Fredericton-based Inversa Systems, which makes scanning technology for the construction industry, has raised $500,000 from the New Brunswick Innovation Fund and private venture capital firm, Technology Venture Corp. of Moncton.  

The four-year-old company, which was spun out of the Laboratory for Threat Material Detection at the University of New Brunswick, manufactures inspection equipment that allows engineers to see inside large structures without taking them apart. It will use the proceeds to release a previously announced $2.1 million funding from Acoa’s Atlantic Innovation Fund.

Invest Atlantic concluded yesterday with a reasoned plea to allow the coming Regional Venture Capital Fund to make investments beyond the borders of Atlantic Canada.

The fund, being championed by Nova Scotia and New Brunswick, will have a better chance of raising capital, rewarding its backers and supporting Atlantic Canadian companies if it invests in other markets as well as the four eastern provinces, experts said.

``Putting handcuffs on the management team to look only at opportunities in the Atlantic Region would in my mind be a mistake,’’ said Dominique Bélanger, Director,

In just two years, Invest Atlantic has established itself as a leading forum for an outward-looking and cooperative business policy in Atlantic Canada.

Though conference attendance is down across the country, Invest Atlantic in its sophomore year increased paid attendance to 165 and quadrupled its attendance from Newfoundland and Labrador.

Gerry Pond, the Saint John-based chairman of the event, made an impassioned plea for the provinces to work together in attracting investment into information technology and other innovative sectors. He recited his plea for six cities (Saint John,

Editor’s note: We’ve received a lot of emails in the week since we launched, but we wanted to post this one from Orville B. Pulsiver of Grapell Bioenergy. This note spoke to us because it highlights the importance of marrying innovation with traditional resource-based industries. It’s a theme we hope to revisit frequently. P&C.

 

Hello Peter & Carol,

Your article in today's Sunday Chronicle Herald (p A-12) awakened my interest in what you are trying to do and its importance.

In 1994 I inherited a farm in Middle Musquodoboit, just one of more than 2,000 smaller farms across N.S

On Friday night, I found myself wishing I’d attended the Moncton CyberSocial’s Angel Den in July. 

I was sitting in the packed auditorium at the Dalhousie University Computer Sciences Building enjoying the ten pitches at DemoCamp Halifax, arranged by Milan Vrekic and Tony Abou-Assaleh of TitanFile.  The program alternated between the presentations by developing companies and sage advice from seasoned veterans like Tim Burke of Tether and Brent Newsome of NewPace.  The proceeds from the evening were donated to Dalhousie’s Women in Technology Society.

The Angel Den in Moncton – which I

We’ve known for months that Radian6 Technologies Inc. was a great deal, but we’re only now understanding just how great a deal it was.

Canada’s Venture Capital and Private Equity Association on Wednesday awarded its Deal of the Year to the investment by venture capital firms Summerhill Venture Partners, Brightspark Ventures and BDC Venture Capital. The three firms invested a total of $9 million in the Fredericton group that analyses social media posts. When Radian6 sold out to Salesforce.com of San Francisco this year for $326 million, the VCs pocketed $205 million.

The Venture Capital

Sailing into the busiest week of the autumn, there might be a few innovators feeling a bit of stage fright today. At least 10 startups and researchers are pitching in public in the next five days in Halifax.

There will be five researchers pitching at the BioInnovation Challenge at BioPort on Wednesday, four at Invest Atlantic on Monday and a few at DemoCamp Halifax on Friday night.

The BioInnovation Challenge is presented by BioNova, Nova Scotia’s life science association, and the five pitchers are finalists in a lengthy process aimed at increasing the commercialization of biotech and

After six years spent building a network of investors, the First Angel Network is undergoing changes that will enhance the benefits it brings to Atlantic Canadian businesses.

The changes range from a cosmetic shift like opening a new office to deepening its management team and expanding its geographic base in investments and portfolio companies. FAN has even changed the process it uses in selecting portfolio companies.

Co-founders Ross Finlay and Brian Lowe remain the pillars of the organization, but they have added business analyst Nicole LeBlanc. A certified general accountant,

Green Imaging Technologies of Fredericton is beginning to reap the rewards of its partnership with Oxford Instruments of Britain, as the two companies on Monday released their fully integrated Nuclear Magnetic Resonance (NMR) cell for performing overburden studies.

The two companies, which announced a partnership in May, launched the new cell at the Society of Core Analysts (SCA) Symposium in Austin, Texas.

Green Imaging was formed about five years ago by Derrick and Jill Green to make it easier, faster and more economical for petroleum companies to study the core samples they extract

The venture capital investor didn’t bother trying to hide his contempt for my theory. ``It’s just because of one deal,’’ he shot back as we chatted last week.

I’d just said that the investment, entrepreneurship and innovation community in Atlantic Canada was at a watershed moment, that the environment had changed just in the past year and that the change was permanent. For example, I cited Thomson Reuters data showing the total VC investments in Nova Scotia had averaged $17.5 million in 2009 and 2010. Already in 2011, six deals have been announced worth more than $42 million. So, with