Nova Scotia Community College and Innovacorp are teaming up to support potential geomatics, IT and clean technology businesses in the western Annapolis Valley.

The Strategic Alliance Agreement, signed Tuesday, June 28, by Innovacorp president and CEO Clifford Gross and NSCC president Don Bureaux, will help attract emerging companies to the business incubation space at NSCC's Annapolis Valley Campus in Middleton.

The campus started its incubator – Ingeonuity – about three years ago after graduates and community entrepreneurs asked for support to kick-start their business ideas. The facility was funded by all levels of government and supported by the regional development agency and ESRI Canada. It offers flexible office space, administrative resources and meeting rooms.

The new agreement with Innovacorp will ensure the facility can be maintained for years to come and will allow companies access to business services at Innovacorp's Halifax and Dartmouth incubation sites.

"We're thrilled NSCC's facility at the Annapolis Valley Campus will now have the backing of Innovacorp, the experts in business incubation," said Mr. Bureaux. "With the agency's leadership and the energy and resources of campus faculty and staff, we know that the rebranded, refreshed facility within the campus can help generate success for more entrepreneurs and strengthen economic development."

Innovacorp is Nova Scotia's technology commercialization agency, helping high-potential, early stage companies succeed in the global marketplace. The organization's High Performance Incubation business model is an internationally recognized approach to technology commercialization, combining incubation infrastructure, business mentoring, and seed and venture capital investment.

"We are pleased to expand Innovacorp's reach," said Mr. Gross. "There are exciting things happening in geomatics and related sectors in this part of the province and we'd like to be part of its commercial development."

Geomatics includes tools and techniques used in surveying, cartography, geography, GPS imaging and other areas.

Innovacorp will seek an investment professional, who will be based at the Annapolis Valley Campus incubation site. The investment analyst role will be to find seed and early stage investment opportunities in the area.

For more information, contact:

Kathleen Cameron
T 902.491.4899
M 902.499.7844  

Dawn House
T 902.424.8670 ext. 1189
M 902.456.9705

Halifax, Nova Scotia, June 30, 2011