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  • Disclosures: Strategic Investment Funds 2022/23

Disclosures: Strategic Investment Funds 2022/23

Tuesday, January 10, 2023

Tuesday, January 10, 2023

Invest Nova Scotia (INS) has approved a business development incentive in the form of a payroll rebate for MindSea Development Inc. 

MindSea partners with leaders in digital health to build mobile and web applications that empower people to lead healthier lives. Their work includes products that help with medication adherence, exercise tracking, remote patient monitoring, and virtual consultations.  

The company plans, builds, and launches mobile blueprints and web applications. Focused primarily on healthcare in North America, MindSea plans to partner with academia, local health authorities, and local digital health start-ups to continuously refine their product offering. 
 
As per the five-year payroll agreement, MindSea has the potential to create 40 additional full-time employment positions. Based on the maximum growth forecast of the agreement, Invest Nova Scotia estimates that the company could spend up to $7,000,000 in salaries and benefits.  
 
Based on this forecast, it is also estimated that the new employees would contribute provincial tax revenues of around $895,391 through their income and consumption taxes.  As a result, the company could earn a rebate of up to $492,800 over five years. 
 
Media contact: 
Reuben Hall, CEO 
MindSea Development Inc. 
Reuben.hall@mindsea.com 
(902) 237-0311 


Tuesday, December 13, 2022 
 

Invest Nova Scotia has approved a business development incentive in the form of a payroll rebate for HydroSurv Unmanned Survey (Nova Scotia) Inc. 
 
Operating from the Centre for Ocean Ventures and Entrepreneurship (COVE) in Halifax, the company designs, builds, and operates unmanned surface vessels (USV) for hydrographic, geophysical, and environmental data acquisition.   
 
As per this five-year payroll agreement, HydroSurv has the potential to create 30 jobs. Based on the maximum growth forecast of the agreement, Invest Nova Scotia estimates that the company could spend up to $6,162,500 in salaries and benefits.  
 
Based on this forecast, it is also estimated that the new employees would contribute provincial tax revenues of around $790,000 through their income and consumption taxes.  As a result, the company could earn a rebate of up to $419,050 over five years. 

Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation and entrepreneurship.  
 
We are Nova Scotians supporting businesses small and large; new and new to our province. 

Media Contact: 
David Hull, Founder & CEO 
HydroSurv Unmanned Survey (Nova Scotia) Inc. 
David.hull@hydro-surv.com 
+44 780-079-9260



Tuesday, October 11, 2022

Invest Nova Scotia (INS) has an agreement with ESO (ESO Solutions, Inc.) in the form of a payroll rebate.

The company is looking to expand its development team and establish a stronger presence in the region. ESO is focused on data-driven research projects for Emergency Medical Services (EMS), the fire service, hospitals, and national agencies focused on community health and safety initiatives. Software developers, engineers, and QA analysts will work to enhance the functionality of ESO’s existing software platform through the integration of new features.   

In addition to the development of new products and the creation of a data-driven research and development team, the project will include a new collaboration with Dalhousie University that focuses on the use of artificial intelligence to better predict patient outcomes.  

As per the three-year payroll agreement, ESO has the potential to create 75 jobs. Based on the maximum growth forecast of the agreement, NSBI estimates that the company could spend up to $10,920,000 in salaries and benefits.  

Based on this forecast, it is also estimated that the new employees would contribute provincial tax revenues of around $1,399,000 through their income and consumption taxes. As a result, the company could earn a rebate of up to $728,000 over three years. 

Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation and entrepreneurship. 

We are Nova Scotians supporting businesses small and large; new and new to our province.

Media contact:  
Andy Prince  
Vice President of Corporate Communications  
ESO  
andy.prince@eso.com  
(512) 289-4728 


Tuesday, September 13, 2022

Invest Nova Scotia (INS) has an agreement with Mariner Partners Inc., a wholly owned subsidiary of Mariner Group Inc in the form of a payroll rebate.
 
Founded in New Brunswick in 2003, Mariner is a technology company that provides IT and strategic advisory services and invests in the development of enterprise product offerings within the areas of data analytics, automation software, information security, change management, and IT consulting.
 
As per the five-year payroll agreement, the company has the potential to create up to 60 new jobs.  Based on the maximum growth forecast of the agreement, NSBI estimates that the company could spend up to $14,940,000 in salaries and benefits.
 
Based on this forecast, it is also estimated that the new employees would contribute provincial tax revenues of around $1,959,000 through their income and consumption taxes.  As a result, the company could earn a rebate of up to $990,000 over five years.

Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation and entrepreneurship. 

We are Nova Scotians supporting businesses small and large; new and new to our province.

Media contact:
Jennifer DiPaolo
Marketing Director
Mariner Partners Inc.
jennifer.dipaolo@marinerinnovations.com
(506) 874-3877


Tuesday June 28, 2022

Invest Nova Scotia (INS) has an agreement with Avanade Canada Inc. in the form of a payroll rebate. The company has established and will grow a new Halifax office it is calling an engineering hub.

Founded by Accenture and Microsoft in 2000, Avanade Inc. is a global professional services company providing IT consulting and services focused on the Microsoft platform and is Microsoft’s leading solutions provider.

Avanade Canada Inc. is a subsidiary of Accenture with expertise in AI, business analytics cloud application services, digital transformation modern workplace, security services technology and managed services offerings.

With the potential to create a total of up to 700 Information, Communication and Technology (ICT) jobs per the terms of the five-year payroll agreement, Avanade aims to recruit 300+ professionals, both entry- and experienced levels, within the first two years. Based on the maximum growth forecast of the agreement, NSBI estimates the company could spend up to $169,950,000 in salaries and benefits.

It is also estimated that the new employees would contribute provincial tax revenues of around $23,010,000 through their income and consumption taxes. As a result, the company could earn a rebate of up to $12,264,210 over five years.

Invest Nova Scotia is Nova Scotia’s business development agency that works to promote economic growth and community economic development in the province by enabling business, innovation and entrepreneurship. 

We are Nova Scotians supporting businesses small and large; new and new to our province.

Media contact:
Audrey Carl
North America Communications Lead
Avanade
audrey.carl@avanade.com

For media inquiries contact:
902.424.3527