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____ Wednesday December 16, 2015 ____


Pauli Awards

Golden Triangle Angel Network honours Andela, Diane Wolfenden and the MaRS Investment Accelerator Fund.

Cambridge - At its 5th annual Pauli Awards, Golden Triangle Angel Network (GTAN) celebrated its unprecedented success with its members and the Waterloo Region. The awards night drew startup founders, investors and special guests to the Embassy Room at Bingemans Conference Centre in Kitchener.

The event celebrates GTAN’s many successes, such as its 285 Angels providing more than $24 million in funding to over 54 companies in six years, and helping startups like Clearpath Robotics, Miovision Technologies and Kik grow.

The three awards presented at the Pauli Awards were: the 2015 Company of the Year Award, the David Borges Community Builder Award, and the Angel of the Year Award.

“We’re extremely pleased with our local track record of innovation, investment and community support driving startup companies in this area,” said Rob Douglas, President and Co-Founder of GTAN. “All three of our award recipients should be extremely proud of their accomplishments.”

Company of the Year 2015: Andela

Since winning second place in GTAN|START in 2013, the Fora founders have partnered with two entrepreneurs in New York to found Andela. Andela recruits the top talent across Africa, trains them to be full-stack developers and places them with companies from startups to Fortune 500s -- helping to scale their engineering teams faster. After raising their Series A earlier this year, they've received over 25,000 applicants for the program and maintain an acceptance rate of less than 1%, making Andela the most competitive tech training program on the African continent and positioning themselves to be a great success story. To date, shareholder value has increased 8x.

GTAN congratulates Andela’s CEO and Co-Founder Jeremy Johnson, his Co-Founders Lyinoluwa Aboyeji (E), Ian Carnevale and Christina Sass, along with the rest of the team.
With Miovision Technologies, Kik, Dejero and IIX as the previous winners of this award, it is clear that the future is very bright for Andela.

David Borges Community Builder 2015: Diane Wolfenden

Diane has worked tirelessly as a GTAN advocate, investor and supporter since our inception in 2009. She currently serves as a board member and has dedicated countless hours serving on our committees and participating at events. She is also one of the 25 founding members of GTAN.
In the Waterloo Region, Diane was the 2014 recipient of the WOW (women of Waterloo Region) Award, she is the past Chair of the Great Kitchener-Waterloo Chamber of Commerce and Chair-Elect of the Grand River Hospital Foundation—to name a few.

“The David Borges Community Builder Award is presented to a GTAN member who demonstrates a commitment to growing our community,” said Carl Furtado, VP and Co-Founder of GTAN. “To be a true community builder, like David Borges was, you have to combine vision, character and hard work, which is what Diane does.”

“The GTAN angels believe in mentoring and being involved in the companies that they invest in and the community that they impact. This award is for all the GTAN angels who want to make Waterloo the best community it can be,” said Diane Wolfenden.

Angel of the Year 2015: MaRS Investment Accelerator Fund (IAF)

In the past six years, a week has not gone by where the MaRS IAF “ground crew” did not meet with prospective investee companies, worked on due diligence, prepared startups to present to the IAF Management Committee and more.
Dan Mathews and Aaron Bast (and Rob Scully before Aaron) have been GTAN’s ground crew for IAF since our inception. Individually and collectively they have played a distinctive role in our successful history, as they have brought GTAN dozens of co-investments. It is because of this that we are pleased to recognize MaRS IAF with the 2015 Angel of the Year Award for outstanding co-investment facilitated by Dan, Aaron and Rob.

The evening was rounded out by an engaging keynote remark from Rick Spence; one of Canada’s foremost experts on entrepreneurship, innovation and opportunity.

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