Organization: Working Opportunity Fund

Neurostream acquired by Victhom Human Bionics

Neurostream Technologies Inc, a Port Coquitlam-based spin-off from Simon Fraser Univ, has been acquired for $7.2 million by Victhom Human Bionics Inc of Quebec City. Neurostream founder Dr Andy Hoffer will continue as director of research and join the firm’s scientific advisory board. Publicly traded Victhom acquired Neurostream by issuing 4.529 million shares at $1.58…

Inimex receives US$4.5 million in venture financing

Vancouver-based Inimex Pharmaceuticals Inc has received US$4.5 million in syndicated financing for the lead optimization and pre-clinical development of the first drug based on its innate immunity technology platform. The investment was made by a financing syndicate led by BDC Venture Capital and including the Canadian Medical Discoveries Fund and Working Opportunity Fund. Inimex’s platform…

BC government opens labour-sponsored VC market

The British Columbia government has moved quickly to implement a recommendation to open up the market for labour-sponsored venture capital (LSVC) funds but has retained the cap on the relevant provincial tax credit at $12 million. Legislation enabling competition in the LSVC sector was introduced May 14, just weeks after a report by the Premier’s…