Researchers who want to prove that their concepts can be turned into successful products and services are now eligible for support under a $275,000 early-stage funding program established by the province. A successful pilot project at Acadia University is being expanded to include all 11 of the province’s universities and the Nova Scotia Community College (NSCC), Economic Development Minister Ernest Fage announced today, Aug. 19. “This funding fills the gap that exists at the very beginning of the commercialization phase, when researchers need to prove their concepts in order to attract more funding from other partners,” said Mr. Fage. “More than 80 per cent of Nova Scotia’s research is done on our university and college campuses. Helping to advance that research and innovation is important to the economy and our quality of life.” The early-stage commercialization fund is designed to support projects that promote the development of innovative services or prototypes that may provide commercial or socio-economic benefits to Nova Scotia. While researchers’ needs can vary, many need only minimal funding to get a project with commercial potential off the ground. The program will make $30,000 available to each university that wishes to participate. NSCC will also be eligible. Researchers involved in the Acadia pilot project have begun to prove the concepts for six projects. Those projects are expected to demonstrate their full potential within the year. They include work that investigates recycling efficiency, athletic performance in selected sports, intelligent software for business applications, innovative educational products, and a device for use in biology and physics labs. “Doing research with the specific objective of developing commercially viable products opens new possibilities for our faculty beyond their current research activities and creates learning opportunities for our students,” said Dr. Gail Dinter-Gottlieb, president and vice-chancellor of Acadia. “Acadia is pleased to be part of this program and appreciates the support from the Office of Economic Development.” The Acadia projects were competitively chosen from a field of 14 through a selection process that included involvement by InNOVAcorp, the provincial Crown agency dedicated to helping new enterprises.
Topics : The dairy price index dropped 3%, driven by declining quotations and slowing global import demand for skim and whole milk powders, while the meat index fell by 0.6%.The cereal price index fell 1.9%, with rice prices bucking the downward trend, rising for the third month running, buoyed by stockpiling spurred by concerns over the pandemic and reports that Vietnam might introduce export bans.FAO said Vietnam had since downplayed the reports.While FAO lifted its forecast for 2019 world cereal production, its estimate for 2020 wheat production remained unchanged at 763 million tons, close to last year’s record level.”[This] coupled with ample inventories, will help shield food markets from turmoil during the coronavirus storm,” FAO predicted. FAO also slightly increased its forecast for cereal production, predicting a crop totaling some 2.721 billion tons in 2019, up from a previous forecast of 2.719 billion and some 2.4% higher than the 2018 crop.FAO’s sugar price index posted the biggest fall, down 19.1% from the previous month. The drop was triggered by a reduction in consumption linked to the virus lockdowns seen in many countries, and lower demand from ethanol producers due to the recent dive in crude oil prices, the Rome-based agency said.The vegetable oil price index slumped 12%, pushed down by sliding palm oil prices which was linked to a plunge in crude mineral oil prices and growing uncertainty over the impact of coronavirus on the market.”Oil prices have fallen by more than half during the past month, which catalyzes a large downward impact on biofuels, which are an important source of demand in the markets for sugar and vegetable oils,” said FAO analyst Peter Thoenes. World food prices fell sharply in March, hit by a drop in demand tied to the coronavirus pandemic and a plunge in global oil prices, the United Nations food agency said on Thursday.The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 172.2 points last month, down 4.3% on February.”The price drops are largely driven by demand factors, not supply, and the demand factors are influenced by ever-more deteriorating economic prospects,” said FAO Senior Economist Abdolreza Abbassian.
Cloud Computing : Dassault Systèmes proposera son propre projetQuelques semaines après s’être retiré du partenariat qui réunit l’Etat, Orange et Thalès autour du projet de cloud computing français Andromède, Dassault Systèmes annonce son intention de développer un système concurrent. Un projet que le groupe espère voir choisi pour devenir Andromède.Alors qu’il a quitté en décembre dernier l’alliance qui réunit depuis 2009 l’Etat français, Orange et Thalès, autour du projet Andromède, Dassault Systèmes travaille sur un autre projet de cloud-computing. Bernard Charlès, directeur général du groupe, l’a annoncé sur BFM Business. Il affirme que s’il a quitté le partenariat, il n’a pas abandonné le projet en lui-même. Andromède – dont le coût estimé à 285 millions d’euros devait être assuré par l’Etat à hauteur de185 millions tandis qu’Orange et Dassault devaient injecter 60 millions d’euros, et Thalès 30 millions d’euros – vise à créer un système français de stockage des données stratégiques des PME, des grands groupes et des administrations françaises. Il s’agit de développer un cloud computing capable de rivaliser avec les géants américains comme Cisco, IBM, Microsoft ou Google. “Fin décembre, nous avons constaté que la structure de coûts […] ne permettait pas d’avoir une solution compétitivecar ces coûts étaient trop élevés. Donc on s’est retiré de la structure mais pas du projet, que je porte depuis deux ans et demi. Il y a donc un autre projet en gestation, avec d’autres acteurs, qui sera Andromède je l’espère. Il s’agira à l’Etat de décider du projet qu’il souhaite mettre en oeuvre. Mais celui-ci sera compétitif” a expliqué Bernard Charlès. Il reviendra alors au gouvernement de faire un choix entre les différentes propositions qui lui seront faites. Contacté par l’AFP, le ministère de l’Industrie s’est dit prêt à étudier le projet du groupe. “Si Dassault Systèmes souhaite déposer un nouveau projet de cloud computing en vue d’un soutien des investissements d’avenir, alors on examinera son projet dès lors qu’il l’aura déposé” a-t-il affirmé.Le 31 janvier 2012 à 10:30 • Maxime Lambert
11 September 2008The Bond Exchange of South Africa (Besa) has secured the necessary approvals in support of its rights issue to raise new capital, with underwriting partners that include the New Zealand Exchange, local banks and other financial institutions securing the transaction.“We are tremendously excited by what the fresh capital injection and new partners will deliver for our business,” Besa chief executive Garth Greubel said in a statement last week.“The effect of this transaction is to significantly strengthen our shareholder and capital base, with certain strategic partners also being represented on the board, while maintaining our commitment to the bond market and existing shareholders.”The rights issue is the second phase of Besa’s development strategy, following the exchange’s demutualisation in 2007.After the rights issue, at least 30% of Besa’s equity will be held by strategic partners, providing valuable support in order to execute the exchange’s vision of building better markets. Formalities relating to the transaction will be concluded at Besa’s annual general meeting towards the end of September.BondClear projectAccording to Besa, a project that will contribute significantly in driving growth is BondClear, a new central counterparty clearing house that it is presently establishing. BondClear will provide clearing and central counterparty (CCP) services to South African financial markets, initially for interest-rate derivatives listed on the bond exchange.“We are optimistic about BondClear, in which NASDAQ OMX is a direct shareholder,” Greubel said. “NASDAQ OMX is one of the world’s largest exchange companies, with trading technology capabilities across six continents.”Shareholder and market support for the rights, the BondClear project and other strategic initiatives that Besa is undertaking have been positive, while company management has already received irrevocable commitments in writing from shareholders, in excess of the necessary requirements, approving the capitalisation transaction.Strong market performanceAccording to Besa, these initiatives are being undertaken against the backdrop of strong market performance in the exchange’s core bonds franchise.Annual bond market turnover topped R13.8-trillion in calendar 2007. During 2008 bond turnover surged, with a record monthly figure of R1.486-trillion reported in February.This has since been consistently exceeded from May through to August, when turnover reached a new record R1.956-trillion for the month. It is anticipated that turnover will top R17-trillion for 2008, representing an annualised velocity of 28 times market cap.Besa now faced one of the most exciting and ambitious phases in the company’s development as an exchange, Greubel said.“Our new capital will leave us well positioned to drive value through our existing core business and extend our set of products and services to financial market participants, as well as accelerating financial market infrastructure development in South Africa,” he said.“We are excited by what the future holds for us as a business and the positive contribution it will make towards strengthening competition in South African financial markets.”SAinfo reporter Would you like to use this article in your publicationor on your website?See: Using SAinfo material