Nova Scotia’s Innovacorp wins international high honours

Innovacorp, which helps high-potential, early-stage Nova Scotia companies commercialize their technologies, has won one of the highest international honours.

Stephen Hartlen, Innovacorp’s interim president and CEO, accepted the National Business Incubation Association‘s international award for its work in the business incubation industry on May 18. The high-status award honours business incubation programs that demonstrate the National Business Incubation Association’s principles and practices of successful business incubation. The event was held at the association’s annual international conference in Orlando, Florida.

“This award represents the hard work of our dedicated and professional staff, and our partners and clients,” said Stephen. “Combined with our compelling economic, client satisfaction, and leading indicator measurements, this award tells us that our High Performance Incubation business model is globally competitive.”

Stephen received congratulatory remarks from Transportation and Infrastructure Renewal Minister Bill Estabrooks. “Innovacorp plays an important role in business growth in our province,” said Bill. “It helps Nova Scotia-based knowledge companies sell their technologies and succeed in the global marketplace. This helps create good jobs and grow our economy.” Bill was acting on behalf of Economic and Rural Development Minister Percy Paris.

The association, which is regarded as the world’s leading organization for helping business startups and entrepreneurship, is in Ohio and represents more almost 1,900 members across in nearly 70 nations.

“Innovacorp is truly a world-class organization,” said David Monkman, president and CEO of the National Business Incubation Association. “The organization’s unique approach to helping early-stage companies, combined with its in-house expertise and solid network of partners and stakeholders around the globe, makes it more than worthy of this top honour.”

Innovacorp strives to help Nova Scotia entrepreneurs prosper in the global marketplace through its High Performance Incubation business model, which is based on a unique approach of incubation infrastructure, business mentoring, and seed and venture capital investment. It revolves around key industries such as information technology, life sciences, and clean technology.

“We continuously refine our business model and assess ourselves against other models around the globe,” said Dr. Jacquelyn Thayer Scott, chair of Innovacorp’s board of directors. “It’s very gratifying when the premier international organization in our sector recognizes what we do as being best in class.”

Previous winners have come from Silicon Valley, Paris and Taiwan.