After a software company founded by Aditya Jha was acquired by Sun Microsystems for $100 million, he co-founded another software product company, Osellus, which has designed software to automate the software development process.
Their number one competitor is IBM. “It shows there is value to our product,” says Jha, who also owns a chocolate factory.
He says that when people are rewarded, the temptation is to think how smart they are. “But I was aware of the fact that my education and my exposure to great ideas were factors in my success and I wanted to use my wealth – but more than my wealth, my confidence – to help others.”
To this end, Jha founded POA Educational Foundation. POA has created endowments worth close to a million dollars at Ryerson University, Trent University and George Brown College. Jha also runs a unique initiative in the area of venture philanthropy to nurture entrepreneurship within the aboriginal community of Canada.