A heavenly opportunity to "give back"
Queen’s University’s PARTEQ Innovations is offering alumni an exciting new way to give back to their alma mater, and fittingly, it’s being launched it on Alumni Weekend, May 28-29.
“Right now there is a “perfect storm” of opportunity for those alumni who would like to play a more direct role in building the potential of the great research that is coming out of Queen’s,” says John Molloy, President and CEO of PARTEQ. “There are many exciting developments coming out of these research breakthroughs, and the timing has never been better for alumni to capitalize on them.”
The PARTEQ Angel Network is being set up to do just this. As an accredited member of the National Angel Organization – Ontario, the network aims to attract alumni interested in participating in PARTEQ-managed venture funds to support emerging Queen’s technologies.
"We’ve had a lot of success over the years in making venture funding an effective part of our business model,” says Molloy. “Now, thanks to new government incentives, the market rebound, and some successes on our side, the timing is perfect to formalize our angel network – and we’d like Queen’s alumni to play a leading role.”
Known as Canada’s most innovative university-based technology transfer office, PARTEQ has built its reputation on finding new ways to move breakthrough research discoveries to market. One of these approaches has been to build and manage investments in startup companies formed around Queen’s technologies.
The impact of this kind of activity on Queen’s alone has been considerable. Since 1987 PARTEQ has returned more than $30 million to the University resulting from its commercialization efforts – including $7.3 million realized from the sale of PARTEQ’s equity in spinoff companies.
“By participating as founding partners in the PARTEQ Angel Network, Queen’s investors send a powerful message about the value of Queen’s innovation, which can be a strong incentive for venture capital firms and other potential investors to join in,” Molloy says. “And there is the added excitement of potentially seeing returns on their investments.”
To learn more about the network and its opportunities, please come by the informal drop-in that will be held at the Carriage House Pub, Donald Gordon Centre, on Saturday, May 28, 2-4 pm. Or call John Molloy for more information at 613-533-2342.