MSBi Capital changes name to iNovia Capital

MSBi Capital has changed its name to iNovia Capital, broadening its network of academic partner institutions and expanding its business model beyond the Montreal region. MSBi was created in 2002 with funding from Valorisation-Recherche Quebec (VRQ) with $11 million in seed funding to commercialize technologies from McGill Univ, Sherbrooke Univ and Bishop's Univ. It is one of four valorisation organizations capitalized by VRQ, which expired last year after it failed to secure new provincial funding.