News Release – Vanstones inducted into KW Entrepreneur Hall of Fame

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Dr. Sherry Shannon-Vanstone and Dr. Scott Vanstone Inducted into Kitchener-Waterloo Entrepreneur Hall of Fame

Celebrating the Legacy of Dr. Sherry Shannon-Vanstone and Dr. Scott Vanstone in Innovation and Community Leadership

WATERLOO, ON | JUNE 13, 2024 — Profound Impact™ Corporation (“Profound Impact”), a technology company that has developed an AI-powered researcher-to-funding matching platform, is proud to announce the induction of its Founder and CEO, Dr. Sherry Shannon-Vanstone, along with her late husband, Dr. Scott Vanstone, into the Kitchener-Waterloo Entrepreneur Hall of Fame. This prestigious honour, awarded by the Waterloo Region Entrepreneur Hall of Fame in partnership with JA South Western Ontario, recognizes the extraordinary contributions of the Vanstones to entrepreneurship, innovation, and the local community.

Sherry is a visionary leader in business and philanthropy, with a career spanning multiple successful ventures in Silicon Valley and Canada. With a MS in Mathematics from the University of Tennessee, she has held significant positions including Vice President, Sales & Marketing, Certicom Corp., Vice President Electronic Commerce at MasterCard International and CEO of Arcamatrix Corp. Her entrepreneurial spirit led to the founding of TrustPoint Innovation and Profound Impact Corporation. Sherry is also renowned for her mentorship and advocacy for women in STEM fields, playing a key role in initiatives such as the Emmy Noether Circle at Perimeter Institute and the Waterloo Region Chapter of Women in Communications and Technology (WCT-WR).

“Sherry was an amazing connector to the whole [tech] community, keeping our company connected to all the people that needed to believe in the technology we had,” said Phil Deck, former CEO of Certicom. “Sherry’s a cryptographer, so she knew the science but she also knew the personalities involved, and that was key. She was an essential part of Certicom right from the beginning. We built a software stack that could be embedded in other people’s software to do elliptic curve cryptography. It was extremely valuable. It was the most advanced cryptographic toolkit in the world. It’s actually the signing algorithm for Bitcoin today,” he adds. 

Scott was a prolific researcher and pioneer in Elliptic Curve Cryptography (ECC), with a profound impact on the field of cryptography during his tenure at the University of Waterloo. He supervised numerous Ph.D. candidates and co-founded Certicom, a leader in ECC technology, which was later acquired by Blackberry. His work with TrustPoint Innovation, acquired by the Robert Bosch Group, further cemented his legacy in cybersecurity and the Internet of Things (IoT). Scott’s journey from Ph.D. student to renowned researcher and company co-founder can be traced back to his early recognition of ECC’s potential in 1985. His career, rooted in the academic lineage of distinguished individuals such as William Tutte and Ron Mullin, led to significant advancements in cryptography. Scott was not only an innovative researcher but also a mentor who inspired and guided future leaders in the field. His contributions continue to influence the development of cryptography and cybersecurity, showcasing a legacy of profound impact through connections and collaborations.

Scott’s daughter Andrea Mclean commented: “I am very proud of him for this special recognition for the Kitchener-Waterloo Region Entrepreneur Hall of Fame, and I think he’s very deserving of that for all the hard work he put in over the years as being a math professor and Certicom and TrustPoint after that. Sherry’s always giving back to the community, supporting the University of Waterloo along with my dad, hosting International Women’s Day events, always wanting to connect people within the region.” 

“Being inducted into the Kitchener-Waterloo Entrepreneur Hall of Fame is a deeply meaningful recognition of our lifelong commitment to innovation and community,” said Dr. Shannon-Vanstone. “Scott’s vision and passion for cryptography and information security continues to inspire our work at Profound Impact, and I am honoured to continue our legacy of fostering technological advancement and supporting the next generation of innovators.”

The couple’s contributions have significantly impacted the Kitchener-Waterloo region. Sherry’s leadership in local mentorship programs has empowered over 200 women professionals through WCT-WR Mentoring Circles. Additionally, their philanthropic efforts have supported educational and healthcare initiatives, including the Emmy Noether Council at Perimeter Institute, the University of Waterloo Math Faculty, St. Jerome’s University, the University Health Network and the Milton Hospital capital campaign.

“I think the inevitability of Scott and Sherry co-founding TrustPoint was going to be a legacy for what they were going to create together,” said Dr. Deborah Rosati, Chair of Profound Impact Board and Investor. “Profound Impact was a passion project for Sherry originally. She just leaned in. It started with community impact and as it evolved it became more of we can really create this AI platform to connect researchers with funders.” 

Profound Impact’s AI-powered platform, Research Impact, exemplifies the ongoing innovation inspired by Scott and Sherry. The platform facilitates seamless connections between researchers and funding opportunities, streamlining the path to groundbreaking discoveries. “This recognition motivates us to continue driving technological progress and supporting academic and industry researchers globally,” said Sherry.

“To aspiring entrepreneurs in the Kitchener-Waterloo area, I encourage you to pursue your passions relentlessly and leverage the power of community and collaboration. Innovation thrives where diverse minds come together to solve complex problems,” she added.

Dr. Shannon-Vanstone extends her heartfelt gratitude to the mentors, colleagues, and community members who have supported her and Dr. Vanstone throughout their careers. Special thanks to the team at Profound Impact, whose dedication and expertise are vital to advancing their mission. 

Dr. Shannon-Vanstone accepts the Entrepreneurial Hall of Fame award at the JA South Western Ontario ceremony, celebrating her outstanding contributions to innovation and business leadership.
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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 $2.5 Trillion 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:

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Durrell Communications

alexh@durrellcomm.com

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Connect with Profound Impact: 

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Shape the System Podcast

Profound Impact’s founder and CEO, Sherry Shannon-Vanstone, participated in a conversation with host Vincent Turner in the July 9th Shape the System podcast. Shape the System features conversations with inspiring people who are rethinking society’s solutions to global problems.

The focus of the podcast was how Profound Impact, through Research Impact, works to connect resources and capital in the form of research partnerships and funding to great people who are doing great things. While Profound Impact’s genesis was to articulate and visualize the impact of individuals within an organization, Sherry noted that the company listened to customers to understand their challenges and pivoted to develop the Research Impact product to meet those needs.

The $300 billion in global research funding available annually for 8.8 million researchers and hundreds of thousands of industry partners around the world can be seen as either a problem, if that funding is difficult to access, or an opportunity for conducting fundamental and breakthrough research. Research Impact’s use of AI and machine learning ensures that funding is used efficiently by the right people by connecting researchers to the funding programs most appropriate to their work. The automation of the matching process done by Research Impact means that researchers can focus on their ground-breaking work and research administrators can do their jobs more efficiently and accurately.

Shape the System aims to inspire more people to follow their purpose, deepen their resolve and have a bigger impact. The conversation with Sherry illustrated how her experience as a mathematician, cryptographer, technology sales executive and serial entrepreneur led to the founding of Profound Impact to meet that same goal by providing tools that allow researchers to make the greatest impact by solving issues of global importance.

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.

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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

For media inquiries, please contact:

Durrell Communications

media@profoundimpact.com 

PROFOUND IMPACT™ CORPORATION ANNOUNCES INAUGURAL BOARD OF DIRECTORS

FOR IMMEDIATE RELEASE

Deborah Rosati and Sharon Castelino join Profound Impact’s first board of directors.

WATERLOO, ON | JUNE 6, 2023 —Profound Impact™ Corporation is a leader in AI-powered solutions including Research Impact, an optimization platform that matches research grants with academic and industry researchers. Today, Profound Impact is pleased to announce the launch of its inaugural board of directors. Composed of distinguished business leaders with a wealth of skills and diverse backgrounds, this experienced board of directors will help guide Profound Impact toward its next phase of growth and success.

The members of Profound Impact’s board of directors include:

Board Chair – Deborah Rosati, FCPA, FCA, ICD.D, GCB.D, CCB.D: An award-winning corporate director and entrepreneur defined in three interconnected ways throughout her 35-year career – as a corporate governance champion, catalyst for change and community builder. In June 2023, Deborah was bestowed an honorary Doctorate of Laws by Brock University, her alma mater, recognizing her significant contributions and social impact.

Board Director – Sharon Castelino, MBA, LLM, ICD.D: An award-winning financial services executive and corporate director with three decades of experience in multiple sectors and across global jurisdictions, including institutional banks, capital markets and technology.  Sharon earned her MBA from the Ivey Business School, receiving the prestigious Ivey Scholar, and her Master of Laws (Business), from Osgoode Hall Law School.

Corporate Secretary – Kasia Malz, CPA, CA, MAcc.:  In addition to her role as CFO, Kasia will serve as corporate secretary for the board of directors.

Founder, President & CEO – Sherry Shannon-Vanstone, BS, MS Mathematics, LLD

“We are pleased to bring industry veterans who will add tremendous value with their expertise in technology, business and corporate governance to drive our growth strategy,” says Sherry Shannon-Vanstone, Founder and CEO of Profound Impact. “Also, congratulations to Deborah on her honorary doctorate from Brock University! I had the privilege of receiving my honorary doctorate from the University of Western Ontario in 2019 and know what a special honour it truly is.”

With this new board, Profound Impact is poised for explosive growth and sustainable success as a leading AI-powered platform in the $300 billion research funding market. “We are excited to make an impact by ‘connecting great people to do great things,’” says Deborah Rosati, Board Chair.

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:

Durrell Communications

media@profoundimpact.com

Kasia Malz Appointed as CFO

FOR IMMEDIATE RELEASE

PROFOUND IMPACT™ CORPORATION APPOINTS KASIA MALZ 

AS CHIEF FINANCIAL OFFICER

Malz brings 15 years of broad financial leadership experience in start-up and high-growth companies.

WATERLOO, ON | MAY 24, 2023 — Profound Impact™ Corporation is pleased to announce the appointment of Kasia Malz to the company as Chief Financial Officer.

Malz joined Profound Impact in April 2023 and brings more than 15 years of experience working in diverse financial leadership roles in start-up and high-growth environments. She holds her Chartered Professional Accountant (CPA, CA) designation and is a licensed Certified Public Accountant in the state of Illinois. Malz is no stranger to Waterloo Region and the surrounding area as she received both her Masters of Accounting and Honours Bachelor of Mathematics from the University of Waterloo. 

“Adding Kasia as our CFO signals a time of growth, expansion and investment here at Profound Impact,” says Sherry Shannon-Vanstone, Founder and CEO at Profound Impact. “We know Kasia will be an invaluable member of our team as we grow. We’re looking forward to her guidance as we continue this upward trajectory.”

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.

Prior to joining Profound Impact, Malz spent four years as CFO of Titanium Transportation Group Inc. and two years as CFO of Next Hydrogen Solutions, both of which she took public, supported with multiple capital raises and grew through M&A. She currently sits on the board of the Canadian Centre for Electron Microscopy at McMaster University and Nets for Net Zero and is an Executive in Residence with Foresight Canada.

“I’m honoured to be part of Profound Impact and incredibly passionate about our solution, which brings together industry and academia with government and other funding organizations,” Malz says. “Our work at Profound Impact will continue to innovate in matching research funding, and I’m looking forward to our team’s journey.”

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ABOUT PROFOUND IMPACT CORPORATION 

Profound Impact’s AI-powered tool, Research Impact, helps academic and industry researchers find the perfect funding match. With over $300B in funding, 100,000s industry partners and 8.8M researchers globally, finding a match between academia, industry and grants is often overwhelming and time-consuming. More than just a search engine, Research Impact offers automatic, targeted and timely matching. Our customers include top Canadian research institutions. Profound Impact’s CEO and Founder Sherry Shannon-Vanstone is a serial tech entrepreneur with an unparalleled track record in building high-performing teams and led start-ups to successful exits both in Silicon Valley and Canada with two IPOs and two acquisitions. The company is located in the Toronto-Waterloo technology corridor. Our Canadian and US team members are passionate about connecting great people to do great things while maximizing their worldwide impact.

Website: www.profoundimpact.com 

Facebook: @aprofoundimpact

Instagram: @aprofoundimpact 

LinkedIn: Profound Impact Corporation

Twitter: @aprofoundimpact

For media inquiries, please contact:

Durrell Communications

media@profoundimpact.com