Nova Scotia's Unique Solutions Design Ltd. is set to expand its Dartmouth headquarters. The international company is also attracting significant new private-sector investment thanks to support from the province, through Nova Scotia Business Inc. (NSBI).
Unique Solutions is a leader in the fashion and apparel world for its three-dimensional body scanners, custom fit, body measurements and data. Unique's scanners can be found in Mexico, Tunisia and Korea, as well as Canada and the United States.
Nova Scotia Business Inc.'s equity arm, NSBI Venture Capital, is investing $2 million in Unique Solutions. The investment helped attract an additional $3 million in U.S.-based private-sector funding.
Premier Rodney MacDonald made the announcement at the company's headquarters in Dartmouth today, May 4. Premier MacDonald was joined by Tanya Shaw Weeks, CEO of Unique Solutions Design, and Stephen Lund, president and CEO of NSBI.
"Unique Solutions has grown a solid business from its home in Nova Scotia and now has an opportunity to become the largest company of its kind worldwide," said Premier MacDonald. "The province, through NSBI, is continuing to help the company reach its goals and maximize benefits for the people of Nova Scotia."
With the new investments, Unique Solutions is aggressively moving to deploy scanners and finalize contracts with some of the world's largest retailers and partners in the apparel and health and wellness industries.
Unique Solutions is projecting its growth will create 30 new jobs this year.
"As demand for our specialized equipment, support and web portal services grows, so will the demand for talented employees," said Ms. Shaw Weeks. "This round of investment helps support our business today and sustain it into the future."
NSBI Venture Capital has worked with Unique Solutions since 2003, and has a presence on the company's board of directors, helping drive its success.
"Unique Solutions and NSBI have built a long-standing relationship focused on growth and success. NSBI is more than just an investor, we're a partner," said Mr. Lund. "We work closely with Nova Scotia companies, providing growth capital, strategic direction, and advice to help them reach that next level."
As the leading experts in fit, Unique has provided innovative custom-fit solutions and technologies to people of all shapes and sizes since 1994. In addition to body measurement technology expertise, Unique holds the largest and most comprehensive database of women's measurements. Visit www.uniquescan.com .
Nova Scotia Business Inc. is Nova Scotia's private-sector-led business development agency. NSBI is the investment attraction arm of the province and helps businesses in Nova Scotia meet growth potential through advisory services, trade development, financing and venture capital. Visit www.nsbi.ca .
NSBI Venture Capital is a mid to late-stage investor focusing on Nova Scotia businesses in five key sectors: information and communications technology, defence and aerospace, energy, advanced manufacturing, and life sciences.