March 10, 2016
Incredible innovation has come out of our province – innovation that not only boosts our economy and grows our communities, but that has the potential to change the world. Recently, WBLI had the chance to foster local innovation by sponsoring the Innovacorp I-3 Technology Start-Up Competition.
This exciting competition recognizes the best and brightest knowledge-based startups in the region, awarding seed money to help these startups get to the next level. The provincial prize of $225,000 was won by Sustane Technologies, which is developing methods to turn municipal waste into consumable, clean products like biofuel pellets.
“We’ve been involved with the Innovacorp I-3 competition at the start and over the years since then,” adds Bill Vienneau, Partner, tax, valuations and business advisory with WBLI. “Nova Scotia has so many people with great, revolutionary ideas, who often just need a bit of a boost to get them past that initial hurdle. It’s rewarding to be able to help them blossom. One of our partners, Robert Dean, visits Innovacorp frequently just to lend an ear and some advice to startups, and was heavily involved in this year’s I3 competition.”
In addition to the seed funding, WBLI is offering $25,000 of pro bono tax and business advisory services to the winners, helping them start off on a solid financial footing.
“We’re thrilled to help businesses like Sustane Technologies,” says Sarah Veinot, partner with WBLI. “To have this company choose Nova Scotia to operate in and develop its revolutionary waste management technology is a huge win for the province. We love working with Innovacorp in this competition, and we love the results: fresh and innovative businesses taking root in our own backyard.”
Without question, the I-3 competition would not be possible without private sector partners like WBLI,” said Stephen Duff, president and CEO at Innovacorp. “Having WBLI professionals on the I-3 judging panels along with the financial expertise they will provide pro bono to the winners is tremendously valuable to us and Nova Scotia’s start-up community.”
WBLI is the region’s largest independent firm of chartered professional accountants, in operation since 1976. The firm is local, independent and connected, offering a robust range of financial and business advice, from general accounting and assurance services to specialized advice on the most complex transactional and tax matters.
WBLI’s mission is to deliver the broad range of financial expertise one would expect from a full- service firm — with the individualized approach, dedicated focus, and attentiveness of a boutique. WBLI is invested in the long life and good health of your business.