IMV Raises $29.5M in Offering

Montreal-based Fonds de solidarité FTQ has invested $5 million in Dartmouth-based immunotherapy company IMV as part of the company’s recent public offering, which raised almost $30 million.

It is the second investment in IMV by the Fonds, which has almost $15 billion in assets and channels Quebecers’ savings into investments. It previously invested $5.75 million in the company in February 2018.

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Durland Named SMU’s Chancellor

Michael Durland, who has invested in some of Halifax’s leading startups, has been named the new Chancellor of St. Mary’s University, succeeding Paul D. Sobey.

Durland is best known as the former Group Head and CEO of Global Banking and Markets for Scotiabank. Since he retired from Scotiabank in 2016, he has been increasingly active in entrepreneurship in Atlantic Canada, investing in startups

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Jobs: Senior Developer at TotaliQ

TotaliQ of St. John’s is searching for a Senior Cloud Platform Developer – someone who is able to work remotely.

TotaliQ has produced a knowledge-sharing online platform that lets a company’s employees share their expertise with one another to improve corporate efficiency. It was founded in 2018 by Andrew Sinclair, who’d spent 15 years in the engineering, construction and natural resource

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SucSeed Eyes Further Growth in ‘19

As it sets out to raise $700,000 in debt capital, St. John’s-based SucSeed is looking to build on its proven strategy of selling its vegetable-growing kits to schools and school boards.

The company makes hydroponic grow kits that help people grow nutritious vegetables indoors. It has booked about $500,000 in sales since the end of 2016 and those sales are growing – mainly because the venture has

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Lennox’s New Startup Canada Job

Victoria Lennox, the head of Startup Canada since its inception, is taking on a new development role within the national entrepreneurship support group, meaning the group is now looking for a CEO.

Lennox was the driving force behind Startup Canada when it began in 2012 and has been the CEO ever since. Now she believes her talents are more useful as the organization’s new president, where she

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Alentic Lands $3M from ACOA

A team of researchers in Halifax are on the brink of releasing a pocket-sized medical device that can generate test results in mere minutes, using only a pinprick of blood.

Alentic Microscience is a Halifax-based microscopy company that has developed a new imaging device that instantly reads patients’ results at the point of care, using only a drop of fluid, without the need for bulky

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BioVectra Unveils $145M Expansion

Charlottetown-based drug-manufacturer BioVectra Inc. on Monday announced a five-year, $144.6 million expansion project in its facilities on P.E.I. and in Windsor, N.S.

The company issued a statement saying the funding will include a $37.5 million contribution from the federal government’s Strategic Innovation Fund – the fund’s largest financing ever in Atlantic Canada.  

BioVectra is a contract

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LifeRaft Partners with DarkOwl

Halifax-based LifeRaft, a Software-as-a-Service security company, has struck a partnership with Denver-based information security company DarkOwl, which will improve its ability to find information on the dark web.

LifeRaft’s main product is Navigator, which helps large organizations and other clients to scan social media and other online material to detect threats against them. Under the new

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VidCruiter Aids UNDP in Award

The United Nations Development Programme has won an Innovation in Recruitment Award, using the software of Moncton-based video interview company VidCruiter.

The UN agency announced last week that it received the honor at the 15th annual Career Development Roundtable of International Organizations, held recently in Lisbon. It won the award after successfully hiring 126 people to become resident

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