimal grant for academic and industry innovators is often overwhelming and unnecessarily time-consuming.  More than just a search engine, Research Impact offers automatic, targeted and timely matching.  Profound Impact’s customers include top North American research institutions, universities and industry partners.  CEO and Founder Sherry Shannon-Vanstone is a serial technology entrepreneur with an unparalleled track record.  She has had five successful start-ups and exits in Silicon Valley and Canada, including two IPOs and acquisitions.

Website: www.profoundimpact.com 

Facebook: @aprofoundimpact

Instagram: @aprofoundimpact 

LinkedIn: Profound Impact Corporation

Twitter: @aprofoundimpact

YouTube: @profoundimpactcorporation

For media inquiries, please contact:

Katherine Hill

katherineh@durrellcomm.com

media@profoundimpact.com 

News Release – Profound Impact Corporation

FOR IMMEDIATE RELEASE

PROFOUND IMPACT™ CORPORATION OVERSUBSCRIBED, $3.1 MILLION PRE-SEED FUNDING ROUND

Company exceeded its second tranche target to fuel continued growth of its AI-powered platform that connects academic and industry researchers with grant opportunities

WATERLOO, ON | AUGUST 30, 2023 — Profound Impact™ Corporation announced today the successful close of $3.125 million pre-seed funding round, surpassing its second tranche target for its AI-powered platform that helps academic and industry researchers find and access grants. Female investors accounted for nearly all of Profound Impact’s second tranche, including many first-time angel investors.

“As the leader of a female-founded company, it is truly inspiring to see the rise of female investors in our community and across Canada,” says Dr. Sherry Shannon-Vanstone, Founder and CEO of Profound Impact. “When women invest, industries transform. It becomes a catalyst for innovation, inclusion and a future where everyone has a seat at the table.”

Profound Impact’s first tranche of financing saw female investors contribute more than $2.2 million in pre-seed funding. Their participation demonstrates significant progress for women in the investment space, challenging gender stereotypes while contributing to a more equitable distribution of wealth. These investors also offer diverse perspectives, experiences and insights that enhance Profound Impact’s long-term planning and strategic objectives for business growth.

“Investing is so much more than just providing capital,” says Dr. Deborah Rosati, Angel Investor and Chair of Profound Impact’s Board of Directors. “It is about infusing a company with innovative business ideas that align with its vision and objectives. With female investors on board, we can cultivate an environment where equality, empowerment and creativity flourish.”

Profound Impact, which operates in the Toronto-Waterloo technology corridor, offers Research Impact, an AI-powered platform that helps academic and industry researchers find the perfect funding match. This second tranche of financing will enable Profound Impact to expand into the United States.

While this funding announcement represents a significant milestone for both Profound Impact and women-led ventures across Canada, there are still major systemic challenges that hinder female entrepreneurs’ access to capital and support.

Profound Impact isn’t the only one noticing the impact of women investing in women. The51, a Canadian Financial FeministTM platform and venture capital fund, is on a mission to see gender parity in investing, entrepreneurship, on boards, as business leaders and economic decision-makers. They’ve even launched a non-profit, Movement51, to educate women and gender-diverse individuals on how to become investors as well as to teach women and gender-diverse founders how to prepare for investment.  

The51 has compiled many stark statistics on their website including:

  • Only 11 per cent of decision-makers at Canadian venture capital (VC) firms are women
  • Roughly 85 per cent of all Canadian limited partner dollars are invested in funds with no women managing partners
  • Since 2011, all-female teams have only accounted for 1.8 to 2.7 per cent of VC dollars

Despite these alarming figures, research has shown that investing in female entrepreneurs results in high returns and more diversified, risk-averse portfolios. In fact, companies with female founders perform 63 per cent better than investments with all-male founding teams according to recent studies. Female entrepreneurs also provide access to untapped markets and new consumer segments, as their products and services more commonly address real-world needs that are often overlooked by male-dominated industries. This includes educational services, social assistance, women’s healthcare and environmental issues.

With the rate of female entrepreneurs in Canada increasing by 30 per cent over the past decade, it is imperative that we work towards closing gender gaps and encouraging greater investment in female entrepreneurs. Empowering women through economic opportunities will lead to a more equitable distribution of wealth, challenge gender stereotypes and set a positive example for future generations.

–30–

ABOUT PROFOUND IMPACT CORPORATION

Based in the Toronto-Waterloo technology corridor, Profound Impact’s AI-powered platform – Research Impact – helps academic and industry researchers find the perfect funding match. With over $300 Billion in research funding opportunities, 100,000s industry partners and 8.8 million researchers globally, finding the optimal grant for academic and industry innovators is often overwhelming and unnecessarily time-consuming.  More than just a search engine, Research Impact offers automatic, targeted and timely matching.  Profound Impact’s customers include top North American research institutions, universities and industry partners.  CEO and Founder Sherry Shannon-Vanstone is a serial technology entrepreneur with an unparalleled track record.  She has had five successful start-ups and exits in Silicon Valley and Canada, including two IPOs and two acquisitions. 

Website: www.profoundimpact.com

Facebook: @aprofoundimpact

Instagram: @aprofoundimpact

LinkedIn: Profound Impact Corporation

Twitter: @aprofoundimpact

For media inquiries, please contact:

Rachael Marshall

289-925-8041

rachaelm@durrellcomm.com

media@profoundimpact.com

2023 Impactful Actions Awards Finalists Announced

FOR IMMEDIATE RELEASE

PROFOUND IMPACT ANNOUNCES 2023 IMPACTFUL ACTIONS AWARDS FINALISTS

The Impactful Actions Awards recognize leaders making a profound impact in communities globally 

WATERLOO, ON | AUGUST 16, 2023 — Profound Impact is proud to announce the finalists for this year’s Impactful Actions Awards.

Presented annually, the Impactful Actions Awards recognize leaders who are making a profound impact on communities globally by inspiring collaborative solutions to difficult problems. The award launched in 2021 and has now grown to include two categories (Young Leader and Lifetime Achievement) to attract and honour a diverse range of nominees. 

“We were inspired by this year’s impressive nominees and are excited to recognize two recipients of the Impactful Actions Awards,” says Sherry Shannon-Vanstone, Founder and CEO of Profound Impact. “It’s never an easy decision to narrow down our finalists and winners, but our judges feel confident in our choices this year.”

The finalists in the Young Leaders category are as follows (in alphabetical order):

  • Leigh Zachary Bursey, an activist, journalist, former three-term politician, singer-songwriter, recording artist and author.
  • Hui Huang Hoe, the founder of elerGreen, a cleantech startup recovering polymers, metals and chemicals and medical waste.
  • Tabatha Laverty, the VP of Marketing and External Relations at the Accelerator Centre, and a non-profit leader with a passion for equity and inclusion.

These are the Lifetime Achievement finalists (in alphabetical order):

  • Mike Farwell, host of The Mike Farwell Show on CityNews 570 and leader of the Farwell4Hire campaign, which has raised over $1.25 million in funds to support Canadians living with cystic fibrosis. 
  • Lynn Smith, a proud member of the Peavine Métis Settlement who is leading her northern community through a significant change to take control over monitoring the impact of climate change on their land and waterways.
  • Stephanie Thompson, the founder of STEM by Steph and a passionate engineer and community leader who is always pursuing new and innovative ways to promote science, technology and learning in the Niagara area.

“These finalists showcase what it means to make a profound impact in the world, and we are honoured to share their stories of impact,” Shannon-Vanstone says. “Thank you to everyone who took the time to nominate someone for the Impactful Actions Awards this year.”

The inaugural Impactful Actions Award was presented to Dr. Feridun Hamdullahpur, former President & Vice-Chancellor (2010-2021) and Professor of Mechanical and Mechatronics Engineering at the University of Waterloo, in 2021. In 2022, Profound Impact presented the Impactful Actions Award to Kehkashan Basu, M.S.M., who is the Founder and President of the Green Hope Foundation. 

The 2023 Impactful Actions Awards winners will be announced during the Profound Impact Day virtual event on September 14, 2023. 

–30–

ABOUT PROFOUND IMPACT CORPORATION 

Based in the Toronto-Waterloo technology corridor, Profound Impact’s AI-powered tool – Research Impact – helps academic and industry researchers find the perfect funding match. With over $300 Billion in research funding opportunities, 100,000s industry partners and 8.8 Million researchers globally, finding the optimal grant for academic and industry innovators is often overwhelming and unnecessarily time-consuming.  More than just a search engine, Research Impact offers automatic, targeted and timely matching.  Profound Impact’s customers include top North American research institutions, universities and industry partners.  CEO and Founder Sherry Shannon-Vanstone is a serial technology entrepreneur with an unparalleled track record.  She has had five successful start-ups and exits in Silicon Valley and Canada, including two IPOs and acquisitions.

Website: www.profoundimpact.com 

Facebook: @aprofoundimpact

Instagram: @aprofoundimpact 

LinkedIn: Profound Impact Corporation

Twitter: @aprofoundimpact

For media inquiries, please contact:

Katherine Hill

306-515-3611

katherineh@durrellcomm.com

media@profoundimpact.com 

Profound Impact Exceeds First Tranche of Financing Round Led by Female Investors

FOR IMMEDIATE RELEASE

PROFOUND IMPACT™ CORPORATION EXCEEDS FIRST TRANCHE OF FINANCING ROUND LED BY FEMALE INVESTORS

The company on target to close the second tranche of the $3 million round in August 

WATERLOO, ON | June 15, 2023 — A group of female investors, including many who are first-time investors, is leading the way for Profound Impact™ Corporation’s latest funding round. 

The first round of financing closed on May 5, 2023 and included more than $2.2 million in seed funding for the company. The participation of first-time female investors sends a clear message of confidence in Profound Impact’s vision and the team’s leadership. The company will be closing the remainder of the $3 million when the second tranche closes on Aug. 4, 2023. 

“As the leader of a female-founded company, I am thrilled and grateful to welcome these investors into our network,” says Sherry Shannon-Vanstone, Founder and CEO of Profound Impact. “Women need opportunities to invest and grow their portfolios, and I’m proud that so many made the decision to make their first-time investment in Profound Impact.”

Profound Impact is poised to continue its growth in the Canadian market, and this latest funding will allow the company to expand into the United States and internationally.  

“Congratulations to Sherry and Profound Impact on this closing. As an angel investor in women-led ventures, I’m excited to see more women invest at the seed level. Women founders in North America face many systemic barriers in pre-seed, seed and venture finance. I firmly believe that raising awareness of the opportunities for women to invest in women-led ventures is key to helping us remove those barriers,” says Lara Zink, President & CEO, Women in Capital Markets.

“We are excited to see female investors committed to growing their portfolios and unlocking financial opportunities in the innovation sector,” says Ken Grewal, Founder and CEO, Forthlane Partners. “It is vitally important that financial education and opportunities are available to women and all investors interested in growing their portfolios.”    

“It is gratifying to finally see so many women stepping up to steer their financial futures. Investments by women for women in Canada’s female-founded companies not only bridges identified funding gaps, but also builds a future for female entrepreneurs,” says Anne-Marie Canning, cultural entrepreneur and investor in Profound Impact. 

“Many women want to invest in the tech sector, but face difficulties in taking the first steps into the investment space. Connecting female investors to female entrepreneurs helps empower women across the tech industry to find success,” says Claudette McGowan, Co-founder of The Firehood. “I was pleased to support Profound Impact in this funding round and will follow along closely as their company continues to grow.” 

Profound Impact, which operates out of the Toronto-Waterloo technology corridor, offers Research Impact, an AI-powered tool that helps academic and industry researchers find the perfect funding match. More than just a search engine, Research Impact offers automatic, targeted and timely grant matching.

This phase of investment represents an important step along Profound Impact’s growth trajectory. The company has made significant strides over the past few months, including hiring Kasia Malz as Chief Financial Officer and forming an Inaugural Board of Directors. 

“As a serial entrepreneur, I admire Sherry’s strong vision of ‘connecting great people to great things,’” says Deborah Rosati, Chair of Profound Impact’s Board of Directors. “I invested in the company and believe that my experience in technology start-ups/scale-ups, commitment to good governance, financial expertise, and venture capital experience will bring value to the company as it scales.”

This female-led investment sends a strong message to the investment community that women will step up to support and invest in women-founded and led companies.

–30–

ABOUT PROFOUND IMPACT CORPORATION 

Based in the Toronto-Waterloo technology corridor, Profound Impact’s AI-powered tool – Research Impact – helps academic and industry researchers find the perfect funding match. With over $300 Billion in research funding opportunities, 100,000s industry partners and 8.8 Million researchers globally, finding the optimal grant for academic and industry innovators is often overwhelming and unnecessarily time-consuming.  More than just a search engine, Research Impact offers automatic, targeted and timely matching.  Profound Impact’s customers include top North American research institutions, universities and industry partners.  CEO and Founder Sherry Shannon-Vanstone is a serial technology entrepreneur with an unparalleled track record.  She has had five successful start-ups and exits in Silicon Valley and Canada, including two IPOs and acquisitions.  

Website: www.profoundimpact.com 

Facebook: @aprofoundimpact

Instagram: @aprofoundimpact 

LinkedIn: Profound Impact Corporation

Twitter: @aprofoundimpact

For media inquiries, please contact:

Katherine Hill

306-515-3611

katherineh@durrellcomm.com

media@profoundimpact.com