Momentum is supporting the next generation of great Canadian companies as they scale to $100 million in revenue.
Momentum is built on the idea that it takes deliberate intent and experience at the executive level, and a global focus to create powerhouse science and technology companies headquartered in Canada.
Momentum does this by bringing together a community of seasoned, knowledgeable c-suite executives, and by giving participants access to engagements that will help teams make better decisions faster — always enabled by experience, data and insights.
Momentum’s ultimate goals: create a culture of scaling at Canadian companies, foster a peer community of like-minded individuals, engage the c-suite, and act as an advocate in Ontario, Canada and beyond.
Meet Canada's future economic stars
From clean-energy storage and AI-enabled drug development, to biometric security and data-driven sales enablement, the companies in MaRS Momentum cover a wide range of sectors. These companies are using leading-edge technology and science to improve global life in all aspects: education, finance, business, sustainability, entertainment and more.
The one thing they have in common? They’re ramping up to reach $100 million in revenue.
Momentum companies are some of the biggest drivers of economic and social impact for Canada
Krista has been the driving force behind the creation of Momentum, a MaRS program helping scaling Canadian companies reach $100 million in revenue by 2024. Krista has been a passionate innovator and builder of technology-based businesses for over 30 years. She has spent her career working in and advising over 200 organizations, including public companies, high-growth firms and startups. Krista is an engineer, entrepreneur, mentor and expert problem solver. She has a unique combination of strategic, technical, operational and marketing expertise. And she is known for her comprehensive knowledge of the existing and emerging enterprise tech stack (architectures, technologies) and commercialization practices. Her greatest joys come from working with and learning from diverse, talented and ambitious people, as well as being a mother to three amazing young adults.
Executive in Residence, Momentum
A successful entrepreneur, Mike comes to MaRS as the former CEO of two enterprise software companies working in commercial real estate and retail payments, respectively. He was also a ranked Wall Street analyst, as well as managing director at RBC Capital Markets, where he covered Apple and other technology companies for a decade. Mike holds a master’s degree in engineering from MIT and an MBA from Harvard. He also has certifications from MIT in artificial intelligence and blockchain technology.
Executive in Residence, Momentum
Scott Bagby specializes in scaling high-growth tech companies with a core competency in international expansion. He is a co-founder of A Retail Space, an early-stage data company in the proptech space. Prior to that, Scott was the president international of Rdio, a music streaming service. There, he was responsible for establishing and running Rdio in all territories outside the U.S. Scott found his way to Rdio having previously worked at Skype where he helped build the commercial side of the business and led market development strategies in Asia, South America and Europe. Before joining Skype, Scott was with First Pacific Davies, a property consultant based in China, and Comoretel, a startup telecom company. Scott holds a degree in international relations and business administration from USC.
Senior Advisor, Health
Richard brings over 20 years of experience as a pharmaceutical industry executive, having led the development of innovative drugs, biologics, medical devices and combination products in several therapeutic areas, including metabolic diseases, regenerative medicine, bone repair and orthopaedics, haematology and nicotine addiction. Throughout his career, he has been responsible for overseeing all aspects of the product development process, from basic research, preclinical safety and toxicology, and clinical research to chemistry, manufacturing and regulatory submissions in the United States, Canada and Europe. He has extensive experience in the management of intellectual property, having successfully defended against and challenged competitors’ claims. Highlights
- Chief Operating Officer at Nicogen Inc.
- Chief Scientific Officer at ApoPharma Inc, a division of Apotex Inc.
- Director, Drug Development at Allelix Biopharmaceuticals Inc. (later NPS Pharmaceuticals)
- Co-founder of the Advanced Regenerative Medicine and Tissue Engineering Consortium
- Served on the Scientific Advisory Committees of Cangene Corporation and Apotex Research
- PhD and Honors B.Sc. in Biochemistry from the University of Toronto
Executive in Residence, Momentum
As executive in residence at MaRS, Daneal helps high-growth companies solve their unique talent attraction and retention challenges while encouraging them to invest in a people-centered strategy that emphasizes employee experience fundamentals. Her goal is to help companies mitigate future risks and build sustainable and vibrant cultures. Daneal’s fascination with tech began with her first leadership role in 1997, working for the Intel Corporation in China, and strengthened over 15 years of work with some of Toronto’s most innovative startups. She is a sought-out expert, entrepreneur, speaker and coach to founders and their executive teams, and winner of Canadian HR Reporter’s Top 25 HR Professional Award in 2017 and the HRD Reader’s Choice Award for Best Service Provider in 2018. In 2017 Daneal co-produced the inaugural #MoveTheDial event, an initiative dedicated to changing the face of tech leadership in Canada. #MoveTheDial was one of the largest gatherings of tech startup female leaders in Canada, including 100 founders and 40 venture capitalists. Daneal holds a master’s degree in international management and a certificate from the cross-cultural, advanced program in human resource management from the Rotman School of Business, and is a certified executive coach through the Coaches Training Institute.
Executive in Residence, Momentum
Dennis is an experienced C-suite executive, who has led and implemented short term and strategic plans for companies ranging from startups to $50 million high growth organizations. Most recently, Dennis was CEO of TransGaming Inc., now FinDev Inc. (TSX-V: FDI), a leading digital media company in the cloud-based game market which he helped start and take public. In the past 10 years alone he has been involved in over $150 million of financing and M&A transactions — an activity he continues today as a Partner with DCF Capital Partners. He is also a CEO member of AceTech Ontario and currently serves as the CEO of The Southwestern Ontario Angel Group. Dennis is a Chartered Professional Accountant and Chartered Business Valuator and holds a BBA from Wilfrid Laurier University.
Senior Advisor, Growth Services and Executive in Residence, Momentum
Mark is an operator, entrepreneur and investor who specializes in starting and scaling businesses. He boasts over 25 years’ experience in tech and media, including more than 11 years as a sales and marketing executive at Quickplay. Mark is known for driving international expansion and streamlining sales processes. As an investor, he is the general partner for High Park Angels, a fund for early-stage B2B startups. Mark’s early work experience includes a number of firsts: launching web-based advertising in Canada at Shift magazine, expanding the web presence and digital video syndication strategy at CBC, and forging several cross-media interactive TV experiences for programs like Hockey Night in Canada, and social media pioneer ZeD. Mark holds undergraduate degrees from McGill University and Dalhousie University, and an MBA from the Rotman School of Management at the University of Toronto.
VP, Strategic Communications
Karen Mazurkewich is VP, Strategic Communications at MaRS. In addition to co-founding her own startup, she spent a decade as a senior journalist for the Wall Street Journal in Asia and the Financial Post in Toronto where she covered financial services, business innovation and technology. She has authored reports on innovation for the Canadian International Council and the University of Waterloo, and programmed multiple digital media events for the Ontario Development Corporation, Interactive Ontario, and Brunico Communications. She is a former senior communications officer for the National Film Board of Canada.
VP, Ecosystem Development
Cory leads innovation hub ecosystem development work at MaRS, helping position the MaRS Centre and future sites to be globally recognized generators of positive socioeconomic impact. Additionally, he leads relations for MaRS with top national and global jurisdictions of innovation. Cory previously led policy and public affairs at MaRS, where he coordinated relationships with government stakeholders, and aligned the organization and its network with government policies. Cory’s continued service at MaRS is an expression of his passion for the life sciences sector, and the implementation of strong innovation policy across Canada. Prior to MaRS, Cory served as chief of staff to the Government of Ontario’s minister of research, innovation and science. His other previous roles in the government included chief of staff to the minister of training, colleges and universities, as well as senior policy advisor to the ministers of economic development and innovation. Cory completed his PhD in biochemistry at SickKids and the University of Toronto with a focus on cystic fibrosis. He is also a chartered financial analyst (CFA) charter holder, and possesses an BSc in chemistry.
Executive Lead and Co-founder of the MaRS Centre for Impact Investing
A champion of socially-conscious finance, Adam has helped deploy more than $200 million in impact-focused capital for investors, top executives and senior government officials. At MaRS, Adam designs new financial products and brokers partnerships between capital holders and users to tackle social and environmental issues. He’s a pioneer of social impact bonds in Canada, and is a leading authority on social impact-focused products, policies, programs and standards. Adam contributes to Canadian media on impact investing and is a frequent guest speaker for the CBC, as well as and top business and public administration schools across the country. He also represents Canada on the Global Steering Group for Impact Investing — a 30-country leadership table — and is active on advisory boards of leading organizations, including the Calouste Gulbenkian Foundation (Portugal) and ACT Analytics. Adam enjoys magic and golf in his spare time. He is trying to figure out how to combine the two.
Stephen is a dynamic senior finance and operations executive who has held progressively senior leadership roles in both private equity backed and public companies across technology, software as a service (SaaS), retail, traditional and social media industries. He is experienced working with boards and investors setting up high-growth companies for scale while driving significant value creation, including financings, acquisitions, divestitures and IPO’s. Stephen is an influential and multi-disciplinary leader who has managed real estate, security and infrastructure, legal and HR teams and has led organizations through significant change. He inspires and mentors people into high-performance teams and helps them develop them into senior executives.
SVP Finance, PointClickCare
Saeideh is an executive leader consistently recognized for bringing operational perspectives to financial decisions in fast-paced, transforming organizations. She has led teams through innovative and complex change projects in VC, PE, and owner managed private entities within the technology, media, communications, retail and travel sectors. In addition to her financial roles, she is a culture and change advocate. Focused on people and teams, she has elevated contributions of individual players, developed accountability across all levels, and motivated teams to achieve stretch goals.
Gary is a strategic and entrepreneurial thinker who has designed revenue and technology roadmaps, and project managed and commissioned enterprise systems in manufacturing, education, healthcare, military and the media industry. Obsessed with efficiency, following trends and advancements in the digital, ad-tech and technology sector, Gary is always searching for innovative ways to improve the experience of digital products.
MBA PhD IC.D Executive Coach and Board Member
An experienced and astute board executive, Mark is skilled at being on boards dealing with issues such as financial performance, global expansion, leadership, strategy, organization, culture, engaging top-teams and colleagues, and diversity. He understands and effectively navigates the dynamics involved in being on boards of both public and private entities, with particular skill in board governance, corporate and business strategy, strategy execution, and risk management. In addition, he is strongly skilled in managing HR and compensation committee issues such as large-scale organization and culture change, succession planning, executive compensation, employee engagement, senior talent management, top team and board dynamics.
Managing Director, NFQ Ventures Ltd.
Fay is managing director at NFQ Ventures. She specializes in advising and working with high-growth companies to put in place the foundations to accelerate and build scaleable organizations; from people management, best practices, to risk management, and reporting and measurement systems. Fay thrives on strategic challenges and designing creative solutions to seemingly impossible problems. Most recently she held the role of EVP and CFO with Fuse Powered Inc. where she shepherded the company through venture financings, acquisition and divestitures through to its sale to a U.S. company. Prior to this she spent 15 years as an entrepreneur building software, services, and consulting companies within the Castek Group. Following the sale of these companies, she co-founded NFQ Ventures to invest in high-growth companies. During her entrepreneurial career, Castek companies earned numerous awards including "Top Product Launch" and "Top Transformation Company" in the prestigious Branham Awards competitions and also “50 Best Managed Private Companies in Canada.” Prior to her entrepreneurial career, Fay held senior roles with major U.S. and Canadian financial institutions where she structured large-scale project financing and managed lending transactions and asset portfolios ranging in size from $100MM - $300MM., in addition to co-managing portfolios with up to $1 billion in real estate loan assets. Fay holds an MBA from York University’s Schulich School of Business, and is a Fellow of the Institute of Canadian Bankers (FICB). She is also a graduate of the MIT Birthing of the Giants program, the Harvard Program on Negotiation, and thrives on constant learning. Fay is multi-lingual and has worked globally in Europe and Asia. Her interests include travel to remote regions of the world, scuba diving, skiing, real estate development, design and photography. She also serves on not-for-profit boards and takes pride in growing and mentoring the next generation of all-stars.
Tony Melman is currently retired. He was recently a partner, president and chief executive officer of Acasta Capital Inc. and was a founder and chief executive officer and a director of Acasta Enterprises Inc. He was previously a partner and managing director of Onex Corporation where he spent 22 years, having joined in 1984. Tony has led or was involved in many of the major acquisitions that Onex undertook in that time period including Celestica Inc., and most of those investments created substantial value for Onex shareholders. Prior to Onex, Tony was head of global project and acquisition financing at Canadian Imperial Bank of Commerce. Tony also served as a director and chair of the finance committee of CP Rail, having joined with Bill Ackman/Pershing Square and the “Directors for Change.” Tony was also the executive chair of Baycrest Global Solutions. He was previously on the Board of the Ontario Lottery and Gaming Corporation and Celestica Inc.
Evan Epstein is the executive director of the Center for Business Law and Adjunct Professor at the University of California Hastings College of the Law, and the founder and managing partner of Pacifica Global, a governance advisory firm based in San Francisco, California. Evan is a corporate governance expert and has advised founders, executives, directors and investors for over 15 years in Silicon Valley and internationally. He has also been retained as an expert in corporate governance litigation both in the U.S. and abroad, particularly involving fiduciary duties of directors in venture-backed companies. He was appointed executive director of the Center for Business Law, and adjunct professor of law, at the University of California Hastings in 2020. Evan is also the founder and managing partner of Pacifica Global, a corporate governance advisory firm based in San Francisco, California. Before joining UC Hastings, he was the executive director of the Stanford Rock Center for Corporate Governance, a joint initiative between Stanford Law School and the Stanford Graduate School of Business.
Professor David R. Beatty C.M., O.B.E., F.ICD, CFA, is chair of the David & Sharon Johnston Center for Corporate Governance Innovation and professor of strategy at Rotman School of Management, University of Toronto One of the world’s most experienced corporate directors and educators, David has served on 39 different boards of directors in Canada, America, Mexico, Australia and England and been chairman of 9 public companies. He currently serves as chair of two private equity-sponsored startup companies—one on medical healthcare products and the other in fintech. He was the founding managing director of the Canadian Coalition for Good Governance (2003-2008), an organization that today represents 50 institutional investors with ~C$3 trillion of assets under management. Fifteen years ago, he created and still oversees the Canadian Directors’ Education Program (DEP) a rigorous 12-day course that has now graduated over 6,000 senior Canadian entrepreneurs, directors and family office members. From 2010 until 2017 he created and led the Directors Education Program for Saudi Aramco, the world’s largest company in Ras Tanura, the company training facility in the Kingdom. In 2018 he was presented with a Lifetime Achievement Award by the International Corporate Governance Network (ICGN) a grouping of global asset managers with AUMs ~$50 trillion in 47 nations. In 2013 he was inducted into the Order of Canada (the C.M. above) the nation’s highest civilian honor. He was previously awarded a Queens’ Diamond Jubilee medal. In 1994 he was made an Officer of the Most Excellent Order of the British Empire (the O.B.E. above) by Her Majesty Queen Elizabeth II at Buckingham Palace for his services to Papua New Guinea. In Papua New Guinea he was the principal economic architect for Independence in 1975. He was subsequently presented with a 30-year independence medal.
The latest news from Momentum
About the Scale-Up Platform
Leveraging more than $52-million from FedDev Ontario, the Scale-Up Platform is a collaboration among Communitech, Invest Ottawa and MaRS Discovery District that will help thousands of high-growth firms attract more customers, talent, sales and capital, and increase their potential to become $100-million-plus anchor companies.