Innovacorp announced Tether as the provincial winner of the I-3 Technology Start-Up competition, today,
"Innovation leading to a robust knowledge-based economy is critically important to Nova Scotia's prosperity," said Premier
"This competition has both challenged and helped our company to improve our business approach," said
The provincial I-3 Technology Start-Up competition was launched on
I-3 stands for idea, innovation and implementation, the early steps in the commercialization process. The competition identifies and supports high-potential early stage knowledge-based companies and encourages entrepreneurial activity across the province.
"Tether has a solid plan for future growth, a clear understanding of its target market, proprietary technology, and financial and operational feasibility," said Dan MacDonald, president and CEO of Innovacorp. "We look forward to playing a key role in the bright future of this company and many others."
The I-3 competition allows Innovacorp and its 29 partners to improve the business-building assistance they provide to knowledge-based companies in Nova Scotia.
In total,
Tether was selected as the provincial I-3 winner from among the five zone winners:
- Zone 1 (Cumberland, Colchester, Pictou, Antigonish and Guysborough counties): LST Energy, Jim Trussler, Gus Swanson and Philip Landry, Pictou - Zone 2 (Lunenburg, Queens, Shelburne and Yarmouth counties): Xona Games, Matthew and Jason Doucette, Yarmouth - Zone 3 (Digby, Annapolis, Kings and Hants counties): Clare Machine Works Ltd., Vince Stuart, Meteghan Centre - Zone 4 (Halifax Regional Municipality): Tether, Tim Burke and Stephen Hankinson, Halifax - Zone 5 (Victoria, Cape Breton, Inverness and Richmond counties): Health Tech Outcomes, Corrine McIsaac, New Waterford
Innovacorp's High Performance Incubation (HPi) business model, recognized internationally as a best-practice technology commercialization approach, incorporates incubation infrastructure, business mentoring, and seed and venture capital investment. Every day, Innovacorp staff provides hands-on business guidance, tailored to meet the unique and evolving needs of high-potential early stage technology companies.
To learn more about the I-3 Technology Start-Up Competition, visit www.innovacorp.ca.
----------------------------------------------------------------- FOR BROADCAST USE:
Tether from
Innovacorp announced Tether as the provincial winner of the I-3 Technology Start-Up competition, today (February 9th), at a ceremony that marks the end of the five-month competition.
Premier
Innovacorp received 133 formal submissions from entrepreneurs across Nova Scotia.
For further information: Media Contacts: Jennifer Guy, Innovacorp, (902) 424-8670 ext. 1197, Cell: (902) 225-7284, [email protected]; April MacLeod, Innovacorp, (902) 424-8670 ext. 1177, Cell: (902) 441-9198, [email protected]
Share this article