In our ongoing series to mark Innovation Guelph’s 10th anniversary, meet Phil Whiting, Ph.D., the president and CEO of Mirexus Biotechnologies Inc., located in Guelph, Ontario. Mirexus has been a client of Innovation Guelph for many years, even before Phil Whiting joined the company. Continue reading to find out more about Innovation Guelph’s past, present and future.
“I learned about IG from Professor John Dutcher, a Mirexus founder,” said Whiting. “When I joined Mirexus, my challenge was to convert Mirexus from a university invention to a functioning business. The key was attracting investment capital. I reached out to Innovation Guelph to network locally (I was new to Guelph), discuss funding ideas, and explore relationships that they might offer. Working with IG turned out to be very helpful for Mirexus.”
On the 10th anniversary, Whiting remarked, “It takes a long time to build an effective innovation ecosystem. Ten years into the journey, we can see the trees growing from seeds planted many years ago. It takes time to grow an oak tree! Not only has IG survived 10 years, but it is thriving now and making a real difference.”
The relationship between Innovation Guelph and Mirexus has benefitted both organizations over the years. Mirexus gave back by providing office space to IG at a significant discount. “We were happy to do that!” said Whiting.
Supporting innovation is essential, added Whiting, “Innovation is the engine of growth…economic, social and cultural. Plus, doing something innovative is fun!”
Innovation Guelph’s impact on Mirexus is remarkable. Mirexus has brought in more than $20M in investment capital. “I am not sure any of this would have happened without IG’s support and encouragement – especially in the early days,” he said.
About its future, said Whiting, “Innovation Guelph has a bright future, as long as governments recognize that organizations like Innovation Guelph are a good investment. The work done by IG pays clear dividends over time.”
To those entrepreneurs considering Innovation Guelph, said Whiting, “Just do it… NOW! New ideas, new thoughts, and mentors’ experience are likely to enhance your chances of success in ways you can’t ever anticipate.”
“WAY TO GO Anne and the IG team. Keep supporting the dreams of entrepreneurs with your integrity, capability, knowledge and passion. You do make a difference.” –- Phil Whiting, Ph.D., President and CEO of Mirexus Biotechnologies Inc.