MSBi Capital changes name to iNovia Capital - Relocates for future growth



    MONTREAL, Oct. 18 /CNW Telbec/ - MSBi Capital, a manager of seed and
early stage venture capital funds, which invest in sectors such as software,
semiconductors, medical devices, biopharmaceuticals, cleantech and advanced
technologies, today announced that it has changed its name to iNovia Capital
effective immediately.
    iNovia Capital also announced today that it has relocated to 1155
René-Lévesque Boulevard West, Suite 2701, Montreal, Quebec, H3B 2K8. The new,
larger location will be able to accommodate the recently announced expansion
of iNovia Capital's' team and venture partner network.
    Since its launch in 2002, iNovia Capital has continued to focus its
efforts on providing portfolio companies with entrepreneurial capital, a
unique access to intellectual property from its partner academic institutions,
and an extensive network of partners and advisors. In this new phase of
growth, iNovia Capital will broaden its network of academic partner
institutions and expand the reach of its unique business model to other
jurisdictions.
    "We are now commencing a new phase of substantial growth, which builds on
our accomplishment to date" said Mark de Groot, President & CEO of
iNovia Capital. "The name 'iNovia' provides continuity between our origins and
the new expanded focus, which will see us working with a broader network of
partners across the continent."

    About iNovia Capital

    iNovia Capital manages seed and early stage venture capital funds, with a
focus on helping entrepreneurs and innovators build successful companies in
the sectors of information technology, life sciences and cleantech.
iNovia Capital's value-added approach to early stage investing provides
portfolio companies with capital, unique access to intellectual property from
its partner academic institutions and an extensive network of industry
partners, advisors and sector-specific co-investors. For more information see
www.inoviacapital.com




For further information:

For further information: Zara Myles, iNovia Capital, (514) 982-2251 x
375, zmyles@innoviacapital.com

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MSBI CAPITAL

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iNovia Capital

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