Innovacorp names Malcolm Fraser as new President & CEO

Innovacorp’s board of directors has appointed Malcolm Fraser as Innovacorp’s new President and Chief Executive Officer (CEO). Fraser, replacing Stephen Duff, will begin his new role October 2, 2017.

“After an extensive search which generated interest from across Canada, we’ve landed a fantastic new leader for Innovacorp,” said Rodney Burgar, Innovacorp’s board chair. “Malcolm is an entrepreneur, through and through. He’s built and led a technology company and he’s hustled to acquire clients and raise capital. Recently he led his company through a successful acquisition by a national company. Malcolm joins us at an exciting time as the startup ecosystem in Nova Scotia expands.”

Fraser started ISL Internet Solutions Ltd., later rebranded as MODE, in 1995, and grew the company to be Atlantic Canada’s top digital agency. ISL coached many businesses through digital transformation including Stanfield’s, the Toronto Symphony Orchestra and Tourism Nova Scotia. In 2016, ISL was acquired by Vancouver-based digital marketing agency FCV Interactive and Fraser joined the firm’s executive team.

“I am very excited about this role,” said Fraser. “I’m eager to dive in, get to better know all the players in our start-up ecosystem and strengthen Innovacorp’s contribution to the community.”

Fraser holds a B.Comm in Marketing and Economics from Mount Allison University. He is board chair at the Art Gallery of Nova Scotia, research committee chair at Destination Canada, a board member with the Dalhousie Medical Research Foundation and Sobey Art Foundation, and past chair of ITANS, now Digital Nova Scotia.

Stephen Duff, who served as Innovacorp’s president & CEO since 2013, tendered his resignation in March 2017.

“We’re grateful for Steve’s strong leadership over the last four and a half years,” said Burgar. “He delivered on all of our strategic goals, including recapitalizing Innovacorp’s venture capital fund, partnering to create COVE and deepening our expertise and delivery of startup incubation services and acceleration programs.”

Innovacorp is Nova Scotia’s early stage venture capital organization. It works to find, fund and foster innovative Nova Scotia start-ups that strive to change the world. The goal is to help those companies commercialize their technologies and succeed in the global marketplace.

photo credit: Innovacorp


Ted Liu

Ted Liu, M.Sc. (Mining Enginering), MBA (Finance), is the Editor of Private Capital Journal and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for Canadian Venture Capital and Private Equity Association (CVCA) from 2013 to 2016.

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