Lux Wind Approved for Cedif

Lux Wind Turbines, the developer of a vertical wind turbine that won a NASA design award in 2013, has won approval to raise equity through Nova Scotia’s Community Economic Development Investment Fund, or Cedif, program.

Lux Wind CEDC wants to raise between $500,000 and $800,000 to help bring its vertical wind turbine to market.

The Lux Wind Turbine has the potential to address a major challenge in the wind energy sector – economic viability. Now, individual Nova Scotians have an opportunity to own common shares in the company and gain equity tax credits toward provincial income taxes payable.

The company is already the first in Canada to raise capital through the equity crowdfunding exemption recently approved by the Ontario Securities Commission and security commissions in other provinces, including Nova Scotia.

“Our vertical technology has the potential to significantly benefit the wind energy sector,” said CEO Terry Norman in a statement. “Now Nova Scotians have a great opportunity to get in on the ground floor as shareholders.”

Invest Atlantic To Be Held in Moncton Oct 5 ad 6

Invest Atlantic, the East Coast conference for the entrepreneurs and investors, has announced that the 2016 event will be held at the Delta Beauséjour in Moncton on Oct. 5 and 6.

It will be the first time in its seven-year history that Invest Atlantic has been held outside Halifax.

Since it began in 2010, Invest Atlantic has chosen a theme each year, such as partnering with corporations, global investing, or angel investment.

B4checkin Appoints Peter J. Rogers, Jr. as Chairman

Halifax-based b4checkin Inc., which makes cloud-based hospitality software solutions, has named Peter J. Rogers, Jr. as its new Chairman of the Board.

Rogers has extensive experience working with hospitality software and will help b4checkin with future product releases and new partnerships.

Rogers was Executive Vice President of Business Development and Investor Relations at MICROS Systems, Inc., of Columbia, MD.  He helped the company to become a global leader in providing information systems to the hotel, restaurant and retail industries.

“We are thrilled to have Peter join b4checkin as Chairman of the Board,” said b4checkin Founder and CEO Saar Fabrikant in a statement. “Just as Peter helped grow MICROS from a startup to a global enterprise, we are confident he will do the same for b4checkin. His far-reaching knowledge of tech solutions and hospitality software will help guide us through the next critical phase for our company.”

Nominations Sought for Discovery Awards

Halifax’s Discovery Centre is looking for anyone involved in science, technology or innovation to nominate themselves or someone else for 14th Annual Discovery Awards.

You can find the nomination forms here, and the nominations are open until May 31.

The Discovery Awards bring together academia, business and the community to honour people whose exemplary work has helped to improve science, technology and innovation in Nova Scotia. This could be a new invention, an innovative study, a life-long dedication to science or a commitment to the promotion of science and technology.

There are four Award categories:  Science Champion; Professional of Distinction; Innovation; and Emerging Professional.

The Discovery Awards for Science and Technology will be held Nov. 17 at The Halifax Marriott Harbourfront in Halifax.