Innovacorp Wins International Award

Innovacorp has won one of the highest international honours for its work in helping new businesses.

Stephen Hartlen, Innovacorp's interim president and CEO, accepted the National Business Incubation Association's international award for its work in the business incubation industry on May 18, at the association's annual international conference in Orlando, Florida.  

"This award represents the hard work of our dedicated and professional staff, and our partners and clients," said Mr. Hartlen. "Combined with our compelling economic, client satisfaction, and leading indicator measurements, this award tells us that our High Performance Incubation business model is globally competitive."

Transportation and Infrastructure Renewal Minister Bill Estabrooks, acting on behalf of Economic and Rural Development Minister Percy Paris, congratulated the corporation on receiving this distinction.

"Innovacorp plays an important role in business growth in our province," said Mr. Estabrooks. "It helps Nova Scotia-based knowledge companies sell their technologies and succeed in the global marketplace. This helps create good jobs and grow our economy."

The association is regarded as the world's leading organization for helping business startups and entrepreneurship. It is based in Ohio and represents more than 1,900 members across 66 nations.

"Innovacorp is truly a world-class organization," said David Monkman, president and CEO of the National Business Incubation Association. "The organization's unique approach to helping early-stage companies, combined with its in-house expertise and solid network of partners and stakeholders around the globe, makes it more than worthy of this top honour."

Innovacorp helps Nova Scotia entrepreneurs prosper in the global marketplace through its High Performance Incubation business model, which is based on a unique approach of incubation infrastructure, business mentoring, and seed and venture capital investment. Its key industries include information technology, life sciences, and clean technology.

"We continuously refine our business model and assess ourselves against other models around the globe," said Dr. Jacquelyn Thayer Scott, chair of Innovacorp's board of directors. "It's very gratifying when the premier international organization in our sector recognizes what we do as being best in class."

The prestigious award honours business incubation programs that demonstrate the National Business Incubation Association's principles and practices of successful business incubation. Previous winners have come from Silicon Valley, Paris and Taiwan.

For more information contact:

Jennifer Guy
T 902.424.8670 ext. 1197
C 902.225.7284

Halifax, Nova Scotia, May 18, 2010

Note: Innovacorp won two awards - the Randall M. Whaley Incubator of the Year Award and the Dinah Adkins Incubator of the Year Award.

For more information about the awards and the National Business Incubation Association, visit