The Invest Nova Scotia Fund is helping Halifax’s leading technology hub spark innovation and foster collaboration.
The fund’s independent board of directors announced today, Feb. 1, that Volta Labs will receive $2 million in funding to develop six corporate offices, known as outposts, within its newly expanded space at the Maritime Centre.
“Volta is the ideal place for startups and more established companies to come together and learn from each other,” said Invest Nova Scotia chair Kenneth Deveau. “This funding will help Volta attract more corporate partners, strengthening the Volta community and facilitating more collaboration in the private sector.”
Volta currently houses 15 new technology companies and one corporate outpost.
A team from the Atlantic Lottery Corporation started working out of Volta in late 2016. They are tackling complex business problems using new technologies like blockchain and artificial intelligence.
“Having an outpost at Volta has improved our innovation delivery and overall approach,” said Jamie Davison, vice-president of Digital Gaming and Innovation at Atlantic Lottery Corporation. “Joining the Volta community has helped us work like a startup, attract great talent and launch a number of beta products.”
“Corporate innovation outposts are a proven model for overcoming barriers to innovation in big organizations,” said Chris Crowell, vice president of Volta Labs. “We look forward to welcoming more corporate partners to Volta and strengthening our community.”
Invest Nova Scotia was established in 2014 as an independent fund for granting economic incentives. Projects must spark innovation, be measurable and sustainable, and advance the strategic goals of the ONE Nova Scotia Coalition.
For more information on Invest Nova Scotia, visit www.novascotia.ca/business/invest/.