The New Brunswick Innovation Foundation has named the five finalists for its biennial Breakthru competition, in which early stage companies will vie for $406,000 in prizes.

The finalists -- Black Magic, CeteX, Store-it Squirrel, TotalPave and RTV – will now be entered into the Viewer’s Choice award, in which the CBC broadcasts features on each company, and viewers select their favourites.

NBIF and the law firm Cox & Palmer will announce the winner and two runners up of Breakthru as well as the Viewer’s Choice award at the Breakthru Awards Dinner at the Delta Fredericton Hotel on March

Almost two years after landing a seven-figure venture capital funding, Lymbix Inc. of Moncton is gaining revenue with a different product than the one that attracted investors.

Lymbix drew the attention of the regional startup world in April 2011 when it received $1.35 million from GrowthWorks Atlantic Venture Fund. It received the funding largely on the strength of ToneCheck, a product that runs on the company’s innovative social-media sentiment analysis application programming interface, or API, a set of tools used to build software apps.

But two years later, Lymbix’s focus has

The group producing some of the largest tech-venture conferences in Canada is coming to the Atlantic Provinces.

Spurred by the growing national interest in the region’s start-ups, the Critical Path Group announced late last week that it will host the Atlantic Venture Forum in June at the Westin Nova Scotian in Halifax. The idea behind the event is to provide a meeting place for venture capital funds to get together with local companies, dozens of which are searching for follow-on funding.

 “We work closely with the vast majority of active VC firms in Canada, and many in the U.S.,” says

Ed Leach talks about the upcoming Canada’s Business Model Competition by comparing it to the situation that used to exist in Canadian college basketball – the championships were in Halifax every year.

Dalhousie University – at which Leach teaches entrepreneurship – announced Thursday that its Rowe School of Business will hold the competition for student entrepreneurs on March 9. The winner will take home half of $30,000 in prizes, and then attend the International Business Model Competition at Harvard University May 3 and 4.

What’s significant is that it is the only Canadian venue for

As I ended a conversation Tuesday with an entrepreneur who was once funded by the First Angel Network, he said, “The worst thing that could come out of this would be for FAN to shut down.”

This is the controversy that erupted Tuesday when David Crow of StartUp North published a blog criticizing the Halifax angel network for charging entrepreneurs to pitch and taking money from the Atlantic Canada Opportunities Network.

Crow believes strongly that entrepreneurs should not pay to pitch investors. His main complaints – highlighted by boldfaced expletives – are that entrepreneurs pay FAN

The fact that RtTech Software CEO Pablo Asiron has travelled this year to Kazakhstan, Australia and the Philippines to meet clients and sales prospects shows how successful the New Brunswick company has been in international markets.

Only 16 months old, RtTech of Riverview has developed software that helps companies become more efficient with energy and their machinery. Last May, it raised $750,000 in equity investment from the New Brunswick Innovation Foundation and a group of individual investors.

Since then, the company has expanded its sales and now has 40 clients in 11 countries.

Charlottetown-based drug-discovery company Neurodyn Inc. tapped an unlikely source of capital when it announced its $1.5-million to $2-million funding round last week. It raised money from something called a “home office.” It also revealed a new trend among Atlantic Canadian biotech companies.

Regional biotechs are becoming creative in their fundraising and seeking sources beyond venture capital firms and Canadian angels. Because of the philanthropic nature of biotech, they’re able to find money from charitable foundations, family funds, and wealthy people in emerging markets.

This

ViewPoint Realty Services, a Bedford,N.S.,-based online property data and brokerage site, is reviewing its strategy with the goal of leveraging its highly successful website to draw more customers to its brokerage business.

ViewPoint is best known for its interactive online map, from which consumers can draw massive amounts of free information about the real estate market — what properties are for sale or have sold, asking and selling prices and assessments, to name a few. The business model relies on brokerage and advertising revenue.

 “A significant portion of our users see us as a

Sitting in a coffee shop on the St. Mary’s University campus, Dawn Jutla is almost dwarfed by the stack of pamphlets promoting the new program she is launching – the Master’s of Technology Entrepreneurship and Innovation.

The MTEI program at the Sobey School of Business is an accelerated graduate program that teaches people within organizations or those intent on starting their own businesses how to improve productivity through technical innovation. The program will admit 50 students when it launches in September, and will be the first of its kind in Atlantic Canada and only the third in

Strengthening its finances and team, Cape Breton healthcare administration company Health Outcomes Worldwide has landed $1.5 million in follow-on funding from Nova Scotia Business Inc. weeks after it hired Ted Maclean as Chief Executive Officer.

The company, which received $250,000 in funding from Innovacorp in 2011, will use the new funding to roll-out of the next version of its How2Trak healthcare outcomes measurement software, as well as other products.

Founded by original CEO Corrine McIsaac, Health Outcomes helps healthcare providers improve their service for patients while