Innovacorp today announced the finalists in the I-3 Technology Start-Up Competition.
In each of the five geographic zones, three finalists will compete for first and second place award packages, worth $100,000 and $40,000 respectively, made up of cash and in-kind business building services. The companies will pitch their start-up business plans to the I-3 judging panels in mid January.
“The top 15 companies, each with their own unique and high potential offering, reflect the high level of innovation happening across Nova Scotia,” said Dan MacDonald, president and CEO of Innovacorp. “It’s been fascinating to sit with the 20 highly capable private sector judges across the province and hear the perspectives of others around the table.”
The three finalists in each zone were chosen from among five semi-finalists selected from the 133 original submissions from across Nova Scotia. Finalists were chosen based on a detailed business plan submission.
The I-3 competition finalists are:
Zone 1: Pictou, Cumberland, Colchester, Antigonish and Guysborough counties
LST Energy Inc.—Jim Trussler, Gus Swanson and Philip Landry, Pictou – An innovative biomass furnace that can efficiently burn grass/hay-based pellets designed for both residential and industrial applications.
Performance Genomics Inc.—Donald Crober, Truro – A DNA-based predictor of reproductive performance that has application in livestock, including dairy cattle.
X-Flux Environmental Technologies Inc.—David Risk, Antigonish – Real-time monitoring of carbon dioxide emissions from underground carbon capture and storage facilities.
Zone 2: Lunenburg, Queens, Shelburne and Yarmouth counties
Gateway Geomatics—Jeff McKenna, Lunenburg – A software tool for publishing spatial information to the Internet using the Open Source MapServer Product, focused on Microsoft Windows users.
Ocean Leader Fisheries Ltd. —Milton LeBlanc and Bruce LeBlanc, Lower Wedgeport – An anti-inflammatory sea cucumber extract for the companion pet market.
Xona Games—Matthew Doucette and Jason Doucette, Yarmouth – An award-winning XBOX 360 game developer.
Zone 3: Digby, Annapolis, Kings and Hants counties
Clare Machine Works Ltd.—Vince Stuart, Meteghan Centre – An innovative mobile approach to refurbishing high value oil and gas industry drilling components.
Compilr—Patrick Hankinson, Weymouth – A mass market software code development collaboration and compiler system.
Fireworks FX Inc./Solar Flare Inc.—Fred Wade, Grand Pre – An electric ignition system for fireworks display that solves serious safety related issues.
Zone 4: Halifax Regional Municipality
Carbon Sense Solutions Inc.— Robert Niven, Halifax – Advanced concrete curing technology which improves production economics and material properties, and reduces green house gases.
Tether— Tim Burke and Stephen Hankinson, Halifax – A mobile connectivity solution for laptops via connectivity through BlackBerry and other smartphones.
VoIP Solutions— Peter Woodford, Eamonn Oldham and Larry Hicks, Halifax – An enhanced 911 solution for Voice over Internet Protocol (VoIP) enabled phones which ensures emergency calls are sent to the appropriate 911 call center and include the correct address of the emergency, enabling dispatch of 911 emergency responders to the proper location.
Zone 5: Victoria, Cape Breton, Inverness and Richmond counties
Billdidit Inc.—Joe Menchefski, Sydney, and Bill Coady, Port Hawkesbury –Music industry accessories; including the Coady Clutch, the world's first passive hi-hat drop clutch which allows drummers to engage and disengage their hi-hats during live performances.
Health Tech Outcomes—Corrine McIsaac and Charley Chiasson, New Waterford – An ehealth business process management company specializing in assisting health care organizations improve patient quality and care and reduce costs in areas such as chronic disease management.
Prescribed Solutions Consulting Inc.—Ed Fedora and Paul Graham, Sydney – A drug benefits management program.
Innovacorp ran a pilot I-3 competition in Cape Breton in 2006 and its first provincial competition in 2007, and is currently in the middle of its second provincial competition. In less than four years, the competition has received a remarkable 270 start-up company submissions, reflecting the increasingly high level of entrepreneurship happening across Nova Scotia. Further, only 19 of the 133 submissions received in 2009 are returning entrants from the last I-3 competition. The majority of the submissions fall into the high growth information technology, advanced manufacturing, life sciences and clean technology industry sectors. The majority of submissions to this year’s competition are in the prototype or market stage of development. Innovacorp has begun the process of calling each individual entrant and providing constructive feedback on how they might best move forward with their initiative.
After the pitch round of the competition, the five first place winners from each zone will compete for the provincial award of $100,000 in seed investment from Innovacorp’s HPi™ Microfund.
For further details about the competition, visit HTTP://INNOVACORP.CA/2009I-3-STARTUP.
For more information contact:
Marketing & Communications
424.8670 x 1197
I-3 Project Manager
424.8670 x 1177
Halifax, Nova Scotia, December 8, 2009