Ananda Devices wins Montréal stop of the Canadian Export Challenge Pitch Competition and moves onto National Competition

Montréal, QC – September 24, 2018 | This evening, Ananda Devices was named the winner of the Montreal Canadian Export Challenge Pitch Competition. Margaret Magdesian won $1,000 and a trip to Ottawa to pitch for the grand prize at Startup Canada Day on the Hill to CBC NextGen Dragon Nicole Verkindt and former Dragon, W. Brett Wilson, for the grand prize of $10,000 in the capital and up to $100,000 in resources and support.

Montréal based company, Ananda Devices produces microchips to grow human tissues. In doing this, Ananda Devices can discover treatments and cures for human diseases efficiently and cost-effectively, and works to find a model that is much closer to human patients, rather than standard practices of testing on animals.

“It is so nice to see so many people involved in innovation and in the Startup world who are trying to help us, we really feel supported by Canada,” said Margaret Magdesian, Founder and CEO of Ananda Devices. “I know we can deliver, but now we are asking for help to make Canada a major player.”

“I can invision Ananda Devices becoming a household name, a name known in hospitals and care facilities globally. With their exceptionally innovative technology and drive to steer away from animal-testing, their product is set to become a global game-changer in health-tech,” said Victoria Lennox, CEO of Startup Canada. “We know Margaret and her Team will represent Québec with pride in Ottawa in October at the final pitch competition.”

Presented by Startup Canada in partnership with UPS Canada®, Export Development Canada, and the Canadian Trade Commissioner Service, the Canadian Export Challenge in Montreal showcased and supported more than 150 borderless businesses to go global.

Margaret is set to travel to Ottawa to represent Montreal’s global startups on October 18th, where she will have the opportunity to pitch to win the grand prize and title as Canada’s 2018 Global Entrepreneur, receiving a whole host of support and funds.

Follow the Canadian Export Challenge as it continues to tour across Canada stopping in Halifax on September 26th, and ending in Vancouver on October 2nd. The winner of the grand prize will be announced on October 18th in Ottawa.

For more information, to schedule interviews, and to secure your media pass at Day on the Hill, please contact:

Maddie Stiles
Media Relations, Startup Canada
613-295-4590
maddie.stiles@startupcan.ca

About Startup Canada

Startup Canada is the national rallying community and voice for Canada’s 2.3 million entrepreneurs. Since launching in 2012, Startup Canada has grown to represent more than 200,000 entrepreneurs and 50 grassroots communities from coast to coast to coast. Through digital programs and flagship events, Startup Canada is the network promoting, inspiring, educating, connecting and giving a voice to Canada’s entrepreneurs; supporting them to start, operate and scale businesses that build a better Canada for the world today and for future generations. For more information, visit www.startupcan.ca.

About UPS

UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, follow @UPS_Canada on Twitter.

About Export Development Canada

Export Development Canada (EDC) helps Canadian companies of all sizes go, grow, and succeed in their international business. As a financial Crown corporation, EDC provides financing, insurance, bonding, trade knowledge, and matchmaking connections to help Canadian companies sell and invest abroad. EDC can also provide financial solutions to foreign buyers to facilitate and grow purchases from Canadian companies. For more information about how EDC can help your company, call us at 1-888-434-8508 or visit edc.ca.

About the Canadian Trade Commissioner Service
The Canadian Trade Commissioner Service (TCS) is Canada’s largest network of international business professionals – specialists with field access to global business opportunities to help Canadian companies succeed in markets spanning the globe. With over 120 years’ experience, the TCS is the go-to service for international business expertise and helps Canadian companies navigate the complexities of international markets with on-the-ground assistance available in over 160 cities worldwide. With a network of over 1,300 Trade Commissioners around the world, of which a large majority are locally engaged experts in their respective markets, the TCS also includes the Regional Business Network, which provides on-the-ground client service across Canada through 5 Regional Office hubs and Client Service Satellite offices co-located with partners in every province of Canada. By delivering tailored advice, the TCS helps Canadian businesses gain market insight, find new opportunities, connect with key contacts, and resolve business problems, so that they may make better, timelier decisions, propelling them to global growth. For more information, visit tradecommissioner.gc.ca.

 

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