Province to Explore Creation of Regional Venture Capital Fund

Companies involved in clean technology, life sciences, information technology, and other high-growth sectors may soon have a new source of venture capital.

Premier Darrell Dexter recently announced at the 2010 Power of Green Conference, that Nova Scotia is exploring forming a privately operated venture capital fund, targeting opportunities throughout Atlantic Canada.

"Knowledge-based companies create good jobs, help grow the economy, and are vital to the future prosperity of Nova Scotia and all of Atlantic Canada," said Premier Dexter.

Tether to Battle Breast Cancer

The BlackBerry application company will donate a portion of its revenues for one week to the Canadian Breast Cancer Foundation – Atlantic Region.

Tether, the Nova Scotia company that provides customers with dependable internet access through their smartphone data plan anywhere there is cellular coverage, announced today that it will donate a portion of its sales for the week of October 22 to 28 to the Canadian Breast Cancer Foundation – Atlantic Region.

Back-to-School Season Spurs Sales of Special Needs Tool

PIDA IMP Ltd., designers of a unique sensory tool for children, is forging ahead with the increased demand for its innovative line of wearable, chewable Kid Companion fidgets.

“We’re really delighted with the momentum we have just now,” said Pierrette d’Entremont, product designer and principal owner of PIDA. “The positive product reviews, media interviews, and inquiries from all over the world have been fabulous. Then there’s the heartfelt positive response from parents and health professionals – that’s been overwhelming.”

Seaforth Energy Inc. Announces Italian Business Expansion

Seaforth Energy Inc. announces the expansion of its Italian business with their distribution partner Fenyx. Fenyx has deployed two AOCs in Italy already and now has placed a further order for four additional AOC 15/50s for its clients.

“The AOC 15/50 is a proven wind turbine and its dependability and durability are critical for our customers,” said Andrea Toma, manager for Fenyx in Italy. “Its global deployments and 15+ year track record of certified power production make it an excellent solution for our clients and agents in Italy.”

Seaforth Energy Inc. Secures $2 Million Financing

Seaforth Energy Inc., a leading wind turbine manufacturer and renewable energy integrator, has secured $2 million in financing from Innovacorp, the Business Development Bank of Canada (BDC), Seaforth Engineering Group, and private investors.

The funds will be used to accelerate the company's export growth in new markets and scale up operations as it delivers on its committed backlog of orders.

e-academy CEO Appointed to Telefilm Canada

The Honourable James Moore, Minister of Canadian Heritage and Official Languages, today announced the appointment of Ram Krishna Raju as a member of Telefilm Canada.

"I am delighted that Mr. Raju has accepted this appointment," said Minister Moore. "Telefilm Canada will undoubtedly benefit from his strong leadership, dynamism, extensive knowledge, and experience in the digital and information technology industry."

Call for Applications - Innovacorp Board Members

Innovacorp helps high potential early stage Nova Scotia companies commercialize their technologies and succeed in the global marketplace. Our High Performance Incubation (HPi)™ business model incorporates incubation infrastructure, business mentoring, and seed and venture capital investment. HPi is recognized internationally as a best practice technology commercialization approach.


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