Today, Nova Scotians proved there is no shortage of innovation happening right here, as Innovacorp received 133 submissions to its I-3 Technology Start-Up Competition.

The submission breakdown is as follows:

“We exceeded the number of submissions received in the 2007-2008 I-3 competition,” said Dan MacDonald, president and CEO of Innovacorp. “Based on the inquiries and the general buzz leading up to the deadline, we are very much looking forward to the next step in the process.”

A six-person judging panel in each zone will include representatives with relevant private-sector start-up business expertise. The judges will evaluate each entry based on the quality and significance of the business idea, the addressable market and strategy, the strength of the management team, and financial viability. The judges will deliberate and select a shortlist of five submissions from each zone to move forward to round two. The shortlist will be announced on the evening of October 22. Shortlisted businesses will have until November 19 to submit a full business plan.

Innovacorp helps early stage Nova Scotia companies commercialize technologies and succeed in the global marketplace. Innovacorp's High Performance Incubation (HPi) business model is recognized internationally as a "best practice" technology commercialization approach. It incorporates incubation infrastructure, business mentoring, and seed and venture capital investment. Innovacorp engages high-potential, early stage companies to provide hands-on business guidance, customized to address specific business challenges. Innovacorp focuses on companies with innovative proprietary technology and/or service offerings.

For more information, please visit the Innovacorp website at www.innovacorp.ca.

Contact:

Teri Sproul, Innovacorp 
T: 902-424-8670 ext. 1155
E: tsproul@innovacorp.ca

April MacLeod, Innovacorp
T: 902-424-8670 ext. 1177
C: 902-441-9198
E: amacleod@innovacorp.ca

October 8, 2009, Halifax, Nova Scotia