BioNova Announces Picomole as the Winner of the Eighth Annual BioInnovation Challenge (BIC) at BioPort 2018

By November 8, 2018News

Halifax, NS – November 8, 2018 – Today Picomole from Moncton, New Brunswick was named the winner of BioNova’s eighth annual BioInnovation Challenge (BIC) business pitch competition at BioPort 2018. Picomole is an innovative medical technology company with the goal of developing their patented and patent-pending technologies for breath analytics into the standard of care for non-invasive clinical diagnostics and personalized medicine.

Stephen Graham of Picomole said, “This experience has been invaluable. The mentorship and training we’ve received through this process has helped take Picomole to the next level, and we know the funding and the advisory services will help to elevate us even more.”

Atlantic Canada’s best health and life science innovators participate in the BioInnovation Challenge (BIC) business pitch competition each year. The competition’s goal is to help ease the transition from research laboratory to market. Picomole will receive a prize package that includes $25,000 in seed funding and an advisory services package worth more than $30,000. Picomole was up against Matthew Kay, CEO ofTalem Health Analytics and Gabrielle Masone, CEO of Coloursmith Labs.

“Our panel of judges had a difficult time selecting a winner because all seven finalists have what it takes to make their start up a success,” said Scott Moffitt, Executive Director of BioNova. “Congratulations to Picomole.”

The Judging Panel: 
Jennifer Hamilton, Senior Director, New Ventures (Canada), Johnson & Johnson Innovation
Gerry Lacroix, Technology Sector Leader – Nova Scotia, Grant Thornton LLP
John Holyoake, Managing Director, Investment Banking, Bloom Burton & Co.

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Contact:
Shana Cristoferi, Marketing Manager, BioNova
Mobile: (902) 830-9193
scristoferi@bionova.ca

About BioNova
BioNova leads, accelerates, and advocates for Nova Scotia’s growing health and life sciences sector. Since 1993, BioNova has been accelerating the growth of its member companies. By hosting networking and educational events, and providing connections to potential funders and business resources, BioNova helps companies succeed.  While these companies commercialize life-changing research to improve healthcare, provide healthier food, and develop sustainable solutions, BioNova advocates on behalf of the sector. BioNova champions the sector’s cluster of world-class research facilities, incubator programs, and companies who, together, bring investment and jobs to Nova Scotia.  www.bionova.ca

About BioPort 2018
The 17th annual BioPort conference will take place at the Halifax Convention Centre on November 7-8, 2018. BioPort provides a forum to educate, inform and inspire the health and life sciences community to develop their ideas, commercialize their technologies and build links within the region and with guests brought in from the U.S. and from around the world.  www.bioportatlantic.ca