Charlottetown’s BioVectra, which manufactures pharmaceutical ingredients and is owned by Miami-based private equity firm H.I.G. Capital, has been included in Waterloo incubator Communitech’s inaugural Team True North list of startups that are on track to reach $1 billion in annual revenue.
To qualify for the 35-company list, businesses must show growth rates equal to the top one percent of fastest growing startups worldwide, although a press release from Communitech did not specify by what metric that criteria is judged. BioVectra is the only Atlantic Canadian company to make the list.