Investors find “next big thing” at Ottawa event

A startup founded by a group of Queen’s University students has been declared “the next big thing” by tech investor Brad Feld and Ryerson business professor Sean Wise.

Mosaic Manufacturing, a maker of a multi-material, multi-colour 3D printing technology, will get $25,000 from Ryerson Futures, where Mr. Wise is a partner.

Kanata-based enterprise software incubator and accelerator L-Spark selected the company to pitch to Mr. Feld and Mr. Wise during an Ottawa event held at Algonquin College in late March.

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It was part of a five-city Canadian tour that saw the two men promote their latest book, Startup Opportunities: Know When to Quit Your Day Job, while they searched for Canada’s top young company.

L-Spark also provided Mosaic’s co-founder and COO, Chris Labelle, with training before his pitch to Mr. Feld.

Before the pitch, Mr. Labelle told OBJ Mr. Feld was already on his radar, given Mr. Feld’s history of investing in 3D printing technology with Makerbot.

“It’s not very common that we get to pitch to an investor that has experience in the desktop 3D printing space, let alone experience with arguably the most successful company in the space,” Mr. Labelle said at the time.

Mr. Feld and Mr. Wise heard 20 pitches in Winnipeg, Waterloo, Toronto, Ottawa and Montreal before deciding on Mosaic.

The company plans to launch a crowdfunding campaign on Kickstarter later this month.

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