Province of Nova Scotia Invests in Clean Technology Venture Fund

Innovative Nova Scotia companies will have better access to capital thanks to a $2-million investment in a fund designed to support high-performance clean technology companies.

Premier Darrell Dexter announced today, Oct. 21, at the Power of Green Conference, that the province, through Innovacorp, has made the investment in the Cycle Capital fund. The $80-million Cycle Capital fund makes investments in high-potential clean technology opportunities, primarily in eastern Canada.

ImmunoVaccine Technologies Appoints New CFO

Immunovaccine Technologies (IVT), a vaccine development company, announced today that it has appointed Gary Dodge, CA, as Chief Financial Officer.

Reporting to president and CEO Dr. Randal Chase, Mr. Dodge will oversee IVT’s accounting and financing activities. Mr. Dodge also becomes a part of the company’s executive management team, which directs all aspects of company strategy, planning, and operations.

Canadian Solar Company Forms European Partnership

Halifax-based Green Power Labs Inc., a leading Canadian solar energy assessment and consulting firm, has announced a new partnership agreement with CHELONIA SA, based in Lugano, Switzerland.

CHELONIA is an energy consulting, engineering and management company with international operations.The firm develops and invests in a wide variety of green energy businesses, assets and technologies. Since 2002, CHELONIA has developed several renewable energy projects for institutional and private clients.

EastMed Inc. Signs Canadian Distributor for its Flagship uresta® Product

EastMed Inc., the medical manufacturing company responsible for the uresta® Continence Care kit, welcomes Superior Medical as its Canadian distribution partner.

“We are delighted to sign an exclusive deal with Superior Medical to distribute the uresta® product across Canada.” said Dr. Scott Farrell, EastMed Founder, VP Medical and head of the urogynaecology division at the IWK Health Centre.

Innovacorp Welcomes Prescribed Solutions Consulting Inc.

The staff and clients at Innovacorp would like to welcome Prescribed Solutions Inc.

The cost of prescription drugs continues to rise at an alarming pace, resulting in substantial increases to health benefit plans.Benefit premiums are growing, co-payments are increasing, and restrictions to therapeutic options are climbing. Add to this an aging population, and sustaining a prescription drug benefit plan will become even more challenging.

IVT Collaborates with Defence Research & Development Canada

ImmunoVaccine Technologies Inc. (IVT), a vaccine development company, has announced the signing of a 3-year research agreement with Defence Research and Development Canada (DRDC). The research collaboration involves the preclinical application of IVT’s DepoVax™ vaccine formulation to anthrax antigens to explore new methods to prevent, prepare for, and respond to biological  threats.

Innovacorp Nominated for International Award

Innovacorp has been named one of two finalists for the National Business Incubation Association's 2009 international award for work with start-up businesses.

The award recognizes the world's best methods to help new companies commercialize innovations and overcome hurdles. Previous winners have come from Silicon Valley, Paris and Taiwan.

The National Business Incubation Association is the world's leading organization for helping business start-ups and entrepreneurship. It is based in Ohio and represents more than 1,600 organizations in 40 countries.

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