Wednesday 29, September 2010

Three New Investments Closed; OETF Portfolio Companies Honoured by Deloitte

The Ontario Capital Growth Corporation (OCGC) is pleased to advise that it has closed three new investments under the Ontario Emerging Technologies Fund (OETF).

Covarity

Covarity develops specialized software for commercial loan portfolio management. Covarity automates the process of collecting and analyzing borrowers’ financial data and enables financial institutions to manage credit risk on a loan-by-loan basis. Covarity’s hosted, web-based commercial loan monitoring solution delivers process efficiencies, value-added customer service and helps prepare financial institutions for regulatory scrutiny with minimal capital outlay.

To learn more about Covarity: www.covarity.com

To learn more about the VentureLink Brighter Future Fund: www.venturelinkfunds.com

NeurAxon

NeurAxon is a life sciences company discovering and developing pain therapeutics focused on the inhibition of neuronal nitric oxide synthase (nNOS), an enzyme involved in modulating pain and central nervous system neuronal sensitization. NeurAxon has created an internally generated pipeline of five novel mechanism NCE product candidates focused on different unmet medical needs. NXN-188, the lead product candidate, is being developed for the treatment of acute migraine.

To learn more about NeurAxon: www.neuraxon.com

To learn more about CTI Life Sciences Fund LP: www.ctisciences.com/english

Shoplogix

Shoplogix develops real-time performance management solutions designed to enable manufacturers to rapidly reach their full operating potential. Their patented Plantnode solution combines the power of software analytics with the strength and stability of embedded technology. Shoplogix’ solutions form the foundation for continuous improvement by providing manufacturers with the tools to remove operational inefficiencies to help drive growth and profitability.

To learn more about Shoplogix: www.shoplogix.com

To learn more about the JL Albright IV Venture Fund: www.jlaventures.com

Click here for a complete listing of OETF Portfolio Companies.

Deloitte Fast 50 Award Winners

The Ontario Capital Growth Corporation extends its congratulations to several Ontario Emerging Technologies Fund portfolio companies that were among recipients of Deloitte’s recent “Fast 50” awards.

Avvasi Incorporated and Morega Systems Inc. were recognized under the “Companies to Watch” category.

Energate and ecobee were both honoured in the Deloitte "Technology Green 15" Awards category.

For more information about these awards, please visit www.fast50.ca