Innovacorp is helping Canadian companies set up in one of the fastest growing tech hubs in the U.S., to provide better access to major markets abroad.
Innovacorp, Nova Scotia's early stage venture capital organization, is partnering with research and venture firm Disruption Corporation, headquartered outside Washington, D.C., to provide Canadian high-growth technology companies with access to potential new customers, investors and partners. It will also increase profile and access to prime office space.
The Canadian companies will be part of the hub for 90 to 180 days.
One of the first Canadian companies chosen is Halifax-based QRA Corp. The company's technology helps engineered system manufacturers detect design problems early in development.
"It's invaluable to position ourselves alongside American venture capital, research and advice," said Jordan Kyriakidis, co-founder of QRA Corp. "Washington, D.C., is home to some of the top aerospace, defence and technology companies in the world. This is our core market and it's an ideal place for QRA to gain exposure and penetrate the global market. It's where we want to be."
Disruption, which has extensive experience in venture, technology, and mainstream media, is impressed by the promise of Canadian start-ups, and is dedicating part of its award-winning office space to the companies.
"Canadian start-ups will be immersed in a concentrated tech ecosystem," said Paul Singh, founder of Disruption Corporation and former partner in the 500 Startups fund and accelerator in Silicon Valley. "Not only will these companies get access to the robust resources, their teams and technology will also get new visibility among investors, corporates and other key influencers in a company's long-term success."
Disruption's office is a hub for technology events and gatherings, including start-up pitch competitions, networking sessions, funding seminars and leadership dinners.
"Nova Scotia has a host of companies that could benefit from this initiative with Disruption," said Dawn Umlah, investment manager at Innovacorp. "It is a catalyst for companies to expand their opportunities as it relates to customers, partnerships, investment and talent, all while working alongside other high-potential companies in a similar growth phase. This partnership is exactly what we need to bolster our start-ups."
To be eligible, Canadian start-ups must be backed by a reputable, venture capital organization, have some revenue, and have demonstrated initiative.
Interested companies must contact Innovacorp.
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Halifax, Nova Scotia, December 16, 2014