Charlottetown’s Startup Zone Names New CEO and EIR

Charlottetown-based innovation hub Startup Zone has named Sheryl MacAulay, its new CEO and local businessman Mikey Wasnidge as Entrepreneur in Residence.

An Islander herself, MacAulay is arriving from the Greater Charlottetown Area Chamber of Commerce, where she served as Director of Policy and Communications.

“If this past year has taught us anything, it’s that no idea is off limits,” said

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Passiv Now Manages $1B in Assets

Passiv, the Fredericton company that helps passive investors rebalance their portfolios, has been growing so strongly that it can now say investors are using its software to manage $1 billion in assets.

The company experienced strong growth in 2020 due to a surge in stock market investing, and because of its relationships with Canadian online brokerage Questrade and other brokerages. And the

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Genesis Partners with BDO Canada

St. John’s-based Genesis, Memorial University’s incubator for tech startups, has announced a partnership with the St. John’s office of BDO Canada, which is designed to benefit entrepreneurs in its Enterprise program. 

BDO, a global accounting firm, will provide Genesis clients, who are all in the early years of growing their ventures, with workshops, mentoring and other resources, including

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ServUs Eyes Expansion

After building up its business in British Columbia, Fredericton-based ServUs Health is looking to expand on the West Coast and in its home market of New Brunswick.

The web-based company helps seniors and their carers find vetted service providers, whether they’re plumbers, electricians or physiotherapists – anyone who can help make life easier for the elderly living on their own.

Since October,

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MySafe Lands $3.5M Grant

Health Canada has awarded a $3.49 million grant to the MySafe Society to help fund the roll-out of five opioid dispensers manufactured by Dartmouth-based Dispension Industries.

The federal Health Department said this week it would make the funding through its Substance Use and Addictions Program to help prevent drug overdoses. The MySafe Society initiated a program in 2019 that would use

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Granville’s Swab Approved

Health Canada has approved the Granville Swab, a new product created by St. John’s-based Granville Biomedical.

During the pandemic, company Co-Founder and registered nurse Crystal Northcott has been swabbing people for the COVID-19 virus in Newfoundland and Labrador, and it’s intended that the new swab will be used in COVID-19 testing.

“As a medical professional witnessing the COVID-19 pandemic

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Dickinson in Outcast’s $10M Round

Dartmouth-based Outcast Foods, which makes powdered food products from rejected produce, has closed a $10 million funding round, half of which came from the fund led by Arlene Dickinson of Dragons’ Den fame.

Outcast will use the money to expand its plant in Dartmouth and build a plant in Southern Ontario that will have the capacity to generate up to $30 million in revenue annually. That will

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SomaDetect Unveils $6M Raise

Agtech company SomaDetect has closed a $6 million venture capital round led by Ag Tech Canada, and intends to use the funds to accelerate adoption of its sensor technology that monitors the health of dairy herds.

As well as the Tillsonburg, Ont.- based private equity fund Ag Tech Canada, the funders participating in the round are Merck Animal Health Ventures, Builders VC and Wilbur Ellis’

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Snorble Set for Indiegogo Campaign

Snorble, an automated bedtime companion for children, has been chosen for a high-impact campaign on Indiegogo, says its Halifax-based designer Mike Rizkalla.

Snorble is a soft toy, about the size of a teddy bear, that uses voice recognition software and artificial intelligence to encourage children to get ready for bed and go to sleep with no fuss. It helps the child with pre-bedtime routines

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