Nova Scotia and New Brunswick Creating Regional Venture Capital Fund

Posted by Stephen Christensen

Atlantic Venture Capital FundNova Scotia and New Brunswick are shaking hands and investing $15 million each into a new venture capital fund.  The fund will not launch until the early part of 2012, and is designed to invest in high-growth areas, such as IT, life sciences, and green technology.

Frank Corbett, Nova Scotia’s Deputy Premier, is excited by the initiative.  “Knowledge-based companies create good jobs, expand exports and help grow the economy; they are vital to the future prosperity of Atlantic Canada.  Nova Scotia is pleased to be working with New Brunswick and across the region to provide the support these companies need to be globally competitive.”

Currently the fund is being set up and managed by Innovacorp, a venture capital and commercialization company in Nova Scotia, while Wilson Executive search is responsible for recruiting someone to manage the fund.

Company:
Innovacorp
Website:
http://www.innovacorp.ca
Location:
Halifax, Nova Scotia, Canada

Innovacorp is Nova Scotia’s early-stage venture capital organization. Our goal is to help emerging Nova Scotia knowledge-based companies commercialize their technologies and succeed in the global marketplace. We’re especially interested in the information technology, life sciences and clean technology industries. Early-stage investment is at the core of our business model, but our team is about more than just... more


blog comments powered by Disqus

Stephen Christensen

Stephen Christensen

Stephen is the Atlantic Canadian contributor for Techvibes.com; reporting Canadian technology news, with a focus on the Maritime provinces.  Having a deep-rooted interest in science and technology for much of his life, he is most interested in mobile technology and social media.  Having been published in various scientific journals, he is completing his Graduate Studies at Dalhousie University... more




Who's Hiring



Recent Comments

Powered by Disqus