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News about Cove:
Companies Selected for Innovacorp’s Accerlate and Start-up Yard Programs
Seventeen new technology companies have been selected for Innovacorp’s 2018 Accelerate and Start-up Yard programs.
One of those companies is Sedna Technologies, an ocean technology startup, founded by Sheamus MacDonald and Aleksandr Stabenow, of Halifax. They have developed a new traceability system for the seafood industry, which helps fishers monitor the condition of their harvests to reduce waste and bring higher-quality products to market.
Sedna and the other companies selected for Innovacorp’s Accelerate Program will receive $50,000 to grow their business, coaching from seasoned business professionals and access to incubation space.
Sedna is also participating in Start-Up Yard, Innovacorp’s incubation facility at the new Centre for Ocean Ventures and Entrepreneurship (COVE) on the Dartmouth waterfront. Sedna moved into COVE earlier this fall to work alongside 40 other ocean companies and startups.
“Our technology is cutting edge and it solves a real problem for the seafood industry,” said Mr. MacDonald, co-founder and CEO. “Being selected for Innovacorp’s programs is a great boost of confidence and it gives us the support we need to keep building our company.”
“It is great to see young people like Sheamus and Aleksandr starting businesses and tackling relevant problems,” said Ben Jessome, MLA for Hammonds Plains-Lucasville on behalf of Geoff MacLellan, Minister of Business and Minister responsible for Innovacorp. “The Government of Nova Scotia and its partners are proud to support new entrepreneurs as they continue to develop great ideas, build businesses, create jobs and contribute to our economy.
“The Accelerate and Start-up Yard competitions are about bringing people together and getting ideas ready for the market,” said Darren Fisher, Member of Parliament for Dartmouth-Cole Harbour, on behalf of Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA). “These programs help new companies assess their readiness by preparing them to address gaps and opportunities that will make them stronger.”
The Government of Canada contributed $500,000 towards the 2018 Innovacorp Accelerate Program, two Start-Up Yard cohorts at COVE and other initiatives for ocean technology startups through ACOA’s Business Development Program. The Province of Nova Scotia also contributed $500,000 to those programs through Innovacorp’s existing budget.
For the full list of companies selected for the 2018 Innovacorp Accelerate and Start-up Yard programs, visit innovacorp.ca/2018-cohorts
COVE will also hold a public open house on Saturday, Nov. 17, from 11 a.m. to 2 p.m. Visitors will be able to tour the buildings and meet some of the resident companies.
Call for Tenants
Thank you to everyone who responded to the Call for Tenants at COVE. The call was open for companies, researchers and individuals interested in advancing ocean-related work to pursue commercial space. Interested in COVE? Connect here.
The Centre for Ocean Ventures & Entrepreneurship (COVE) will bring ocean technology innovation and commercialization to the water’s edge of Halifax Harbour.
COVE is the community and infrastructure that will position our region as a global hub for ocean technology. Construction is underway with a planned opening in Spring 2018. With strong local support, significant tenant interest, and key funding partners like already involved, we are well on our way. COVE will be a place designed to foster collaboration, growth and technological advances for ocean technology companies at all stages of development, from start-ups to well-established companies seeking new growth through innovation.
A Request For Information was issued on March 9, 2017 to learn from local, national and international businesses about their design needs for space, facilities and programming. The RFI closed on April 21. Read more here.
On September 1, 2016 Federal and Provincial funding was announced for COVE (Centre for Ocean Ventures & Entrepreneurship), located on the Dartmouth waterfront. COVE is expected to open in 2018.
The former Canadian Coast Guard land on the Dartmouth waterfront will be home to an ocean innovation centre known as COVE (Centre for Ocean Ventures & Entrepreneurship). Waterfront Development received approval from the provincial government to purchase the land from the federal government in 2015.
The corporation will now work with the provincial government, industry and post-secondary schools to develop the centre, where ocean technology research and private sector marine businesses can work together to drive more investment, commercialization, exports and growth.
The annual global market value for ocean-related goods and services is $3 trillion.
More than 200 companies make up Nova Scotia’s ocean science and technology sector. Activity includes science, fisheries, aquaculture, offshore oil and gas, shipbuilding and maritime security.
Located at 27 Parker St., the property includes buildings, waterfront and over 850 metres of wharf and two 100 metre piers. The property is a 9.5-acre site plus water lot. The purchase price is $6.5 million.
An ocean innovation action team is in place to guide the vision and strategic direction for the ocean innovation centre.
The centre supports OneNS goals linked to business startups, exports from growth-oriented companies, and research and development partnerships.
Nova Scotia is recognized internationally for ocean research done by Dalhousie University, Nova Scotia Community College, Bedford Institute of Oceanography, Royal Canadian Navy, and a growing sector of export oriented ocean technology companies.
The Canadian Coast Guard now operates from the Bedford Institute of Oceanography.
Interested in Canada’s Ocean City? Click here for a series of ocean related videos and stories.