As part of its plan to attract cleantech companies to Nova Scotia (N.S.), the N.S. government has launched an international cleantech competition.
The N.S. CleanTech Open aims to find and fund high-potential, early-stage cleantech companies, as well as showcase N.S. as an ideal location for these companies to grow.
The winner will receive $100,000 in cash, a $200,000 negotiable seed investment, mentoring, and in-kind business building services, including one-year free rent of turn-key space at the Innovacorp Enterprise Centre in Halifax.
At the time the prize is awarded, the company is to be incorporated in N.S.
Applications, available at www.novascotiacleantech.com, will be accepted until 5 p.m. on December 1, 2011.
The judging panel will select a short list that will be invited to move on to round two of the competition. The short list will be announced on December 15, 2011.
The winner will be announced in June 2012.
"Clean technology is one of the world's fastest growing industries," said N.S. Minister of Economic and Rural Development and Tourism Percy Paris. "Knowledge-based companies like those in the clean technology sectors create good jobs and are vital to Nova Scotia's future prosperity."
This news item first appeared in EcoLog News (9/23/11). To learn how to subscribe, visit www.ecolog.com