New Capital for Clean Tech

- Apr 14, 2011

Companies developing and implementing clean technology in Nova Scotia will have greater access to capital through a $24-million provincial fund announced recently by Premier Darrell Dexter.

The fund, an investment under the province's jobsHere strategy, will be managed by Innovacorp through its High Performance Incubation business model. The model has a proven track record of driving companies' performance by progressively funding them as they meet operational milestones.

"Knowledge-based companies like those in the clean technology sectors create good jobs, help grow the economy, and are vital to Nova Scotia's future prosperity," said Premier Dexter. "This fund will support the growth of emerging clean technology companies and move the province in a new direction forward."

Clean technology includes renewable energy, energy efficiency, air and water quality solutions, and recycling. It represents a range of products and services intended to provide superior performance at lower costs, while minimizing negative ecological impact and using natural resources responsibly.

Read more at gov.ns.ca and find a summary, video and audio clips from the April 13 announcement on the social media release page.

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Since October 2007, FUSION Halifax has become a credible, trusted voice for young people in this city – and has unleashed new energy within the community through events, action teams and communications.

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About Nova Scotia

Nova Scotia is located on the east coast of Canada. With 7,400 km of coastline it is almost completely surrounded by the Atlantic Ocean. Nova Scotia is a place that offers a rare experience to the people who live in, do business in, and come to visit the province.