Organization: McGill Univ

McGill spin-off secures $3.5 million in financing

DFT Microsystems Canada Inc has secured $3.5 million in financing from a group of venture capitalists to move into full manufacture of its second-generation instruments and prepare for future growth. The funding was provided by Fondaction, iNovia and Zon Capital. The Montreal-based firm develops testing equipment for high-speed semiconductor device interfaces at a fraction of…

Sequenom certifies McGill genome innovation centre

San Diego-based Sequenom Inc has certified McGill Univ and Genome Quebec Innovation Centre as its first centre of excellence for genotyping technology. The certification will ensure high quality data from genotyping applications using Sequenom’s MassARRAY systems, two of which are located at McGill. Genome Quebec will soon begin testing for qualification of Sequenom’s methylation services….

iNovia inks agreements with Alberta institutions

iNovia Capital — formerly MSBi Capital — is implementing its strategic plan to expand beyond its Quebec base with a series of collaborative agreements with several academic institutions, primarily in Alberta. The seed and early-stage venture capital fund recently launched its $107-million iNovia Investment Fund II LP and has signed cooperation agreements with AVAC Ltd,…

McGill launches record-setting fundraising campaign

McGill Univ has kicked off the largest university fundraising campaign in Canadian history with a $500-million goal over five years. Its aim is to move McGill into the ranks of the world’s best universities and enhance its position as a leading research institution. In the three years prior to its public launch, the campaign has…

CFI announces Leaders Opportunity Fund awards

The Canada Foundation for Innovation (CFI) has announced the winners of its Leaders Opportunity Fund. Of the $39 million in awards, $32.6 million went to 207 research projects. The remaining $6.5 million was awarded under the Infrastructure Operating Fund to assist institutions with costs associated with the new projects. Ontario received the largest share ($14.2…

McGill Univ’s health research institute moves to BRI

The research institute encompassing McGill Univ‘s five teaching hospitals is moving into the National Research Council‘s Biotechnology Research Institute (BRI). The agreement between BRI and the Research Institute of the McGill University Health Centre (RI-MUHC) is being hailed as a first between a university and a federal agency. RI-MUHC will benefit from BRI’s modern facilities…

CMC Microsystems opens second collaboratory centre

CMC Microsystems has officially opened the second of four specialized laboratories that comprise the $23-million National Microelectronics and Photonics Testing Collaboratory. Located in Winnipeg at the Univ of Manitoba, the $1.9-million Advanced RF Systems Laboratory will be accessible to researchers across Canada and beyond over CA*net 4, the high-speed research network owned and operated by…

GrowthWorks invests $9.5 million in high-tech firms

GrowthWorks Canadian Fund is investing $9.5 million in three high-technology firms. The latest investments are in: Advanced Glazings Ltd ($2.5 million), Sydney NS, a manufacturer of insulated glass units; SaskAlta Base Oils Corp ($2 million), Calgary, which recovers and refines hydrocarbon resources from feedstock; and, Viron Therapeutics Inc, London ON ($5 million), an early stage…

Mimetogen Pharmaceuticals receives series A financing

McGill Univ spinoff Mimetogen Pharmaceuticals Inc has received series A financing from a venture capital consortium led by Boston-based VIMAC Milestone Medica Fund. Also participating is original investor MSBi Capital, a seed and early-stage fund created to commercialize technologies from McGill, Univ of Sherbrooke and Bishop’s Univ. Mimetogen is currently developing therapeutic approaches for small…

Tenrox receives $4.6 million in VC from Novacap Inc

Tenrox Inc has received $4.6 million from Novacap Inc, a Longueuil PQ-based private equity and venture capital firm to further develop its Microsoft-based software for the tracking and accounting of business projects and processes. In 2003, Tenrox overhauled its product offering, moving from client-server to web-based applications. At that time, Tenrox moved its corporate headquarters…