Agreement lets New Brunswick Entrepreneurs Work with GE
FREDERICTON–New Brunswick entrepreneurs can now access GE intellectual property to help bring new technology, products and services to market.
Ross Hornby, vice-president of government affairs and policy at GE Canada, made the announcement at an event held Wednesday at startup incubator Planet Hatch in Fredericton. He was joined by Stephen Lund, president and CEO of Opportunities NB, New Brunswick’s economic development agency.
The announcement was part of a Small Business Day event that included discussions about innovation in New Brunswick, as well as opportunities for New Brunswick companies to pitch how they might license and commercialize GE technology to serve the needs of their customers.
“At GE, we believe partnership and collaboration are key drivers for innovation and we look forward to being your innovation partner of choice,” said Mike Petracci, president of Licensing for GE Ventures. “Our goal is to make intellectual property available to New Brunswick companies that will help them fast track solutions, and create new business and market opportunities.”
New Brunswick is the third province in Canada, after Nova Scotia and Alberta, to collaborate with GE on the sharing of intellectual property.
“We are very excited that GE is looking for New Brunswick companies with a clear understanding of their market, their customers, and their customers’ challenges,” said Lund. “This partnership is a great opportunity for New Brunswick entrepreneurs to connect with GE technology.”