Propel Names Traction and Growth Grads

Atlantic Canada's IT accelerator Propel has announced seven graduate companies from the latest cohort of its Traction and Growth program.

The Traction and Growth program is meant for startups that have already completed Propel’s more basic Vision and Validation accelerator for very early startups. Traction and Growth companies must have at least $1,000 of monthly revenue and founders who are

Continue Reading

Virtual Hallway Books 500 Consults for NS Doctors

Virtual Hallway has helped doctors to schedule more than 500 meetings with specialists through a pilot program with Nova Scotia Health’s Innovation Hub since the end of May.

The six-month program will evaluate whether the province should partner with Virtual Hallway on a longer-term basis, as the government looks to the innovation economy for ways to help Nova Scotia’s struggling healthcare

Continue Reading

Hickey Out at Invest Nova Scotia

Invest Nova Scotia Executive Chair Tom Hickey has resigned, citing other professional commitments, mere weeks after his appointment to helm the new amalgamation of Innovacorp and Nova Scotia Business Inc.

Progressive Conservative Premier Tim Houston announced the creation of Invest Nova Scotia last month as the provincial government looks to address what it describes as “overlapping mandates,

Continue Reading

IBI Group Paid $5.7M for HotSpot

When IBI Group bought Fredericton transportation software-maker HotSpot in June for its recurring revenue business, the Toronto engineering and technology company agreed to pay a total of $5.74 million, regulatory filings reveal.

IBI paid $2.76 million in cash at the close, with $2.97 million to be paid over the next three years, contingent on the HotSpot business unit meeting performance

Continue Reading

Spark Nova Scotia Coming in October

The annual Spark Nova Scotia startup competition, which offers winners up to $50,000 of non-dilutive funding, will hold three pitching events in different regions of Nova Scotia this fall.

Now in its ninth year, the Spark program aims to nurture Nova Scotian startups based outside of metro Halifax. After hosting the pitching events in three regions, the winners will be announced in an event in

Continue Reading

Cybersecurity cluster continues to grow

Sponsored Content

With its impressive cybersecurity strength and talent development history, New Brunswick is implementing a strategy to become the world’s most innovative and collaborative cybersecurity ecosystem by 2030.

New Brunswick became a hotbed of cybersecurity early in the century when the University of New Brunswick staffers Sandy Bird, Chris Newton and Dwight Spencer founded Q1 Labs

Continue Reading

Welkom-U CEO Ajibola Wins Immigrant Award

Tosin Ajibola, whose Fredericton startup Welkom-U is an online platform that aims to help foreign students acclimatize to their new surroundings, has been declared by Western Union’s Canadian Immigrant periodical to be one of Canada’s top 25 new immigrants for 2022.

Ajibola arrived in Canada three years ago and now also serves on the board of New Brunswick startup hub Venn Innovation. The

Continue Reading

Sandpiper Closes SVF Fund

Sandpiper Ventures, Atlantic Canada's female-focused venture capital firm, has closed its flagship SVF fund, having raised over $20 million.

The SVF fund is the second-largest female-focused VC fund in Canada, Sandpiper said in a statement, after Toronto’s Stand Up Ventures, which previously raised $35 million.

Sandpiper invests mostly in seed-stage companies, and has backed such East Coast

Continue Reading