iNovia inks agreements with Alberta institutions

iNovia Capital — formerly MSBi Capital — is implementing its strategic plan to expand beyond its Quebec base with a series of collaborative agreements with several academic institutions, primarily in Alberta. The seed and early-stage venture capital fund recently launched its $107-million iNovia Investment Fund II LP and has signed cooperation agreements with AVAC Ltd, the Univ of Alberta, TEC Edmonton, University Technologies Inc, Calgary Technologies Inc and the Alberta Research Council. In addition, it has renewed its original agreements with McGill Univ, Univ of Sherbrooke and Bishop's Univ as well as several other Quebec-based institutions and venture funds. Founded in 2002, MSBi was one of four valorization societies established through Valorisation-Recherche Québec. It received $11 million in seed funding from the Quebec government and changed its name last year with a view to broadening its network of academic partners and adopting a national business model (R$, October 29/07)….