Entrepreneurs selected as first EDGE participants

Oct 10, 2003

HALIFAX - Two Nova Scotia IT entrepreneurs – one from Cape Breton and one from Halifax – have been selected to be the first participants in Nova Scotia Business Inc.’s EDGE (Executive Development in Global Entrepreneurship) program.

Paul Wareham of Sydney will attend a three-day course on Corporate Entrepreneurship at Babson College in Wellesley, Massachusetts at the end of this month. Mr. Wareham is the President and CEO of Dynagen Technologies Inc., North Americas's fastest growing manufacturer of power generation controls. 

James Craig of Halifax will attend a five-day course on Entrepreneurship Development at the MIT Sloan School of Management in Cambridge, Massachusetts in January. Mr. Craig is the  President and CEO of Diaphonics Inc. in Halifax, an emerging IT security company with sales offices in California and Washington, D.C.

The calibre of the 30 applicants, and their desire to grow and develop their skills, reflects the strength of the entrepreneurial spirit in our province, said Kelliann Dean, Vice President of Business Development for Nova Scotia Business Inc. On behalf of NSBI, I want to thank all applicants for their interest and wish to congratulate Mr. Wareham and Mr. Craig on being selected. They are innovative, visionary leaders who will make full use of these opportunities to benefit their individual companies and Nova Scotia's business community.

Mr. Wareham will attend the three-day Corporate Entrepreneurship course at Babson College, which consistently has been ranked the top U.S. college for entrepreneurship. The program will allow Mr. Wareham to discover new ways to foster innovative ideas, assess opportunity-versus-risk, win support where it counts, and then implement those ideas. Mr. Wareham will be exposed to the complete entrepreneurial process, from opportunity identification to post-implementation evaluation, and will be able to network with other international entrepreneurs and CEOs who are part of the same course.  

The EDGE program presents a unique opportunity at this stage in my company's development, where on a daily basis, we are living and breathing the very topics under discussion, said Mr. Wareham. I'm very much looking forward to participating in the program and meeting fellow business leaders and entrepreneurs from around the globe.

The five-day Entrepreneurship Development course at MIT Sloan will introduce Mr. Craig to MIT's technology transfer system, entrepreneurial educational programs, and entrepreneurial network that have created more than 5,000 firms so far, with combined annual sales of more than $200 billion. He will be part of lectures, visits to high-tech start-ups, and live case studies with successful entrepreneurs. He will learn more about how to identify and evaluate opportunities for new ventures, about how the U.S. venture capital investment process works, and how the venture creation process may vary by country.

It's wonderful that NSBI has the vision to impart tools, such as the EDGE program, that are focused on our region's executives to give more opportunities for success in their businesses, said Mr. Craig. The future of Nova Scotia’s economy is based on building companies and industries that can successfully tap into global markets and flow money back into local markets. I believe EDGE gives us an advantage by showing us what has worked in the U.S. high tech industry, and I look forward to being able to transfer some new knowledge and skills to others in our community.

EDGE applicants were judged primarily on their proven leadership abilities, potential to leverage their program for business development, and their program suitability. The selection committee members were:
- Mr. Chris Pelham, Director of the Centre for Small Business & Entrepreneurship at Acadia University
- Dr. Al Miciak, Dean of Commerce at Saint Mary's University
- Mr. Harvey Silverstein, Director of Masters Executive Development Program at Saint Mary's University
- Mr. Leo Gallant, Professor of Business at St. Francis Xavier University
- Mr. Jim Gogan, Board Member of Nova Scotia Business Inc.
- Ms. Kelliann Dean, Vice President of Business Development at Nova Scotia Business Inc.

EDGE was created based on an expressed desire by the province's top business leaders for continuing executive development programs. It offers entrepreneurs the opportunity to enhance their education while tapping into a network of visionary entrepreneurs at MIT Sloan and Babson, two internationally recognized business institutions. EDGE participants also act as business ambassadors for the province while in New England and will help to further solidify the strong relationships between Nova Scotia and New England.

Nova Scotia Business Inc. is the province's business development agency, an organization that works with companies to provide business solutions. The private sector-led agency works to attract new businesses to the province and help those already in Nova Scotia expand through services such as export development and financing.