Innovacorp, a provincial Crown corporation in Nova Scotia, focused on emerging high potential technology companies, has launched an Entrepreneur in Residence program. Jevon MacDonald was welcomed to the Innovacorp team as the first entrepreneur-in-residence. MacDonald is originally from PEI and is the founder and business developer of several software and services companies.

^{Jevon MacDonald: Photo courtesy of Nova Scotia come to life}

"The launch of our Entrepreneur in Residence program will take Innovacorp's business model to the next level, creating good jobs and growing the economy," said Stephen Hartlen, interim president and CEO of Innovacorp. "Jevon is an accomplished entrepreneur, and his experience and knowledge will allow us to offer increased insight and value to our clients."

Although new to Innovacorp, the Entrepreneur in Residence model is not a new concept to the venture capital industry. MacDonald will work with select Innovacorp companies to get them market- and investment-ready, by providing mentoring and advice.

Based in Halifax, Innovacorp's venture capital fund invests in seed and early stage, high-growth companies. Investments range from $100,000 to $3 million. Key industries include clean technology, information technology, and life sciences.

Innovacorp's High Performance Incubation (HPi) business model recently won an international award for its best practice approach to technology commercialization.

For more information on Innovacorp and their portfolio of companies, visit innovacorp.ca

With files from Nova Scotia come to life's Friends of Nova Scotia Newsletter