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Tuesday, January 24, 2012

Local Tech Companies Get Major Investment Dollars

Three emerging Saint John tech companies getting 1.75 million dollars worth of investment money from a venture fund.

Enovex Technology Ltd. develops gas separation materials and received 1.1 million dollars.

CEO Scott Walton tells CHSJ News the support he got from fellow New Brunswick investors and entrepreneurs was critical to his company landing the investment dollars.

He says people from other countries are envious of the kind of advisors that New Brunswick entrepreneurs get access to.


He adds Saint John is a hidden jewel for the tech industry as we have the ideas and the people to make it grow.

Spinzo Corporation secured 400-thousand dollars to launch it's e-commerce platform and MedRunner Health Solutions Inc. received 250-thousand dollars to develop and deploy electronic prescription solutions.