Somru En Route to $7M Raise

To help launch its new products, Somru BioScience of Charlottetown is raising a $7 million round of funding, and already has commitments for almost half this amount from government funders.  

During a presentation at the 2018 Atlantic Venture Forum on Thursday, Somru Vice-President Mohammed Moin said the company has secured commitments worth $3.3 million in loans and grants from such bodies as

Continue Reading

Securicy Hosts Cybersecurity Webinar

Securicy, the Sydney startup that helps companies develop cybersecurity programs, is hosting a series of free webinars to help small businesses protect themselves from cybercriminals.

The first webinar will be live-streamed on July 5 at 2 pm AST. You can register free here.

The live-streamed webinar will highlight the three fundamental goals of cybersecurity: how to create security awareness;

Continue Reading

WoodsCamp Sells to AFF

WoodsCamp Technologies, the Lunenburg, NS, company that helps woodlot owners manage their lands responsibly, has been acquired by Washington, DC-based American Forest Foundation for an undisclosed sum.

Co-Founders Alastair Jarvis and Will Martin said in a statement today that the company and its technology platform have been bought by the AFF, a conservation non-profit organization that

Continue Reading

EY Names 33 East Coast Finalists

EY, the global accountancy and business consultancy, has announced the list of 33 Atlantic Canadian finalists for its 25th annual Entrepreneur of the Year Competition.

The businesses of this year’s finalists employ almost 3,700 people. They record more than $1.5 billion in annual revenues.

“Whether you’re an entrepreneur or an established business, the prospects for growth and opportunity in

Continue Reading

Propel’s 12-Month Virtual Accelerator

Propel ICT, the regional tech accelerator, has revamped its programing so its companies will soon receive curriculum online over 12 months, replacing the previous 12-week, in-person program.

The pan-Atlantic-Canada organization unveiled the new system called Incite at a reception at the Halifax Central Library on Wednesday. It is the most radical shift for Propel since it launched its

Continue Reading

HotSpot Captures Region

The folks at HotSpot Parking in Fredericton are celebrating the fact their mobile parking service is spreading across Atlantic Canada. HotSpot has logged over 100,000 parking sessions since its December roll-out in Halifax and nearly 12,000 Haligonians have subscribed to its service.  

HotSpot Parking is now available in almost every major Atlantic Canadian city. Its services are free to

Continue Reading

BioPort 2018 Unveils Speakers

The keynote speakers for the 2018 BioPort conference will be Corrina Lathan, CEO of AnthroTronix in Maryland, and William Charnetski, Ontario’s Chief Health Innovation Strategist.

BioNova, which organizes the annual gathering for life science innovators, industry leaders, and investors from across North America, revealed the keynote speakers in a statement last week. BioPort will take place at

Continue Reading