Nova Scotia Innovation Corporation

Other forms of name:
InNOVAcorp
Nova Scotia Research Foundation Corporation
Research Foundation of Nova Scotia

The Research Foundation of Nova Scotia was established in 1946 to examine and conduct research on the utilization of Nova Scotia's natural resources. In 1975 the foundation became a crown corporation and its focus changed to applying science and technology to economic development. In 1995 the foundation was superseded by the Nova Scotia Innovation Corporation, the aim of which is to promote, stimulate and encourage the successful development and commercialization of technology products and services benefitting private industry. The objects of the corporation are to mobilize the necessary resources, nationally and internationally, to allow for technological development and commercialization in priority technology areas; develop, in partnership with the private sector, value-added technology services and products available for the local and international marketplace; become a strategic equity partner in joint-venture, private-sector technology initiatives; provide incubator facilities to new technology enterprises and business support services to growing technology organizations; build, in partnership with private industry, technology-based companies with an export orientation; provide a central technology-transfer brokerage and licensing and intellectual-property protection function for new technology; administer industry-oriented programs and services to assist in industry innovation; and provide technology policy advice and guidance to government, as well as be an effective agent for change respecting technology issues.

Notes: Authority record based on Statutes of Nova Scotia: 1946 c. 9, 1975 c. 15, 1994-95 c. 5.