Co-packaging is a small but growing sector of the multi-million dollar consumer goods packaging industry where many companies still use paper and pencil to monitor production and share information with suppliers.
Toronto start-up, Nulogy
, is the first ever company to create a custom cloud-based tool, PackManager, allowing large manufacturers, like L’Oreal and Hershey’s, to collaborate virtually with their suppliers, like DHL - reducing costs and improving efficiency, flexibility, traceability and compliance.
When the founding team met with CCR's commercialization specialists in 2009, they were encouraged to pursue their business idea. A CCR Embedded Executive investment followed, placing a seasoned sales executive on their team during a crucial time.
Nulogy has since secured four patents and over $3 million in follow-on investment from Klass Capital, FedDev and the Export Market Access program. The company doubles in growth year after year.
A truly global company, 90 per cent of Nulogy’s clients are now outside of Canada. The company plans to roll-out PackManager in four languages and six European countries by end of year.
Nulogy has won many awards, most recently it was named as one of the Top Three Fastest Growing Companies at the 2011 Up Awards, and York Technology Alliance’s (YTA) Technology Leadership Award for Scale-Up Company of the Year in 2012.
“CCR helped us in a number of ways. The first was through the Embedded Executive program which was very valuable in helping us bring on board an experienced sales executive. Secondly, it allowed us to get more exposure, and thirdly, CCR provided strategic and tactical advice related to growth and financing.” —Jason D. Tham, CEO, Nulogy
Return on Innovation
- Currently over 40 employees
- Plans to hire another 22 skilled Canadian graduates in the next two years
OCE©2012 Last updated 10/2012