Nine in Top 10

Local companies take nine of the 30 winning spots in this year’s annual Canada’s Top 10 competition. An Ottawa Centre for Research and Innovation (OCRI) program, Canada’s Top 10 is a national investment competition that recognizes the country’s most promising candidates for VC investment among early-stage companies. This year’s winners, selected by a sector-specific panel of US and Canadian VCs, include nine Ottawa-based OCRI.jpgcompanies competing in three categories: Life Sciences (Artenga Inc., which designs medical devices for people with serious diseases), Cleantech (EcoVu Analytics Inc. and Menova Energy Inc.) and Technology (Avoca Semiconductor Inc., Gridpoint Systems, IPeak Networks Inc., Kleer Semiconductor, MODASolutions and neuroLanguage). This year marks the first time technology companies were represented in the competition. “OCRI is pleased to play an active role in the growth of so many exceptional Canadian companies,” says Michelle Scarborough, director, investment and commercialization, OCRI. “This is a successful program as evidenced by the investment in past winners. Through this year’s expansion, companies from the technology sector can now join the life science and cleantech companies that benefit from exposure to VCs and other investors.” Presented by major sponsor Borden Ladner Gervais LLP, the competition gave companies an opportunity to hone presentation skills as they prepare themselves for the first leg of the 2008 Investment Forum series, which features stops in New York, Boston and San Francisco in the new year. Since the program’s inception in 1999, Canada’s Top 10 winners have secured over $500 million in disclosed VC financing.

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