Organization: Industrial Research Assistance Program

US firms acquire two Ottawa software star-ups

Two small Ottawa-based software firms have been acquired by US companies. Privately held Nimcat Networks was purchased by Avaya Inc, Basking Ride NJ, for $46 million. Nimcat develops voice-over-Internet protocol (IP) software embedded within enterprise IP phones, allowing customers to add phones to their networks as their companies grow. It was founded with $200,000 in…

CV Technologies reports first profitable year

The Edmonton developers of an herbal remedy for colds and flu reported its first profitable year since the biotech company was founded in 1992. CV Technologies’ COLD-fX product accounted for more than 80% of sales, boosting the start-up’s net profit to $150,918 for the year ending September 30. Total sales for FY04 were $6.41 million,…

Canada-India S&T mapping study released

A major Canada-India S&T Mapping Study says that current linkages between the two countries are weak but that India represents “a huge opportunity for participation by Canadian S&T institutions” The report notes that India plans to double its investment in S&T to $8.5 billion in its current 10-year plan. It contains a wide range of…

US start-up NemaRx relocates to Calgary

Inno-centre Alberta (ICA) has reeled in a highly promising US pharmaceutical start-up to its business development mentoring program. NemaRx Pharmaceuticals Inc (formerly NemaGain) pushes the number of firms accepted into the program to nine in less than two years (R$, October 24/01). With less than five employees, NemRx possesses intellectual property with an impressive pedigree,…

Neuroscience research given $5.5-million boost

The Brain Repair Centre, a multidisciplinary research collaboration based in Atlantic Canada, has received $5.5 million in funding to develop stem cell lines from adult sources for use to combat health afflictions such as Parkinson’s disease, Huntington’s, spinal cord injury and multiple sclerosis. The project will add to the growing concentration of neuroscience research in…