EastMed Inc. Secures $1.5M Financing for Medical Device Innovation

EastMed Inc., a medical device company based in Halifax, has secured $1.5 million in initial financing from Innovacorp and BDC Venture Capital’s Technology Seed Investments fund, a division of the Business Development Bank of Canada.

The investment will fund clinical improvements and marketing initiatives to support the launch of the company’s new product that will be marketed under the brand name Uresta™. The product is designed to help women control stress urinary incontinence (SUI).

Medical Technology Developer Secures $4M Financing

A Halifax-based medical technology company has closed a $4 million round of financing with a syndicate of international and regional investors. Innovacorp and Canadian International Capital Inc. participated in the current offering as follow-on investors.

"This capital injection will support corporate growth by enabling us to accelerate our product rollout in the European marketplace," said Scott Campbell, CEO of Medusa Medical Technologies Inc. “The local investment funds were essential to helping us leverage investment from outside Atlantic Canada.”

Cape Breton’s Technology Sector Seeks New Recruits

Innovacorp is teaming up with local technology companies to hold a career and opportunity fair in downtown Sydney on Thursday, August 3.

"Recruiting and retaining skilled employees is one of the biggest issues facing the technology industry today," said Dan MacDonald, president and CEO of Innovacorp. "The fair will give Cape Breton technology companies visibility with local prospects, and give everyone a chance to meet, network and explore potential opportunities.”

DementiaGuide Inc. Releases Beta Version of SymptomGuide™

DementiaGuide Inc. this week introduced the beta version of its new interactive web-based tracking and management application for persons with dementia and their caregivers.

DementiaGuide Inc., a Halifax, Nova Scotia based company, is showcasing its website and web based symptom identification and tracking application, SymptomGuide™, during the International Conference on Alzheimer’s Disease and Related Disorders being held from July 15 to 20 in Madrid. Nearly 5000 researchers, 2000 oral and poster presentations and exhibitors are gathered for the conference.

Innovacorp - Proud Partner in 7th World Congress on E-Business

Innovacorp is a proud partner in the 7th World Congress on the Management of e-Business at Saint Mary’s University, Halifax, Nova Scotia, from July 13-15, 2006.

Plan to attend!

If you are an IT manager, government manager, student, business owner, COO, CFO, CEO or project manager, this conference is for you!

Learn about the latest research, trends and industry best-practices in the growing field of e-business management. Learn how to use IT more effectively in your business/organization – increase your results! Network with peers!

Innovacorp - Proud Partner in 7th World Congress on E-Business

Innovacorp is a proud partner in the 7th World Congress on the Management of e-Business at Saint Mary’s University, Halifax, Nova Scotia, from July 13-15, 2006.

Plan to attend!

If you are an IT manager, government manager, student, business owner, COO, CFO, CEO or project manager, this conference is for you!

Learn about the latest research, trends and industry best-practices in the growing field of e-business management. Learn how to use IT more effectively in your business/organization – increase your results! Network with peers!

President & CEO Takes the Plunge

Dan MacDonald lands successfully for Easter Seals Nova Scotia.

Congratulations to Innovacorp president and CEO Dan MacDonald, who successfully rappelled down the 23 stories of 1801 Hollis Street during the annual Drop Zone event for Easter Seals Nova Scotia. (See the pictures below for proof that Dan made it!)

With help from Innovacorp staff, clients, board members and partners, Dan raised more than $1,600 for this important cause.

Canada Approves Omega-3 EPA/DHA Ingredient For Most Foods

Ocean Nutrition Canada Limited (ONC), supplier of MEG-3® brand Omega-3® EPA/DHA food and dietary supplement ingredients, is pleased to announce a significant Canadian regulatory approval enabling food manufacturers to include MEG-3® brand Omega-3® (EPA and DHA) ingredients in a broad range of foods. Canadian consumers can now benefit from EPA and DHA as value added nutrition in most food products, helping consumers with improved nutrition.

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