A Call for Permissionless Innovation

Last fall the C.D. Howe Institute published a report titled, "Measuring Innovation in Canada: The Tale Told by Patent Applications". Innovation is a fickle concept, and patents only tell part of the story. Yet when one sees that Atlantic Canada ranks last and well below the national average, it's hard to deny that we have a problem.

Readers of Entrevestor are well informed of the vibrancy of the East Coast startup scene, especially for its size. But venture capital and startup firms are not identical to innovation. They represent the fuel and ignition behind new ideas, and as any good Cub

Continue Reading

Press Release: VetHealth Set for PEI

The P.E.I. BioAlliance, the organization that promotes the life sciences industry in the province, has issued the following press release:

Animal Health and Nutrition Businesses Converge on PEI

Charlottetown, PEI (May 25, 2015) – North America’s premier International Animal Health and Nutrition Business Conference – VetHealth Global – will convene in Charlottetown, Prince Edward Island, June 8-10, 2015.

Since 2007, this biennial conference has generated international interest for its ability to attract senior executives, investors, inventive startups, regulators, and researchers from

Continue Reading

22 Startups to Present at AVF

Critical Path Group has named the 22 companies that will present at the Atlantic Venture Forum and tell their stories to investors assembled from across the U.S. and Canada.

The third annual AVF, organized by Critical Path Group, will take place at the Westin Nova Scotian in Halifax on June 10 and 11. The event brings together investors and entrepreneurs in Atlantic Canada’s clean-tech,

Continue Reading

Woodland: Lawyer Turned Entrepreneur

As a lawyer, Mandy Woodland specializes in offering entrepreneurs affordable legal advice. Now, she’s also CEO of Caetum, a tech startup that aims to make clinical research easier and more successful.

Woodland said Caetum will create a cloud-based application for budgeting and organizing clinical trials that will be cheaper, easier to use and offer better predictive analysis than competing

Continue Reading

PropelICT Names 33 Cohort Members

Six diverse startups from around the region have been accepted into the PropelICT Build program this summer, headlining a record intake of 33 companies in the accelerator’s sixth cohort.

The PropelICT accelerator has grown into a two-tier system that operates in four cities. The flagship is the Build program in Moncton for more advanced companies, led by former Propel Executive Director Trevor MacAusland.

Younger companies are mentored in the Launch program in Halifax (led by Entrepreneur-in-Residence Ying Tam), Fredericton (Entrepreneur-in-Residence Al Sturgeon) and St. John’s (Propel

Continue Reading

Nature’s Way Buys Ascenta

Ascenta Health Ltd., the Dartmouth maker of natural beauty products, has exited.

The company said Tuesday it was bought by Nature’s Way, an affiliate of Dr. Willmar Schwabe Pharmaceuticals of Germany for an undisclosed amount. The company in 2009 received a $4 million venture capital investment from Avrio Capital of Alberta. 

We were out of town when this story broke and will have more on the deal next week. For now, here is the press release:

Ascenta Health Announces Acquisition By Nature’s Way

Halifax, May 19, 2015 – Ascenta Health Limited announced today that it has entered into

Continue Reading

Press Release: Biorefinery Event Set

Le Collège communautaire du Nouveau‐Brunswick, Springboard Atlantic and BioNB have issued the following press release:

Changing the World One Technology at a Time: The Atlantic Biorefinery Conference to Kick Off in Edmundston

May 21, 2015 (Fredericton, NB) ‐ The Atlantic Biorefinery Conference, Canada’s premier conference on biorefining and bioprocessing, will kick off May 27th – 29th in Edmundston, New Brunswick. What started out as an idea for a small Atlantic event around current issues in biorefining, has transformed into a conference that attracts international presenters and

Continue Reading

Press Release: RtTech Wins Award

BDC and the Canadian Venture Capital & Private Equity Association has issued the following press release:

BDC and CVCA award RtTech Software BDC Innovation Award for industrial app development

RtTech’s software deployed across 14 countries, 24 blue chip companies and 55 industrial sites

Toronto, ON – May 21, 2015 – RtTech Software, a New Brunswick based software company specializing in industrial app development, has been recognized by the Canadian Venture Capital & Private Equity Association (CVCA) as the BDC Innovation Award winner for 2015. The award recognizes an early-stage

Continue Reading

StockCalc Modernizes Stock Analytics

An intriguing company in Miramichi, N.B., will soon let people not only analyze publicly listed stocks by themselves but help more qualified users sell their analysis reports to others.

Patchell Brook Equity Analytics Inc. has developed a tool that allows people who follow the market to analyze publicly traded companies based on fundamental valuations. The results can be shared with others, and soon the company will provide a virtual storefront so people can sell their reports.

“We’re into a marketplace where individuals can be located anywhere and do the analysis on any publicly traded

Continue Reading

CarbonCure Closes $3M Round

Green building materials maker CarbonCure Technologies has closed a $3 million round of funding, which it will use to launch its new ready-mix product. The Halifax company expects the funding will last until it reaches profitability, likely next year.

First-time investor Pangaea Ventures, a Vancouver venture capital firm specializing in advanced materials, led the round with a $1.75 million

Continue Reading