FOR IMMEDIATE RELEASE
Carbon Block™ Selected to Participate in the CDL 2019/20 Cohort
Winnipeg, MB, Canada – September 1st, 2019 – Carbon Block™, a SaaS company developing blockchain solutions for the carbon markets, announced their acceptance into the 2019/2020 Blockchain stream of the Creative Destruction Lab (CDL) program at the University of Toronto’s Rotman School of Management.
“The Carbon Block™ team is very excited to have been selected to be part of the 2019-20 cohort in the CDL Blockchain incubator. This represents a major milestone in Carbon Block’s™ development, and we can’t wait to meet other founders along with the incredible depth of talent in the mentor pool. This intensive program is really going to take the company to the next level,” says Alex, Stuart, President & CEO.
About Carbon Block™
Carbon Block™ uses patent pending technology to automate the environmental audit in order to create high-quality, compliance grade ISO compliant environmental audits. Their first application is to create carbon offsets where the traditional manual environmental audit would be cost prohibitive. Enabling environmental compliance, while connecting investment to decarbonization activities is a win-win-win for regulators along with buyers and sellers of carbon offsets.
About the Creative Destruction Lab
The Creative Destruction Lab (CDL) is a seed-stage program for massively scalable, science-based companies. The nine-month program employs an objectives-based mentoring process with the goal of maximizing equity-value creation. The CDL is particularly suited to early stage companies with links to university research labs. Launched in 2012 at the Rotman School of Management at the University of Toronto, the program has now expanded with locations in Vancouver, Calgary, Montreal, Halifax, and New York City. Companies that graduated from the Lab’s first five cohorts between 2012 and 2020 have generated more than $2.5 billion (CAD) in aggregate equity value. CDL graduates include Atomwise (San Francisco), Deep Genomics (Toronto), Thalmic Labs (Waterloo), Nymi (Toronto), Automat (Montreal), BenchSci (Toronto), Kyndi (Palo Alto), Kepler (Toronto), and Heuritech (Paris).
All media inquiries may be sent to:
Justin Phillips, VP Marketing & Business Development