New Technology Start-Up Competition Launches in Cape Breton

New technology companies based in Cape Breton and the Mulgrave area have a chance to compete in a new competition offering mentoring and funding to help them develop their products.

Spark Cape Breton, launched today, Jan. 9, is a competition that finds and supports high potential, early-stage knowledge-based companies, and encourages entrepreneurial activity in the region.

Early Stage Commercialization Fund: 2013-2014 Funded Projects

Fall 2013 Round

Acadia University

Researcher: Sherri A. McFarland
Project: Natural Products for Photodynamic Inactivation of Microorganisms

Capital District Health Authority

Researcher: Melanie Kelly and Mary Lynch
Project: Novel Formulation for Ocular Pain

Dalhousie University

Researcher: Christopher McMaster
Project: Toward the Development of a New Class of Gram Negative Antibiotics

Researcher: Sultan Darvesh
Project: An Early Diagnostic Marker for Alzheimer’s Disease

CarbonCure Gears Up for Growth with Series B Financing

Halifax-based CarbonCure Technologies Inc. announced today that it has closed a $3.5 million Series B financing round led by BDC Venture Capital. Other investors include Eagle Cliff Partners, Innovacorp, 350 Capital and strategic investors.

Proceeds from the current round of funding will accelerate the company’s growth by expanding the technology application from masonry to precast and ready mix, and further increase its customer base across North America.

Immunovaccine Raises $4.2 Million in Private Placement

Immunovaccine Inc. (“Immunovaccine” or “IMV”) (TSX-V: IMV), a clinical stage vaccine and immunotherapy company, has closed the previously announced private placement of its securities, raising gross proceeds of $4.2 million (the “Private Placement”). Under terms of the financing, a total of 10,511,209 common shares (the “Common Shares”) of Immunovaccine were sold at a price of $0.40 per Common Share.

Net proceeds from the Offering will be used for general corporate purposes.

Innovacorp Announces Round Two Participants in the I-3 Technology Start-Up Competition

Innovacorp today announced the list of Nova Scotia start-ups moving on to round two of the I-3 Technology Start-Up Competition.

“We were incredibly impressed by the caliber of submissions we received this year from across the province and across a variety of technology sectors,” said Stephen Duff, president and CEO of Innovacorp. “It made for very challenging work for the judges in each of the five I-3 zones. We are grateful for the enthusiasm and participation of all the I-3 competition entrants, and we offer our congratulations to the finalists in each zone.”


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