Innovacorp has previously invested $550,000 in Seaforth and runs the Early Stage Commercialization Fund (ESCF), Dalhousie University's corporate residency Masters in Business Administration programme.
Canada-based Seaforth Energy, a wind turbine developer and manufacturer, has raised C$2m in equity from Innovacorp, an investment group specialising in early-stage commercialisation of academic research.
Mike Morris, executive president of Seaforth, said: "This investment will allow us to accelerate our pursuit of export market opportunities in countries such as the UK, Italy and Greece, and scale up production capacity accordingly."
Innovacorp has previously invested $550,000 in Seaforth and runs the Early Stage Commercialization Fund (ESCF), Dalhousie University’s corporate residency…
