Five Startups Compete at The Genesis Pitch

Five Newfoundland and Labrador startups will compete for more than $45,000 in prizes at The Genesis Pitch, taking place Oct. 29 at the St. John’s Convention Centre.

Organized by Genesis, the province’s technology incubator, the event marks the largest prize pool in its history, including a $30,000 top prize and the Pitcher Plant trophy. The competition is part of techNL’s annual Innovation Week, which highlights innovation and entrepreneurship across the province.

The five finalists represent a cross-section of emerging technologies being developed in Newfoundland and Labrador:

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NACO Calls for National Investment Strategy

NACO Canada has released a new report urging a coordinated national approach to mobilize up to $15 billion in private investment and strengthen Canada’s innovation economy.

Titled A Unified Capital Strategy for a Sovereign Innovation Economy, the report outlines a four-part policy framework aimed at improving access to early-stage financing and reducing barriers faced by entrepreneurs. NACO –

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Ashored Wins $200K in TELUS Competition

Ocean technology company Ashored Innovation has been named one of five grand prize winners in the national TELUS #StandWithOwners competition, receiving a $200,000 prize package in cash and in-kind services.

The Debert, NS-based company was recognized for its development of a “rope-on-demand” fishing system designed to reduce the risk of marine animal entanglement in traditional trap gear. The

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Further Acclaim for Infusd Nutrition

Halifax-based supplement startup Infusd Nutrition has capped off a busy stretch with a series of national and international recognitions highlighting its role in the food technology sector.

Over the past 10 days, the company has participated in the MISTA Growth Hack in San Francisco, where it showcased products co-developed with multinational partners Givaudan and Danone. The collaboration

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Axis Accelerator Seeks Applicants

The Axis Accelerator at University of New Brunswick Saint John is seeking applicants for its six-month program for business-to-business startups from across Atlantic Canada looking to grow their revenues and prepare to raise capital.

The program will begin in the spring and requires three to five hours per week from participants. It is aimed at positioning the founder of a company as its lead

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NBIF Names Armali VP of Investments

The New Brunswick Innovation Foundation (NBIF) has appointed Daniel Armali as Vice President of Investments, effective immediately.

Armali joins NBIF after relocating from Montreal and brings more than 15 years of experience in venture capital, fund investment, and multi-asset portfolio management. He will lead NBIF’s investment team and work with startups, portfolio companies, and limited

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Grant Named Managing Partner of Cuna del Mar

Cuna del Mar, an impact investment fund focused on regenerative aquaculture, has appointed Halifax lawyer and entrepreneur Donald Grant as its new Managing Partner.

The appointment of Grant, who previously served as the fund’s Vice President, marks a strategic shift for Cuna del Mar as it aims to take a more active role in promoting regenerative aquaculture globally. Regenerative aquaculture is

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Lockhart Leaving Propel for McKenna Institute

Kathryn Lockhart, CEO of Propel, the regional virtual accelerator for tech-enabled companies, has announced she is joining the McKenna Institute at the University of New Brunswick as Executive Director, effective Nov. 10.

Lockhart has headed up Propel for more than five years and seen significant change in that time. Now, she is joining the McKenna Institute, an entrepreneurial centre based at

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