Bioenterprise Corporation is pleased to announce it will be opening its fourth office, in Halifax, Nova Scotia. Bioenterprise has established a two-year strategic partnership with Innovacorp for the commercialization of agricultural technologies and innovations.

“Partnering is the foundation of Bioenterprise's expansion strategy and doing so with a leading organization like Innovacorp, results in an exceptionally strong commercialization engine for the region,” explains Dave Smardon, president & CEO of Bioenterprise Corporation.

“Expanding our footprint enables us to provide our comprehensive commercialization services to a much wider range of entrepreneurs and gives Bioenterprise critical links to universities, local incubators and strategic partners.”

“Bioenterprise’s deep domain expertise and global network in the agri-technology sector will add great value to our portfolio of companies. Together we will be committed to the growth and market success of start-ups in Nova Scotia and the entire region,” says Stephen Duff, president and CEO, Innovacorp.

The new office in Halifax provides Bioenterprise with access to key areas of unique and innovative agri-technologies, specifically: aquaculture, forestry biomass, clean/green energy as well as some of the more traditional areas of agriculture such as fruits, vegetables and derivative food products. The collaboration between Bioenterprise and Innovacorp will ensure that agri- entrepreneurs and businesses have access to the highest quality and range of commercialization services.

Headquartered in Guelph, Ontario, with an office located in downtown Toronto, this announcement follows a recently opened, third office in Charlottetown, PEI, last month.

“Ultimately, our goal is to continue to take Canadian innovation to the global market and drive economic returns to the region, and Canada,” says Mr. Smardon.

Bioenterprise Corporation’s national expansion is supported by the Canada Accelerator and Incubator Program (CAIP), delivered by the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). The funding announcement was made in Guelph earlier this year by the Honourable Diane Finley, Minister of Public Works and Government Services.

About Bioenterprise Corporation
Bioenterprise Corporation is a non-profit business accelerator, offering commercialization services to help promote the creation, growth and expansion of businesses in the agricultural technology sector. Dedicated to transforming cutting-edge ideas into commercial success, Bioenterprise provides business services, scientific and technical expertise, industry knowledge and global connections. www.bioenterprise.ca

About Innovacorp
Innovacorp is Nova Scotia's early stage venture capital organization, working to find, fund and foster innovative Nova Scotia start-ups that strive to change the world. Early stage investment is at the core of the business model. Innovacorp also gives entrepreneurs access to world-class incubation facilities, expert advice and other support to help them accelerate their companies. Target industries include information technology, life sciences, clean technology and oceans technology. www.innovacorp.ca

For more information, please contact:

Jennifer Kalanda
Bioenterprise Corporation
519.821.2960 x 248
jennifer.kalanda@bioenterprise.ca

Dawn House
Innovacorp
902.424.8670 x 1189
dhouse@innovacorp.ca

Guelph, Ontario, June 18, 2015