Hy-Drive Technologies Ltd. ("Hy-Drive") (TSXV: HGS) completed the Canadian tranche of its previously announced Cdn$22.1 million private placement of approximately Cdn$11,100,000.

Duncan Hill joins Ventures West as Entrepreneur in Residence.

Acclaris, Inc., a leader in technology enabled reimbursement services for employee benefits announced that it has secured $2 million in financing from Toronto's MMV Financial Inc

February 5th, MobileMonday Toronto, the mobile industry networking group, will open the floor for prospective mobile entrepreneurs to pitch their business ideas to some of Canada's leading Venture Capital companies. The focus of this session will be raising capital for mobile ventures.

Variation Biotechnologies Inc. (VBI) announces it has secured US$35.7 million in Series A financing. VBI will use the proceeds to advance the company's innovative Variosite(TM) vaccine platform into clinical development, beginning with lead vaccine candidates for influenza.

H2O Innovation (2000) inc. signed two contracts for the supply of drinking water treatment plants for the cities of Palm Coast and Boynton Beach, both located in Florida.

JobShark Corporation announced that it has entered into an agreement to be acquired by global leader JobServe Ltd. of the United Kingdom. No terms were disclosed.

Speedware, a division of Activant Solutions Inc. announced that it has signed two new HP e3000 migration contracts worth over $7 million.

OncoGenex Technologies Inc. filed a registration statement with the U.S. Securities and Exchange Commission and a preliminary prospectus with the Canadian provincial securities regulatory authorities for a proposed initial public offering of its common shares.

The inability to attract and retain talent as well as other human resources issues continue to be the biggest threats to corporate profitability in Canada, according to results of a survey released today by Accenture.