Organization: Univ of Alberta

AVAC invests in natural health company

AVAC Ltd has invested $2.9 million in SinoVeda Canada Inc to assist the company’s development of human phytomedicinal products. One of its potential products for the treatment of osteoporosis uses red clover, which is currently grown only for livestock grazing. The Edmonton-based company is also developing a Chinese herbal ingredient to prevent and treat angina…

GSK endows research chair at Univ of Manitoba

GlaxoSmithKline (GSK) is contributing $1 million to the Univ of Manitoba to establish an endowment for a research chair in the immunobiology of infectious disease. The funds will be used to establish the chair and recruit a top researcher as chairholder. The GSK endowment is part of the company’s $22-million initiative — Pathfinders Fund for…

StatoilHydro invests in university R&D

Norway’s StatoilHydro has entered into an $8-million, five-year R&D collaboration with one Norwegian and three Canadian universities to support PhD students in exploring more environmentally friendly methods for extracting heavy oil and oil sands. The Canadian universities will collaborate with the Norwegian University of Science and Technology within their respective areas of expertise. The Univ…

Alberta opens nanotech commercialization centre

The Alberta and federal governments are contributing $8 million and $3.5 million respectively to establish the Alberta Centre for Advanced Microsystems and Nanotechnology Products (ACAMP) in Edmonton. The Centre plans to assist the province’s nascent nanotech sector by supporting commercialization in the areas of packaging and assembly, business and product development and marketing. ACAMP will…

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,…

Feds establish CSA advisory committee

The federal government has created the Advisory Committee on the Canadian Space Agency, a new body formed to provide advice on space and the priorities and overall direction of the CSA. The committee will work with interim CSA president Guy Bujold to advise Industry minister Jim Prentice on current expenditures and the potential for future…

AHFMR awards $59 million for health research

The Alberta Heritage Foundation for Medical Research (AHFMR) has awarded $59 million to 54 researchers. The recipients will receive the awards over seven years and are considered among the richest and lengthiest health research awards in Canada. The Univ of Alberta received $29 million for 32 of its researchers while 24 researchers at the Univ…

Genome researchers tackle mountain pine beetle

Genome British Columbia and Genome Alberta are providing $4 million for an initial two-year study into the mountain pine beetle, the fungal pathogen it carries and pine trees. Led by Dr Joerg Bohlmann (Univ of British Columbia) and Dr Janice Cooke (Univ of Alberta), the project is expected to expand after the first phase with…

BioMS Medical strikes major deal with Eli Lilly

Edmonton-based BioMS Medical Corp has struck a major licensing and development agreement with Eli Lilly and Co, Indianapolis IN to develop its multiple sclerosis compound. The deal — one of the largest in Canadian history for a single compound — calls for an $87-million upfront payment, development and sales milestone payments of up to $410…

U of A to launch services science research project

A cyber-infrastructure research project to be conducted at the IBM Alberta Centre for Advanced Studies at the Univ of Alberta has received nearly $500,000 in funding. The project will focus on services science to assist firms and other organizations using information technology (IT) to improve service delivery. The project adds services sciences to IBM Centre’s…