CarbonCure Technologies Secures $1.1-Million Venture Capital Investment

n innovative Halifax company creating some of the most environmentally friendly concrete in the world is taking its product to market with an investment from the province.

CarbonCure Technologies Inc. has secured $1.1-million in venture capital from Innovacorp.

The investment closes a $4-million round of financing. Innovacorp joins several North American investors in the green building and construction sectors.

Innovacorp Announces Senior Management Changes

Innovacorp president and CEO Clifford Gross is leaving the organization, Innovacorp announced today, Feb. 22. Jacquelyn Thayer Scott, current chair of Innovacorp's board of directors, will act as interim CEO.

"Innovacorp's board of directors is pleased with Cliff's contribution over the past year in refining Innovacorp's business model. He worked to ensure all activities are investment-led, which improves assistance provided to early-stage, knowledge-based companies in Nova Scotia," said Ms. Scott.

Highlights from the I-3 Competition Awards Event

On February 8, 2012, over 250 Nova Scotians celebrated innovation and entrepreneurship in the province at the World Trade and Convention Centre in downtown Halifax. That evening, Innovacorp announced DeNovaMed Inc. as the provincial winner of the I-3 Technology Start-Up Competition, and celebrated the 1st and 2nd place award winners from the competition's five provincial zones. Check out the sights from the evening.

Highlights from the 2011/12 Acadia University Robot Programming Competition

The Robot Programming Competition’s mission is to foster interest in computer programming, science, math, problem solving and teamwork among students in both junior and senior high schools. Acadia University hosted a championship tournament in Wolfville, on February 4, 2012, where teams from across the province were given an opportunity to demonstrate their creative solutions to multiple challenges.

Below are the highlights from the event:

The overall winner of the First LEGO League (FLL) competition was team EIJ from the Falcon Academy of Robotics.

I-3 Zone Winners 2011-2012

Innovacorp has announced the first- and second-place award winners in the 2011-2012 provincial I-3 Technology Start-Up Competition, an innovative competition to find and support high potential Nova Scotia knowledge-based businesses.

First-place zone winners each receive a $100,000 combination of cash and in-kind services from firms in their zones to help further develop their start-ups. The second-place winners get $40,000 combinations.

Innovacorp Announces I-3 Technology Start-Up Competition Winners

Nova Scotia start-ups with technology to clear clogged drains, a construction innovation to reduce mould and wood decay, a time-delayed bait dispenser, compounds that could treat superbug infections, and nanotechnology to enhance analytical chemistry labs have each won $100,000 in cash and in-kind services.

(NOTE: A brief description of each of the winners is available at HTTP://INNOVACORP.CA/I-3-ZONE-WINNERS-2011-2012.)


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