RockMass Technologies Digs Deeper for Global Growth in Mining Industry
“The RockMass journey started in Kingston at the Queen’s Innovation Centre Summer Initiative in 2016,” said Gubasta. “The 14-week intensive summer program allowed us to explore entrepreneurship while reducing the initial risk through a paid stipend. In the first week of the program, I met my co-founder Shelby Yee and it wasn’t long before we identified this unique opportunity to work with the university to commercialize some research.”
With Launch Lab’s guidance, RockMass Technologies navigated a commercialization agreement with Queen’s University, a first for a student-run company. “By August of 2016, we were working out of Kingston and bootstrapping along with some seed money won in a pitch contest leveraged with support from the Ontario Centres of Excellence and The National Research Council of Canada Industrial Research Assistance Program,” said Gubasta.
Scott Runte was the Entrepreneur-In-Residence, or EIR assigned to Yee and Gubasta. He is also the CEO of Kingston-based Launch Lab. Throughout 2017 and 2018 he coached Gubasta and Yee on managing shareholder agreements, team development, and pitching for early-stage capital. “I describe the RockMass team as intelligent, driven and coachable,” said Runte. “Even while they were still starting up, Shelby and Matthew were evolving as leaders. They demonstrated a strong commitment to engaging the market and building their business model.”
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Rockmass Technologies Inc.
103 Richmond Street East, Suite 404
Toronto, ON, M5C 1N9