CANARIE – Advancing Innovation in Canada

CANARIE connects Canada to the world with programs that equip researchers, students, and start-ups in Canada to excel on the global stage. Established in 1993 by the Government of Canada as a non-profit corporation to advance Canada’s knowledge and innovation infrastructure, the organization’s priorities, as established by Innovation, Science and Development Canada, are to:

  • Provide an internationally competitive ultra-high-speed network for Canada’s research, innovation and advanced education communities;
  • Develop, demonstrate and implement next-generation technologies;
  • Bolster Canada’s technology capabilities by assisting Canadian institutions and companies operating in Canada to advance innovation and commercialization of products and services.

CANARIE members include colleges, universities, healthcare facilities, research and post-secondary institutes, non-profit innovation organizations, government agencies and private sector organizations from across Canada.

“The organization’s mandate has evolved over its 30-year history,” says Kathryn Anthonisen, CANARIE President and CEO.  Initiatives led by CANARIE since its inception include:

  • laying the groundwork, with provincial partner networks, for the first commercial Internet in Canada;
  • incubating the Internet Registration Authority in Canada, now known as CIRA;
  • working with global peers to align international research and education infrastructures to support globally collaborative research, now formalized via the Global Network Advancement Group (GNA-G);
  • developing the grid certificate authority in Canada that provides secure access to data generated from the Large Hadron Collider and other advanced digital technologies;
  • supporting the uptake of cloud technology by Small and Medium-sized Enterprises (SMEs) in Canada;
  • identifying gaps in research software and championing the development of powerful research software tools to efficiently enable researchers across many disciplines to accelerate discovery, a program that has transitioned to the Digital Research Alliance of Canada as part of the Digital Research Infrastructure (DRI) Strategy; and
  • supporting Research Data Canada to align research data activities within Canada and internationally, now transitioned to the Digital Research Alliance of Canada as part of the DRI Strategy.

CANARIE’s current mandate includes enhancement of the cybersecurity capabilities of Canada’s research and education institutions. “The post-secondary education sector is one of the top three targets in Canada for cybersecurity breaches” notes Anthonisen.  “Threat actors from nation-states are sophisticated, well-funded, and well-organized. They target research data, intellectual property and infrastructure to disrupt and disable the peace of mind of Canadians,” she says

To address its cybersecurity mandate, CANARIE launched the Cybersecurity Initiatives Program (CIP) in November 2020. 97% of 220 research and post-secondary organizations that are eligible for the program are now participating in the CIP, which offers funded services to strengthen organizations’ cybersecurity capabilities.

As part of this work, CANARIE and its provincial and territorial partners in the National Research and Education Network (NREN) launched a national cybersecurity assessment service, based on the five key dimensions of the U.S. National Institute of Standards and Technology (NIST) Cybersecurity Framework. The goals of the assessment are to provide a clear, comprehensive picture of the cybersecurity maturity of Canada’s research & education sector, and identify risk-based priorities for the planning, investment, and delivery of future cybersecurity initiatives at the organizational, regional, and federal level.

CANARIE, with its partners in the NREN, is also piloting a federated Security Operations Centre for the research and education sector, CanSSOC. Given that many institutions and NREN partners have already invested in cybersecurity expertise, processes and infrastructures, “CANARIE’s goal is to stitch together these existing investments to cost-effectively enable advanced threat detection and response for universities, colleges, polytechnics and CEGEPs across Canada,” says Anthonisen.

To support innovation in the private sector, Canadian companies with fewer than 500 employees have access to CANARIE’s DAIR Cloud Program, which provides resources to assist start-ups and SMEs for rapid and scalable design, development, validation, and demonstration of products and services. Over 1900 start-ups have used the DAIR Cloud program to build and test new products and services. This service is part of CANARIE’s Private Sector Innovation mandate, which recognizes CANARIE’s unique position at the nexus of research, technology, and government policy, and serves to accelerate the adoption of transformative technologies among Canadian businesses.

“CANARIE is an essential service,” notes Sylvie LaPerrière, who serves as Past Chair on the organization’s Board of Directors.  “We are very much at the service of the community. We do a lot of listening to uncover future needs. And through this listening comes innovation.”

CANARIE is deeply committed to equity, diversity and inclusion, which is reflected in the diversity of its Board of Directors. The Board of Directors includes members from across Canada, representing research, education and industry from all regions. “A plurality of voices makes the board stronger,” says LaPerrière. “The CANARIE Board, with extensive expertise from both the public and private sectors, strengthens CANARIE’s ability to deliver on its mandate priorities by ensuring a diversity of perspectives that challenge management to maximize the value CANARIE delivers to its stakeholder communities.”

This commitment applies equally to CANARIE’s 84 employees. “When people feel they can bring their whole selves to work, they are able to bring richness and value to the organization,” says Anthonisen.

In late October, Profound Impact founder and CEO, Sherry Shannon-Vanstone, was appointed as the Vice Chair of the CANARIE board working with the newly appointed Chair, Larry Rosia, President of Saskatchewan Polytechnic, and Past Chair, Sylvie LaPerrière.

Sherry’s appointment as Vice Chair of the CANARIE board reflects the significant contributions she has made to a range of industries, including cryptography, information security, and telecommunications as well as her dedication to the advancement of women in technology. “I look forward to working with my fellow board members to strengthen Canada’s national digital infrastructure and ensure our country continues to inspire ground-breaking innovations and remain globally competitive,” she says.

Harald Stöver

Dr. Harald Stöver
Founder and CEO, Allarta Life Science
Professor, McMaster University

It was the influence and encouragement of a high school science teacher and the chemistry set handed down by his older brother that first triggered Dr. Harald Stöver’s interest in science. “I had a tiny lab in our house where I carried out chemical reactions and experimented with fireworks – including an unsuccessful attempt to blow up a tree stump. My parents were very supportive of my hobby, except perhaps for that tree stump. My mother even helped me conduct science experiments in the family kitchen,” recalls Harald.

Harald Stöver had completed three years of undergraduate chemistry study at the Technische Universitat Darmstadt in his native Germany when he decided to move to Canada for a year. His plan was to complete his degree at the University of Ottawa and return to Germany. However, his academic advisors in Ottawa noted that Harald’s undergraduate work from Darmstadt qualified him to enter graduate school. He became the first graduate student of the late Christian Detellier and completed his Ph.D. at the University of Ottawa. “Canada was now my home. They captured me!” says Harald.

During his time at the University of Ottawa, Harald established a connection with Professor Jean Fréchet, a professor in polymer chemistry. When Professor Fréchet moved to Cornell University as IBM Professor of Polymer Chemistry, he invited Harald to join him as a postdoctoral fellow to start research on a new technique. “We did great work together. I felt comfortable setting up new labs. After all, I had practiced in my mother’s kitchen,” says Harald.

Harald is currently a professor of chemistry and chemical biology in the Faculty of Science at McMaster University. During his tenure of more than three decades at McMaster, he has established a reputation as a leading researcher in polymer hydrogels, bio-relevant macromolecules and the delivery of biologics. His research and work with industry has been recognized by being named an NSERC/3M Industrial Research Chair, receiving Canada’s National Macromolecular Science and Engineering Award, and his appointment as Director of the NSERC Collaborative Research and Training Experience (CREATE) Program in Biomaterials.

When McMaster University decided to expand its focus on teaching and research to include entrepreneurship, Harald’s experience and affinity for working with industry made him a clear choice for the university to invest in transferring his research to market.  Allarta Life Science, a pre-clinical life science company that develops next-generation biomaterials for immune-privileged delivery of cells, stem cells and biologics, was launched in 2019 by Harald Stöver and Maria Antonakos, a senior executive with a broad range of experience managing innovation, and with an equity investment by McMaster.

Allarta Life Science’s work is poised to fundamentally change the way that patients with Type 1 Diabetes (T1D), a chronic disease that comes with a host of potential complications, including increased risk of stroke and heart attack, receive treatment.

Patients with advanced T1D are eligible for islet cell transplants from the pancreas of a deceased donor.  However, this alternative to multiple daily injections of insulin to manage blood sugar comes with costs to patients’ health. Because the body identifies the transplanted cells as invaders, patients must take immune suppression drugs for the rest of their lives. The solution being developed by Allarta Life Science is an immune-protective polymer gel, not recognized by the body as foreign material, to encapsulate the islet cells while still allowing the cells to receive nutrients and release insulin by diffusion. Harald likens the gel to a diver’s shark cage that protects a human from attack while allowing water to pass through. Ultimately, this therapy will reduce or eliminate the need for current immune suppression drugs that leave patients at risk for infections.

As a vertically integrated company, Allarta Life Sciences also works with partners who develop stem cell-based therapeutic cells that would eliminate the need for donor transplants. Fewer than a dozen other companies work in this area. Some develop new cells not recognized by the immune system, others focus on the immune-protective barrier. Allarta is unique in that their work covers all bases by producing hydrogels that contain islet cells, allow diffusion of insulin and deflect the immune system. “We expect to work with human subjects in clinical trials within two years,” notes Harald. 

In October 2023, Allarta announced news of an award from JDRF, the leading global T1D research and advocacy organization, to fund the company’s ongoing work. “The JDRF award will help us advance these therapies further towards the clinic,” Harald says.

Harald is excited to be part of McMaster University’s evolution of academic focus to include building the entrepreneurial sector. “This brings fundamental science developed in university labs to clinical settings.  It’s good for undergraduate and graduate students and for faculty and gives back to the community,” he explained.

Harald Stöver has come a long way from the experiments he conducted in his home science lab and his mother’s kitchen. His ground-breaking research at McMaster University and the work of Allarta Life Sciences are poised to make a profound impact by improving the lives of Type 1 Diabetes patients worldwide.

You can learn more about Harald in the visualizations below.

Do you have an Impact Story to share? Reach out to us at connections@profoundimpact.com for a chance to have your story featured in an upcoming newsletter!

CEO Message

September was a month of celebration and new partnerships at Profound Impact.

We were proud to name Hui Huang Hoe and Mike Farwell as winners of the 2023 Impactful Actions Awards on September 14, Profound Impact Day. 

Profound Impact Day is a time to recognize 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. 

Hui Huang 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. 

Mike Farwell is a radio host at CityNews 570 in Kitchener and is 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 Farwell4Hire, the largest annual fundraiser for Cystic Fibrosis Canada, through which he has raised more than $1.25 million. 

You’ll learn more about Hui Huang and Mike in the profiles in this month’s newsletter.

We were also pleased to announce a new partnership with Haltech Regional Innovation Centre in September.  Haltech is a non-profit organization launched in 2011 and is the go-to strategic connector and educator for start-ups in the Halton Region of Ontario and beyond. The partnership between Profound Impact and Haltech is designed to discover a range of funding and research opportunities for internal research and product development for Haltech’s clients through access to Research Impact, our AI-powered tool.

Profound Impact is proud to be a woman-founded and led company. Last month, I joined Sean Weisbrot, host of the We Live to Build podcast, to talk about my previous career in cryptography, my ongoing passion for encouraging women in business and the power of female investors.  You’ll find the podcast here.

Thank you for connecting with us and the Profound Impact community.

Sherry Shannon-Vanstone

Mike Farwell

Mike Farwell
Farwell4Hire

2023 Impactful Actions Award Winner – Lifetime Achievement

“Community is my energy. It’s my fuel. It invigorates and inspires me,” says Mike Farwell, a relentless community builder who turned the grief of losing two sisters to cystic fibrosis (CF) into the largest annual fundraiser for Cystic Fibrosis Canada. The 2023 Impactful Action Award Lifetime Achievement Award winner’s Farwell4Hire campaign has raised over $1.25 million in unrestricted funds over the last decade, supporting research, advocacy, and clinical care for people around the world living with CF, the most common fatal genetic disease in Canada.

Mike was born in Kitchener, Ontario as the middle of five children. He aspired to be a radio announcer, but not believing that this was a real job, he attended the University of Waterloo, earned a degree in Arts and went on to teach high school. “After one year as a teacher, I decided that this wasn’t the job for me,” says Mike. He enrolled in Conestoga College’s television and radio broadcast program and graduated with two career ambitions:  to work as a radio music DJ and as a hockey announcer. He began his radio career in Salmon Arm, British Columbia, where he was a music DJ and also had the chance to report on the local hockey team. Mike moved from Salmon Arm to work in communities across Canada for several years before returning to the Waterloo Region.

Mike’s second dream job, as a hockey reporter and announcer, came about as the result of responding to an open casting call by Rogers for a daytime talk show host position in Kitchener. The casting director noticed that Mike had listed experience in sports reporting on his resume. “We need a sports guy,” she told him. Within a week, he was on camera for the first time as a field reporter for university sports including football, basketball, and volleyball. Mike now has more than 20 years of radio and television broadcasting experience, works with Rogers Radio in Kitchener as the host of the Mike Farwell Show, and is the play-by-play voice of the Kitchener Rangers on CityNews 570.

Mike created Farwell4Hire to honour Luanne and Sheri Farwell, the two sisters he and his family lost to CF. Luanne died in the fall of 1993 at the age of 24 and, just nine months later, Sheri succumbed to cystic fibrosis at the age of 18. “Farwell4Hire was started by accident,” says Mike.  “I’m really bad at asking for things. I’d rather do.” Prior to launching the campaign, Mike had raised money through stunts, including jumping out of an airplane, sitting in (and getting wet) in a dunk tank and participating in a boxing match. The odd jobs Mike has performed as part of Farwell4Hire have ranged from the routine, like washing windows and mowing lawns, to the more exotic, like cleaning a horse’s sheath. 

Farwell4Hire is an excellent example of community collaboration. Small business owners, associations and larger companies across Waterloo Region come together each May in support of Mike’s efforts. The campaign is a fundraiser with absolutely no overhead. Managed entirely through the efforts of volunteers, every dollar donated to Farwell4Hire is a dollar donated directly to CF.

When asked how he finds the time to write, produce, execute and edit his daily radio show, travel with the Kitchener Rangers to do play-by-playing reporting on their games, and run an annual month-long fundraising campaign, Mike again points to the importance of community to his life. He quotes fellow Waterloo Region broadcaster and public speaker, Neil Aitchison: “Community service is the rent you pay for the space you occupy.” Mike continues, “I don’t think I could possibly give back to the community what it has given to me.”

Mike is delighted with the ongoing progress in CF research and with how the $1.25 million raised for research through Farwell4Hire has contributed to massive impacts in extending the lives of Canadians living with CF. When Mike started fundraising as a teenager, the estimated lifespan of a child with CF was less than 12 years. In 2023, a baby born with CF today has a median life expectancy of 57 years. And Trikafta, a new drug with the potential to treat up to 90% of Canadians with CF, doesn’t just treat symptoms. This transformational treatment targets the basic defect from specific genetic mutations that cause the disease.

Mike was struck by a statement made by Roberto Clemente, the late National Baseball Hall of Famer who has an award for sportsmanship and community involvement named for him in recognition of his charity work in Latin American and Caribbean countries during the off-seasons. “Roberto said that a person who can help others and fails to do so has wasted his life. I don’t want to waste my life. I want to help if I can. And the work I do is the way I can do my part,” Mike adds.

Profound Impact is proud to present the 2023 Lifetime Achievement Impactful Action Award to Mike Farwell, a remarkable leader who has worked tirelessly to build community and to raise funds for Cystic Fibrosis research, impacting lives in the Waterloo Region and around the world.

Do you have an Impact Story to share? Reach out to us at connections@profoundimpact.com for a chance to have your story featured in an upcoming newsletter!

Hui Huang Hoe

Hui Huang Hoe
Founder and Inventor, elerGreen Industry
Photo Credit: Thomas Truong

2023 Impactful Actions Award Winner – Young Leader

As record temperatures were set in the northern hemisphere during the summer of 2023, people in locations as diverse as Canada, Europe and Hawaii experienced the severe effects of climate change in the form of ocean storms, wildfires, floods and droughts. For Hui Huang Hoe, this was not a new phenomenon. He had experienced the effects of climate change while growing up in Malaysia as ever-rising temperatures and extreme weather fluctuations resulted in floods and droughts. Hui Huang moved to Canada to attend the University of Toronto, and, in part, to escape the heat of Southeast Asia. 

Hui Huang was inspired at an early age to study science after reading Stephen Hawking’s book, The Universe in a Nutshell. He went on to exhibit a keen interest and talent in science and math during high school, where he won the national Physics and Chemistry Olympiads Championships. Motivated by this success, he decided to pursue a career in chemical engineering, with a focus on sustainable energy and environmental engineering. He was awarded a scholarship to study in Canada and enrolled in the Chemical Engineering program at the University of Toronto, where he earned an undergraduate degree with High Honours as the top student in his class, venerated by the Society of Chemical Industry Merit Award.

Hui Huang considers himself lucky to have received exposure to research in the summer following his first year of study, through his award-winning work on energy-efficient fuel with Professor Ya-Huei (Cathy) Chin, now a Canada Research Chair. In his third year, he was granted a senior fellowship to work with Professor Donald W. Kirk, another of his mentors, on carbon-free zinc-air fuel cell research. Hui Huang produced an award-winning thesis (such as Mackay Hewer Memorial Prize, as the best chemical engineering thesis related to environmental studies) on converting carbon dioxide into fuels powered by renewable electricity. As part of his graduate research work, the carbon dioxide conversion was expanded beyond fuels into useful products. The University of Toronto recognized Hui Huang’s work with numerous awards and filed a patent, Electrochemical Carbon Dioxide Utilization, related to his research.

Hui Huang went on to establish elerGreen, a cleantech start-up company that addresses waste remediation through the recovery of polymers, metals and chemicals from waste and renewable electricity in an economical and eco-friendly way. For elerGreen’s key differentiator, he invented and patented a unique electrochemical reactor of moving electrodes against stationary blades to continuously harvest solid products. Interestingly, he conceived elerGreen moving electrode reactor with an Eureka moment while exercising on a treadmill!

elerGreen moving electrode reactor facilitates the conversion of pollutants, including tailings and petrochemical waste, into valuable metals, polymers and feedstocks, powered by renewable electricity. As a result, elerGreen converts CO2 or its derivatives into useful products, while replacing fossil fuel combustion in chemical or manufacturing plants, which is more energy-efficient. In layman’s terms, elerGreen cleantech is like Tesla’s electric vehicle, but for chemical or manufacturing plants. 

Hui Huang’s leadership extends far beyond his work in cleantech. In addition to being a serial inventor in green electrochemistry, Hui Huang has been recognized for teaching excellence and for his work coaching students. He also wrote and published Mathematica Particularis, a book on engineering mathematics that is offered free of charge to students. 

Hui Huang believes strongly in giving back to the community. In 2022, elerGreen partnered with Venture for Canada (VFC) to collaborate on the VFC Intrapreneurship Program, an experience offered to foster Canadian youth entrepreneurship and innovation. As part of this program, he coaches students, teaching them about clean technologies, educating them on intellectual property protection and making them aware of the importance of corporate social responsibility. 

elerGreen also actively participates in climate change planning, management and governance, as a policy recommendation signatory for Canada’s federal budget on cleantech and climate action. Beyond cleantech, elerGreen employs business model innovation as collaborative sales, to empower the community with cost-sharing and joint-IP protection. 

elerGreen’s community impact was recognized in 2022 as it was named one of the four semi-finalists by the Innovators and Entrepreneurs Foundation (IEF) for the Canada Innovation & Entrepreneurship (CANIE) Awards, in the category of Climate-Related Product Innovator of the Year. 

elerGreen’s impact also goes globally beyond Canada, recognized by Hub de Innovación Minera del Perú (Mining Innovation Hub of Peru) as PERUMIN Finalist in the category of Environment and Sustainability category, for meeting various UN Sustainable Development Goals (SDGs) on converting heavy metals tailings into saleable solid metals as a Canadian corporation. 

In June of 2023, elerGreen was named as one of 21 companies by Innovation Guelph to receive cleantech grants totaling $630,000 through the Government of Canada-supported i.d.e.a. Fund, an initiative to help clean growth firms in southern Ontario to develop or redesign green products, services, process and technologies and to create made-in-Canada climate change solutions. elerGreen is using these funds to collaborate with students at St. Lawrence College to establish a full-scale reactor, now further being upgraded into a pilot plant. 

Hui Huang works to integrate elerGreen’s core principles of profitability and sustainability while contributing to society by developing cleantech technology and expertise and shifting the mindset of how society supports the cleantech sector. To support these goals, elerGreen has become a certified Ontario Made company and a member of Ontario Clean Technology Industry Association. “What we do at elerGreen can be summed up as Electrification Done Green,” Hui Huang says. 

Hui Huang Hoe’s passion and success as a researcher, inventor and founder, his ongoing work to develop the next generation of cleantech entrepreneurs through his coaching and teaching and elerGreen’s commitment to equity, accessibility and inclusion for underrepresented people and newcomers to Canada truly make him a young leader deserving of the 2023 Impactful Action Award. 

Finally, the Impactful Action Award comes with a donation by Profound Impact to a charity, and Hui Huang Hoe and elerGreen have nominated Parkdale Centre for Innovation. This donation to Parkdale Centre for Innovation would further support public awareness and social entrepreneurship on equity, accessibility, and inclusion for underrepresented people, including women, Black, Indigenous, people of color, and newcomers to Canada. 

Do you have an Impact Story to share? Reach out to us at connections@profoundimpact.com for a chance to have your story featured in an upcoming newsletter!

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. 

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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 

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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.

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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 

CEO Message

The Profound Impact team is looking forward to announcing the 2023 Impactful Action Award winners on September 14th during Profound Impact Day. This annual virtual event honours the late Professor Scott A. Vanstone and celebrates the impact and legacy of collaboration and innovation developed through the Profound Impact community.  


Profound Impact Day 2023 will commence at 12 noon EDT on Sept. 14th and feature a fireside chat with past Impactful Actions Awards winners Dr. Feridun Hamdullahpur, former president of the University of Waterloo, and Kehkashan Basu M.S.M., Founder of Green Hope Foundation. 

Learn more about the finalists in both the Young Leaders and Lifetime Achievement categories in this month’s newsletter and register for Profound Impact Day 2023 here.

The Profound Impact team had a productive time at the NCURA (National Council of University Research Administrators) annual meeting in Washington, DC last month. There was tremendous interest in Research Impact and everyone loved the Canadian maple syrup candy! We also conducted a survey of attendees about their areas of concern regarding research funding and industry partnership. We will analyze the responses and make the report available on our website soon.

As Profound Impact continues its growth in the Canadian market and expands into the United States and internationally, we are pleased to announce that the company surpassed our goal of raising $3 million in two tranches this summer, for a total of $3,125,000.  A group of female investors, including many who were first-time investors, led the way for Profound Impact’s pre-seed round of financing, which closed on May 5, 2023 and August 4, 2023 respectively. The participation of first-time female investors sends a clear message of confidence in Profound Impact’s vision and the team’s leadership. 

We’re excited about how we continue to connect great people to do great things and look forward to seeing you at our noon event – Profound Impact Day on September 14.

Thank you for connecting with us and the Profound Impact community!

Sherry Shannon-Vanstone