Organization: Innovacorp

The Short Report, June 19, 2019 – Research chairs, cybersecurity, Strategic Innovation Fund

Science and Sports minister Kirsty Duncan has announced over $275 million for 346 new and renewed Canada Research Chairs at 52 institutions across Canada. It was the most gender diverse competition yet: 47% women, 22% visible minorities, 5% persons with disabilities, and 4% Indigenous peoples. The Canada Foundation for Innovation is contributing another $5.2 million…

Malcolm Fraser

Malcolm Fraser has been appointed CEO and president of Innovacorp, an early-stage venture capital firm based in Nova Scotia, effective this October. Fraser, a technology entrepreneur, takes over from Stephen Duff, who served as Innovacorp CEO and president from 2013. Fraser founded ISL Internet Solutions Ltd., a digital agency which was later renamed MODE, in…

Atlantic Canada VC fund swells to $37.5 million

Moncton-based Technology Venture Corp (TVC) and the Government of Prince Edward Island have joined a (still unnamed) new Atlantic Canada venture capital fund, boosting the committed total to $37.5 million. TVC is contributing $5 million to the fund while PEI is contributing $2.5 million. The Nova Scotia and New Brunswick governments have already committed $15…

Nova Scotia considers launching new VC fund

Nova Scotia is exploring the possibility of launching a privately operated venture capital fund to target the region’s opportunities in clean technology, life sciences, information technology and other high-tech sectors. If the proposed fund is greenlighted, the province will use some of the $30 million it committed last year to Nova Scotia First Fund, managed…