Cambridge, Ontario – August 19, 2014 - Fibernetics was founded over ten years ago by an eager group of entrepreneurs looking to shake up the Canadian telecom industry. Since then they have grown their organization into one of the top telecommunication providers in Canada. Despite servicing hundreds of thousands of Canadians through their various brands, like Worldline, their residential service and NEWT, the business service division, the founders have never lost that start-up spirit.
Once an entrepreneur always an entrepreneur.
Over that time Fibernetics has launched a series of affiliated companies, most notably, Fongo. Fongo is a disruptive mobile application allowing smartphone users to save on their monthly voice bills – and has consistently been one of the top performers on all the app stores. Other companies like Rack & Data, Waterloo region’s largest co-location facility and Cloud at Cost, the best deal in cloud based servers, soon followed.
The experience gained from the success of those three affiliated companies inspired Fibernetics to launch a new in-house business incubator service, Fibernetics Ventures Incorporated.
Fibernetics Ventures looks to leverage existing network capacity, infrastructure investments, and human capital allow for in-house start-ups, early stage companies (like Plasticity) and complementary innovative outside tech companies (like a new start-up called Big Incites – more on them later) to have a built in competitive advantages in their respective markets. These cost advantages allow these ventures to launch unique and disruptive products, while creating new, sustainable revenue streams providing secondary growth opportunities for Fibernetics Corporation.
Whether the idea comes from a current Fibernetics Corporate employee, is an early stage company in need of additional resources, or is a start-up with an awesome business plan, FVI is looking for ideas that fit the following criteria:
FVI is especially interested in emerging technologies, not looking at where things are today, but where they are going.
Fibernetics CEO Jody Schnarr has taken the role of Managing Partner for FVI and will provide leadership and bring his considerable acquired knowledge through his entrepreneurial success to the FVI team.
FVI is actively looking for passionate driven entrepreneurs who are looking to make the world a better place. For more information on FVI and its incubator program, please visit the Fibernetics Ventures website or call (416) 477 0073.
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