Several years ago Daniel Merizen came to Toronto Business Development Centre with a business idea. His vision was to be a wholesaler of décor fabric and fashion accessories.
TBDC provided Daniel with the necessary entrepreneurial training and advisor support to complete his business plan. Ongoing business counseling helped him to confidently implement his plan and successfully launch Onigo Imports.
“The business incubator was really great. They helped me get a line of credit and set up a business plan with proper cash flow projections”, says Merizen.
Today Onigo Imports operates from a 5,000 square foot warehouse in downtown Toronto where Daniel employs four people. Visit their website at www.onigo.com.
Research conducted by Libby Lund-Petersen identified a viable opportunity for a daycare centre in the rapidly growing neighbourhood of King West Village. Although the potential market was confirmed there were still many unanswered questions and Lund-Petersen found herself at Toronto Business Development Centre.
TBDC helped Lund-Petersen develop a comprehensive business plan through intensive entrepreneurial training and business advisor support. “The plan made it real”, says Lund-Petersen adding that the business plan reinforced her commitment to the idea and proved to her that it was possible to launch the business. Another important benefit she recalls is the entrepreneurial atmosphere fostered and shared by all who are associated with TBDC.
Recognized by the National Post as one of “T.O.’s best daycares”, Downtown Kids Academy will expand to almost 4000 square feet with the addition of infant care facilities by the end of 2008 and grow from seven to nine full time employees. Lund-Petersen and business partner Tracy Lund-Petersen have positioned Downtown Kids Academy for continued growth into the future.
You can visit Downtown Kids Academy online at www.downtownkids.com.
Physicool produce products based on a medically formulated Coolant. The mist is the first product to be launched in Canada and is designed to give cooling relief for women suffering from hot flashes. Nick Back and Joe Chiodo presented their business plan to Toronto Business Development Centre in March 2014 and were accepted into our Business Incubation Program through the Start-Up Visa initiative.
With TBDC’s help and support, Nick received a work permit and they were able to start their operation in Canada. Physicool Canada became incorporated in October 2014 and since then they have made tremendous progress in bringing this unique product into the Canadian market: They have obtained licensing from the Canadian Ministry of Health to distribute the cooling mist and are now preparing for a nation-wide launch of their innovative product.
Physicool aim to introduce an increasingly wide range of products, including cooling compression bandages and cooling sports clothing. They will be entering a wide range of markets including medical and sports organisations.
Aside from their projected product success, Physicool Canada’s Nick Back is the first TBDC’s entrepreneur who received his Permanent Residence status through the Canadian Start-Up Visa Initiative, allowing him to grow and develop his business and reach the Canadian market.
When CLM Health Inc., a home based distributor of natural health products business, needed to find new premises, owner Catherine Maguire looked to Toronto Business Development Centre at the recommendation of a friend.
TBDC provided the services Maguire required to grow and position her business for the time when she would move on to a fully commercial location. She took advantage of the office support and built relationships with her peers “Even if I had a problem with my computer there was someone there to help”, Maguire says.
Maguire speaks highly about the spirit of entrepreneurship at TBDC, and fondly of the experiences shared with her fellow business owners. She continues to keep in touch with the friends she made while at TBDC.
CLM Health Inc.’s product line includes Allestra, Allimax and Ascenta. CLM Health Inc. is online at www.clmhealth.com.
One of Toronto Business Development Centre’s first clients, President and CEO of Xenex Enterprises Inc., Lorice Haig recalls with fondness his experiences at TBDC.
“The entrepreneurial spirit lives within the walls of that place”, says Haig.
From humble beginnings Haig built his business and insured sustainable growth and profitability by being flexible and reacting to changing market conditions.
Today Xenex Enterprises Inc. occupies 2000 square feet of office space in Rexdale, Ontario and employs 7 full time staff. As well, Xenex has a roster of developers available on a part-time basis.
Haig gives back his time generously to organizations including the Etobicoke Chamber of Commerce and Toronto Business Development Centre.
Please visit Xenex Enterprises Inc. at www.xenex.ca.