Early stage technology companies in the province are getting improved access to scientific and technology expertise thanks to Innovacorp's new advisory council.

"I'm delighted to have a group of this calibre as a resource for us and our clients," said Clifford Gross, president and CEO of Innovacorp. "Their experience, knowledge of science and industry, and contacts in the global community will be invaluable.

"The council will also be a great platform for assessing emerging science and technology issues important to Nova Scotia's economic future."

The Science and Technology Advisory Council, which was announced today, March 16, will be made up of researchers and industry experts in fields related to Innovacorp's focus industries, including clean technology, life sciences and information technology.

Members will provide Innovacorp's clients with independent, strategic advice about relevance, quality of science, and commercialization potential. Providing Nova Scotia businesses with resources to help them compete globally is part of jobsHere, the province's plan to grow the economy.

"I am pleased to join Innovacorp's new advisory council, and I look forward to offering my expertise and perspective to the team," said Richard Murphy, president of Richard Murphy and Associates Inc. "Innovacorp's clients include some of the region's most promising and innovative emerging technology companies. I'm eager to help that community succeed."

The advisory council builds on Innovacorp's approach of using a network of external experts to complement its in-house business expertise. The Nova Scotia Crown corporation's High Performance Incubation business model has earned international recognition for helping entrepreneurs commercialize their technologies. The model incorporates incubation infrastructure, business mentoring, and seed and venture capital investment.

Joining Mr. Murphy on Innovacorp's Science and Technology Advisory Council are:
-- Richard Karsten, associate professor in the department of mathematics and statistics at Acadia University
-- Ian Hill, associate professor in the department of physics and atmospheric science at Dalhousie University
-- Diana Pliura, president of ALBRY Inc.

Additional members will be added as needed. Biographies of council members can be found atHTTP://INNOVACORP.CA/ABOUT-US/INNOVACORP-SCIENCE-AND-TECHNOLOGY-ADVISORY....

For more information, contact:

Dawn House
902.424.8670 ext. 1189

Halifax, Nova Scotia, March 16, 2011