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

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

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

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

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

The Halifax-based Canadian Blk Women in Excellence Society is launching a pitch competition for black female entrepreneurs with the help of a $52,920 grant from the Atlantic Canada Opportunities Agency.

Founded in 2020, the Blk Women in Excellence Society engages in political advocacy, but also offers support and training programs for entrepreneurs, including its 16-week flagship startup

Recimply, which is developing “smart receipt” software, has won the $2,000 first prize at St. John’s-based startup hub Genesis’s Pitch & Pick competition — the culmination of its eight-week Evolution accelerator.

The company was founded by Tyler Pike, an economics student at Memorial University, and his boss at HSBC, Private Client Market Lead for the Atlantic Provinces Manoj Khandavelli. The

Halifax cybersecurity company NewAE Technology, which manufactures products to study "hardware hacking", has been acquired by Britain's lowRISC C.I.C., with the aim of accelerating growth. 

LowRISC, which was founded at the University of Cambridge in 2018, is a not-for-profit organization that encourages collaboration in open-source chip designs. It issued a press release announcing the

The Federation of African Canadian Economics, or FACE, recently celebrated the first anniversary of its founding, capping off a year in which it provided financial backing to businesses, including some on the East Coast. 

Montreal-based FACE offers training and networking events for black entrepreneurs, as well as running a loan program that has so-far given out about $19 million to black-owned

Saint John-based ProcedureFlow has raised $11.8 million in a funding round that includes its existing investors and some employees, as well as newcomers Sandpiper Ventures of Halifax and the Canadian Business Growth Fund.

ProcedureFlow raised the money on the back of 600 percent user growth over four years. In an interview, CEO Daniella DeGrace said the money will go towards product development,