Nova Scotia venture capital agency Innovacorp has less money left in its main fund than it usually invests in a typical year, and hopes to replenish the fund through exits by existing portfolio companies.

The agency, which is owned by the Nova Scotia government, posted its annual accountability report for the year ended March 31 on its website this month. The report shows that, as of March 31,

Propel ICT, the East Coast regional accelerator, has announced 38 companies from all four Atlantic Provinces that will go through the Fall 2016 Cohort.

The group has accepted five companies into its Moncton-based Build program, which is designed for more advanced companies. These companies will be eligible at the end of the program to receive funding from BDC Capital and the region’s provincial

Peter Vinall emphasized that the announcement in Chester was a key step in a long and complicated process.

“It’s a big milestone for us,” said the CEO and Co-Founder of Sustane Technologies Inc. over his cell phone as he drove away from the event announcing his company’s partnership with the Municipality of Chester.

Chester on Friday said that it has formed a multi-year partnership with

RevIQ, the Charlottetown company that helps game-makers boost revenues, is our featured company in Jobs of the Week today with a quartet of postings.

The one-year-old company has been rapidly increasing its workforce and has now posted openings on the Entrevestor Job Board for a Director of Product, Product Manager, Data Scientist and Data Analyst.

RevIQ began as part of Gogii Games, a

Three years ago, HotSpot Merchant Solutions was a small Fredericton startup. Today, it’s growing with a major U.S. partner. Erin Flood, the company’s chief operating officer, said growth is driven by prioritizing relationships and communication.

The HotSpot technology allows the remote payment of parking meters. The product produces data for downtown businesses, and allows the businesses to

There’s part of the WellTrack story that overshadows its pending $1-million funding, or even its efforts to double revenue every quarter this year.

It’s the tale of how CEO Darren Piercey decided one day that his COO Natasha O’Brien deserved a significant stake in the company and handed over half his share.

Piercey, a University of New Brunswick psychology professor, started the company in 2010

Incubators collaborate to deliver market intelligence

Moncton-based Venn Innovation said Wednesday that market intelligence services will be available to qualifying technology companies across Atlantic Canada through organizations that are part of the Canadian Digital Media Network, or CDMN.

Volta Labs and Innovacorp, based in Nova Scotia, Genesis Centre, based in Newfoundland and Labrador, and

Michelle Simms has not only returned to the Genesis Centre. She is now running the St. John’s startup incubator.

Simms had worked at the Genesis Centre on the Memorial University campus for 14 years, most recently as Vice-President of Programs and Operations. In June, she left to take a position with the Business Development Bank of Canada.

But she soon learned that Genesis CEO Greg Hood had

The closing of Unique Solutions has ignited calls for the Nova Scotia government to get out of the venture capital business. After four companies in the Nova Scotia Business Inc. VC portfolio have failed in 18 months, people on social and traditional media are demanding the government exit VC investment.  Progressive Conservative Leader Jamie Baillie has said the government should instead lower

Gillian McCrae smiled as she looked back at the makeshift stage where six Prince Edward Island digital technology companies had just pitched.

McCrae, the Propel ICT Vice-President, had just overseen her organization’s first Local Demo Day in Charlottetown. It had taken place before a packed house at the Upstreet Craft Brewery, the crowd full of mentors, entrepreneurs and politicians. And, she