The 2020 Expansion Awards Winners


Each and every 12 months, Canadian Enterprise has highlighted the entrepreneurial leaders of Canada by way of the the Expansion List—a position of set up businesses on five-calendar year revenue expansion and startups on two-12 months profits advancement. Formerly regarded as the Expansion 500, the Advancement Checklist and Get started-Up Record winners are profiled in a specific print difficulty of Canadian Business printed with the December difficulty of Maclean’s journal. 

“Despite turbulence, the 2020 Expansion List organizations showed resilience, spirit and, most importantly, empathy and strong leadership,” says Susan Grimbly, Progress List Editor. “As we celebrate around 30 yrs of the Canada’s Speediest-Expanding Businesses application, it’s encouraging to see that the heart of Canada’s entrepreneurial group beats solid, even in challenging moments.”

Ranked classes include things like, Enterprise Pivot Employer of the Year Excellence in Range Feminine Entrepreneur of the Year World wide Business enterprise Philanthropy Service and Technological know-how Trailblazer. 

“The award-successful entrepreneurs are fleet, amazingly imaginative and artistic and definitely passionate,” sys Grimbly. “They show these attributes, from their important expansion in 2019, their resilience in 2020, and their wonderful leadership, likely into 2021. As these kinds of, they stand like goliaths above the crowd.” 

Below are this year’s winners:

Fastest Rising Corporation Award 
Marlin Spring

Benjamin Bakst, CEO & Co-founder / Elliott Kazarnovsky, CFO & Co-founder

This Toronto-based improvement and financial commitment business has immediately established itself as a juggernaut in a competitive marketplace. Sales revenues grew by a whopping 57,144%, from 2014 to 2019. Succeeding in development, Benjamin Bakst, CEO & Co-founder, suggests, is about a lot more than placing up buildings. It is about understanding the current market and how the various sectors (household, industrial, rental) inform each and every other. Strategic financial investment in rental qualities across North The us adds to the company’s lustre. “We do have a specialty,” notes Bakst. “It’s price-insert serious estate.” 

Speediest Rising Commence-Up Award
Steel River Group

Trent Fequet, Founder & CEO 

Following doing the job in the mining and construction sectors in Northwestern Canada, Founder & CEO Trent Fequet began crafting a small business strategy for a enterprise that could function for vitality giants, but also present work for Indigenous peoples. He introduced Steel River Group in 2017. Calgary-based mostly Metal River Group has recognized extraordinary partnerships with both equally development giants and Initially Nations teams, primary to incredible progress. This year’s Start off-Up winner offers two-yr revenue advancement of 8,662% considering that 2017.

Organization Pivot Award
CoPilot AI

Henry Bee CEO, Co-founder / Jesse Chen, CTO, Co-founder

This award celebrates an entrepreneur whose primary concepts may well be very good, but may possibly not prosper having to sniff for the route to achievements. Vancouver-based CoPilot started out as a FinTech but recognized their customers—financial advisors—needed earnings-making sales prospects. They experimented with a number of formats until building the CoPilot Prospecting Dashboard (CPD). In February 2018, CoPilot AI rocketed from $5,000 a month in profits to $30,000. Even then, they struggled, whacked by challenges of developing also quickly. A testomony to braveness.

Employer of the Year Award
Ahava Electronic Team

Dr. Janét Aizenstros, Chairwoman & CEO

“Ethical” lives in Ahava’s electronic-advertising and marketing company’s DNA, from offering ethically confirmed shopper facts, to commanding a women-led consultancy “that will help shift the viewpoint of Fortune, B-corporations and media providers to improve interactions with females buyers in an intuitive way.” Dr. Aizenstros supports and promotes her 300-strong workforce via BIPOC initiatives and a comprehensive slate of benefits: from employee share-ownership plans and bonuses tied to specific effectiveness to a formal vocation-preparing method and parental depart top rated-up/childcare subsidies. 

Excellence In Diversity Award
KW Signs 

Amad Abdullah, President / Mueen Abdullah, Director / Nomar Abdullah, Director

The Excellence in Range Award celebrates a enterprise whose diversity initiatives produce an inclusive worker culture. KW Symptoms, a huge company of metal signal frames that supports over 350 distributors throughout Canada and the United States, features 26 BIPOC workers who communicate 13 languages among the them, and believes it is that range that permits the corporation to rapidly employ good talent. KW runs mentorship initiatives in the Kitchener-Waterloo spot, aiding them link with a strong job-seeker pool and encourages diverse using the services of.

Woman Entrepreneur of the 12 months Award
Cook It

Judith Fetzer, CEO

Judith Fetzer of Prepare dinner it, a Montreal-centered meal prep services, has created a flourishing firm through acumen and agility. The unique 2014 à la carte design shifted to a subscription-based mostly product in 2016 (tripling product sales). Specified the exponential raise in desire throughout the quarantine economy, the workforce alone grew to become the challenge. With approximately 200 staff members in early March, Prepare dinner it hired an external recruiting committee, who employed more than 300 new “distance candidates”.  While income revenues soared, Fetzer had to recraft company culture on the fly, introducing new initiatives, to assistance employees prosper.

International Small business Award

Allen Eaves, CEO

STEMCELL Technologies develops specialty mobile society media, cell isolation techniques and accent merchandise for exploration in dozens of fields. It provides 2,500 products straight to 22 nations and by way of a world wide network of distribution centres to 90 other nations. Vancouver-based mostly STEMCELL has a evidently assumed-out method for global enlargement and it’s obtained the get to to show it. By 2030, world wide sales are projected to be $1 billion, with an estimated 5,000 staff. 

Philanthropy Services Award
D-Squared Building

Domenic Madonna, CEO & Owner / Charles Deponte, Owner

This business has a observe file of deep involvement in its local community. In the spring, D-Squared Design pledged $25,000 worthy of of reduction, asking people today in have to have to drop a limited story in their DM’s describing their difficulties. Amounts ranging from $1,000 to $2,500 were being handed out. Through the hashtag #SPREADTHELOVE, they inspired other organizations to bounce in, far too. Even further, in its qualified program “Pave the Way”, D-Squared helps youth right in Ottawa (in partnership with United Way). Now in its third year, Pave the Way has expanded with a method termed Critical Hrs, supporting at-possibility youth in 10 of Ottawa’s most at-possibility neighbourhoods. 

Technologies Trailblazer Award

Jon Lipinski, Co-Founder & President / Yuanming Shu, Co-Founder & CEO / Shuo Tan, Co-Founder & CTO

Dr. Yuanming Shu questioned: How can AI teach a pc to interpret geospatial imagery like a human? He developed the core mapping technological know-how, which “uses details from satellites, mobile phones, drones and air imaging sensors to paint an facts-wealthy photograph of our environment,” founding Ecopia.AI in 2013 with Shuo Tan and Jon Lipinski. The objective: To generate the very first complete map of our earth, in real time. This excellent accomplishment has far-reaching implications for the acquiring world, where NGO and humanitarian organizations function without the need of accurate data about their geography. 

Thanks all over again to our astounding sponsors for creating the Expansion 2020: CEO Summit possible: Presenting sponsor, Salesforce, Class sponsor, BDC, Awards sponsor, Johnnie Walker Blue Label and Gifting sponsor, Herbaland.


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