AutoPulse Plans Launch in 2016

A few months after musing with his father about new technologies for the automotive industry, Sam Jesso is one step away from capturing more than $200,000 in seed funding and services to develop such a product.

Jesso heads AutoPulse, a Fredericton startup designing technology that helps auto dealerships monitor their customers’ cars.

Last week, the University of New Brunswick software engineering student found out AutoPulse was a finalist for the Continue Reading

Press Release: Local Prosperity Event

The Centre for Local Prosperity has issued the following press release:

Regional Economics Conference planned for April 2015

(Annapolis Royal, Nova Scotia) March 2, 2015.    It is widely known that small rural communities in Atlantic Canada are struggling.  A regional conference has been organized to address these issues with fresh ideas.  The conference is entitled “Local…

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Press Release: Next Propel Cohort

Propel ICT, Atlantic Canada’s startup accelerator, has issued the following press release:

Propel ICT Opens Up Applications For Next Round of Startup Programs

Programs Offered for New Startups or Established Early-Stage Companies.

St. John’s, Newfoundland and Labrador – Propel ICT, Atlantic Canada’s startup accelerator, today opened up applications for companies to take part in…

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Venture for Canada Deadline Sunday

The final Fellow application deadline for this year's Venture4Canada cohort is March 1st, 2015.  

Venture for Canada is a career accelerator for recent grads, who want to learn how to build a business, while making an impact. 

Fellows join a cohort that includes a former Apple engineer, alumni of The Next 36, and a Top 20 Under 20 recipient.  Fellows have the opportunity of working at one of Venture for Canada's…

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Zed’s Entrepreneurship Education

After five years of volunteering as a high school entrepreneurship teacher, Robert Zed is working on a new venture of his own, one that will bring entrepreneurship education to many.

Zed, chairman of Triangle Strategies of Halifax, helps a teacher at Citadel High School teach an entrepreneurship program to Grade 12 students.

“It started when one of my sons took me into school for a show and tell session,”…

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A Look at Failures in 2014

Entrevestor recently completed its second survey of Atlantic Canadian startups, and one of the striking figures was the number of companies that vanished in 2014.

Here are the basics. Of the 290 companies we surveyed last year, eight were acquired or merged with other startups. Nine moved outside the region. There were 43 that either went out of business or never really moved beyond a group of dreamers with an idea.

So the headline number is that about 15 per cent of the startups…

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WaitShare Aims at Clinic Wait Times

Fredericton-based VeroSource Solutions, a tech startup that incorporated last year, has launched its first product WaitShare, a free app that aims to inform the public about wait times at walk-in clinics and emergency rooms.

Though several startups have tried to tackle the problem of people spending too long to wait to see a doctor, WaitShare relies on crowdsourcing…

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Entrevestor InDepth

McRock, NBIF in $3M RtTech Deal

RtTech Software, whose state-of-the-art automation helps industrial companies improve manufacturing processes, will announce Tuesday that it has closed a $3-million venture capital round led by the world’s leading industrial Internet of things fund.

McRock Capital's new McRock iNFund LP will invest as much as $2.5 million in the Moncton company, while the Continue Reading

NB BioMatrix Prepares for Q4 Launch

NB BioMatrix, the New Brunswick cleantech company that won the BioInnovation Challenge last autumn, is developing into a bona fide business by adding staff and planning to launch late this year.

The Saint John company is using nano-technology to develop a biodegradable, anti-bacterial liquid that can remove heavy metals and other pollutants from waste water. The product, called Naqua-Pure, binds with water-soluble particles…

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Jutla Uses Startup Boom to Lure Talent

Halifax is gaining such a reputation for entrepreneurship that the buzz is helping Dawn Jutla attract mature students to the program she runs at the Sobey School of Business at Saint Mary’s University.

Now in its second year, the master of technology, entrepreneurship and innovation program offers graduate students the chance to gain their master’s in just eight months of part-time study, followed by an eight-month work placement or work on their own startup.

The course…

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Summit Urges Entrepreneurial Teaching

Academic, business and political leaders came together in Halifax on Thursday to call for reform in post-secondary education, and including a greater emphasis on teaching entrepreneurship.

The speakers at the Atlantic Leaders Summit organized by the Atlantic Association of Universities voiced a near unanimous message that the region’s institutes of high education need reform, or at least improvement. They have the…

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Nova Scotia’s Next VC Fund

One of the overlooked segments of Premier Stephen McNeil’s State of the Province speech last week was his revelation that Nova Scotia will soon proceed with a new public-private venture capital fund.

On Feb. 11, McNeil delivered his address to the Halifax Chamber of Commerce, and the focus was on the need for change, reinforcing the theme of the Ivany report.

But he also noted that the province would soon release a request for proposals for a private-sector venture capital…

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Pond Tells Students: Dream Big

The following is the text of an address by Gerry Pond given at the recent Saint Mary’s University convocation, where he was awarded an honorary doctorate:

As you graduate from this fine university and begin the next stage in your journey, you will receive considerable amounts of advice, all well intentioned, and much of it useful. Let me add my voice to the chorus with some thoughts on how you can take what you’ve learned here at Saint…

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Kurzweil Coming to Big Data Congress

The third annual Big Data Congress, to be held in Halifax this October, will feature as its keynote speaker Google’s Director of Engineering Ray Kurzweil.

The brainchild of T4G CEO Geoff Flood, the first two Congresses were held in Saint John and both attracted more than 600 delegates even though they were held in the depth of winter. The event is designed to promote the use…

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Press Release: Startup Week in NB

The organizers of East Coast Startup Week in Fredericton have issued the following press release:

A Week of Innovation and Entrepreneurship with Something for Everyone! Press Release:

FREDERICTON, NB – The blossoming East Coast start-up scene will get a major boost with the second iteration of East Coast Startup Week, a series of events being held on March 16 to 22 in Fredericton, New Brunswick.…

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Corbett’s Passion Born in Frustration

People give many reasons for assisting others. Frustration isn’t usually among them, although that helps motivate New Brunswick entrepreneur Rivers Corbett.

Corbett, the co-founder of Relish Gourmet Burgers, spends a lot of time mentoring young entrepreneurs and speaking to high school students.

He strives to make youngsters realize that they can become entrepreneurs.

“I’m focused and passionate about…

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Thanks for Aiding our Survey Campaign

We’ve almost reached our target of getting surveys submitted by about half of the Atlantic Canadian startup community.

The response has been fantastic and I want to thank everyone who completed the survey. I especially want to thank those who were patient with my persistent nagging.

We’d still like to get more surveys in, so if you haven’t completed one, please do…

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TopLog Strikes Deal with Bitnami

Halifax’s topLog announced Wednesday its new product for application developers will soon be available on the Bitnami platform, which should help increase its distribution.

For the last two years, topLog has been developing software that helps notify developers and system administrators if there is a problem on their system and to sort out any troubles quickly.

The company will soon launch a “freemium” version, meaning…

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The Next36 Seeks Post-Uni Startups

The Next36, an entrepreneurship non-profit based in Toronto, wants Atlantic Canadian startup founders to apply to join this year’s cohort of 20 founders for The Next Founders, a program to accelerate startup growth.

The Next36 has been around for five years, but for the first three years it’s been solely focused on growing undergraduates’ startups. The program allows undergraduates…

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Doctor’s Orders Develops Smart Cane

Fielding a question from a judge at the BioInnovation Challenge last year, Graeme Powell hesitated for a second, then said that, no, his company is not just making a walking stick with a bathroom scale in it.

The company, Doctor’s Orders of Fredericton, is designing a “smart cane” to help speed the recovery of people who have had surgery like knee or hip replacements.…

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MacAusland: Our Size Is Our Strength

One of the benefits of schlepping across the Cobequid Pass on a regular basis is that it gives me time to decompress from the chaotic nature of running one of Canada’s best accelerator programs. Typically that means tuning into CBC’s Vinyl Café. The show is an hour-long variety format featuring short stories. On a recent trip one of their stories got me thinking about our value proposition as a region to entrepreneurs, businesses and investors. The story was about Dave, who…

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Using Tech to Aid Native Schools

After refining its educational databases that track the progress of First Nations students, Dadavan Systems is demonstrating its commitment to social good by acquiring B-Corp (Benefit Corp.) certification.

A growing U.S.-based initiative, B-Corp certification requires companies to prove that they meet high standards in terms of social and environmental practices, accountability and transparency.

B-Corp status is tough to acquire. Dadavan is just the eighth company in Nova Scotia…

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Reminder to Complete Our Survey

We’re into the final week of the Entrevestor Survey, and are thrilled with the response we’ve received from the startup community.

So far about 100 founders have taken the three minutes to complete the survey and help out both Entrevestor and the startup community.

Just how much this survey helps the community became apparent to me on Wednesday when I presented our data…

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Dan Martell Sells Clarity to Fundable

Dan Martell has sold Moncton-based entrepreneurial advice platform Clarity to the business-funding site Fundable of Columbus, OH., for an undisclosed price.

Clarity, which connects entrepreneurs and others with a network of mentors around the world, will now become part of Fundable’s new startups.co launch platform for startups. The other components of startups.co are Launchrock.com…

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Entrevestor InDepth

Celtx Raises $3.3M from Build, Killick

Celtx Inc. of St. John’s, has raised $3.3 million in a funding round led by Build Ventures, and plans to use the capital to accelerate the already-stellar growth of its pre-production software for the film and video industries.

Led by CEO Mark Kennedy, Celtx has been a pioneer in producing a range of software for film writers, designers, producers and others involved in “scripted…

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Hamblin Leading Startup Halifax

It started with a brief email enquiry to Startup Canada in which John Hamblin asked about the process of creating a Startup Halifax.

Hamblin had been startled to learn that Halifax’s thriving startup community didn’t have its own chapter of the influential national organization.

Now, just a few months later, the retiree is surprised to find himself leading one from his home.

Hamblin retired as president…

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Venture for Canada Seeking Grads

Venture for Canada, the non-profit that connects top Canadian university grads with Canadian startups requiring talent, has announced that it has now forged partnerships with 70 startups.

The group also calls on grads to apply before its final Fellow application deadline of March 1 this year. Selected Fellows will become members of a cohort that includes Next 36 alumni, a former Apple engineer, and a Top 20 Under 20 recipient.

Based…

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Daxonics Eyes Production in 2017

In about two years, a Halifax startup that grew out of Dalhousie University plans to open a production facility for cutting-edge ultrasound devices that allow sharper images of such organs as eyes and skin.

Daxsonics Ultrasound is designing and prototyping array-based, high-frequency ultrasound devices and plans to begin production in 2017.

 “We provide higher resolution and a sharper, deeper image than what’s on the market now,”…

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My Submission to the NS Tax Review

The following is my submission to the Nova Scotia Finance Minister on the province's tax review, which I sent yesterday:

Dear Ms. Whalen,

I’m writing you during your budget consultation process to encourage you to liberalize the Equity Tax Credits, which is essential for sustaining the fastest growing segment of the Nova Scotia economy.

I join Jevon MacDonald in his call for a minimum investment ceiling of $250,000 and…

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NS Founders Want Better Tax Credit

A campaign is afoot to persuade the Nova Scotia government to increase its incentives for private investment in the fastest-growing segment of the economy.

The digital and startup communities in Nova Scotia want the Finance Department to liberalize Equity Tax Credits for high-growth companies, including startups.

Any column discussing both taxation and technology…

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A Champion of Our Booming IT Sector

Nova Scotia’s digital technologies industry is booming, but the workforce lacks diversity.

That’s something Ulrike Bahr-Gedalia, president and CEO of Digital Nova Scotia, is working to change.

Incorporated in 1989, it is a non-profit that strives to promote Nova Scotia’s $2.5-billion digital industry; this figure includes the $1.5-billion industry itself and $1 billion in spinoff benefits.

Information and…

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Press Release: EOLIO’s New Partner

EOLIO, a Halifax company that helps people with their personal online branding, has issued the following press release:

Halifax Partnership and Local Start-up eOLIO Announce Partnership

HALIFAX, NS – January 22, 2015: The Halifax Partnership announced today a partnership with local start-up eOLIO, its first start-up partner and newest investor.

The Halifax Partnership…

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Matt’s Got Balls—And Great Margins

The greatest thing about Matt’s Got Balls is obviously the company’s name, but a close second may be its margins.

The Fredericton startupis the brainchild of Matt Vance, a University of New Brunswick engineering student with a blazing passion for golf. He has teamed up with his father, Kevin, and fellow student Josh Ogden to produce a business that retrieves golf balls from golf course water hazards and sell them online.

 “What we’re developing now…

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Mansa Capital Joins Accreon MBO

Accreon, one of the largest tech consultancies in Atlantic Canada, is restructuring its ownership and leadership through a leveraged management buyout involving the Boston-based private equity firm, Mansa Capital.

Fredericton-based Accreon, which specializes in information technology for the healthcare industry, issued a statement on Tuesday saying it is in the final stages of the buyout. It did not reveal the…

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After Pivot, Swapskis Is Now Vendeve

To reflect the evolution of its business model, Swapskis is changing its name to Vendeve.

The Halifax startup began last year with the mission of helping women barter their skills with one another, so they could build up resumés and networks and eventually charge real cash for their services. Last summer, Founder and CEO Katelyn Bourgoin realized a better way to generate revenue for the business would be to be a cash-based market place for…

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Press Release: SageCrowd in Boston

SageCrowd, a Halifax startup that develops online networks for personal improvement authors, has issued the following press release:

SAGECROWD BRINGS ITS LEARNING SCIENCES TO BOSTON’S LEARNLAUNCH EDTECH ENTREPRENEURSHIP CAMPUS

Halifax, January 21, 2015 – Today sageCrowd announced it has agreed to join Boston’s influential edtech incubator LearnLaunch. In the agreement sageCrowd will become an advisor to…

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2 New Products Driving Current Studios

Current Studios is enjoying its best quarter of business ever largely because of two digital games it’s developed.

One aids children’s health care, and the other ties in with new bedding on the market. If they have one common trait, it’s that they’re both a testament to the creativity of this Dartmouth company.

Current Studios began as Ad-Dispatch, a startup that specialized in augmented reality. That lets you…

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Qimple Accepted into 500 Startups

A month after revealing it’s attracted an impressive set of investors, Qimple has been accepted into one of the best-known accelerators in the world.

The Moncton online recruitment company is one of about 30 startups that will attend the coming cohort of 500 Startups in San Francisco.

Qimple CEO Yves Boudreau found out Monday that his company had been accepted, and he leaves Saturday to attend the 14-week program.…

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Press Release: SimplyCast CRM

SimplyCast, the Dartmouth-based multi-channel marketing startup, has issued the following press release:

SimplyCast Introduces Free CRM Solution and Sales Pipeline Acceleration Tool

SimplyCast is launching its own powerful customer relationship management solution, SimplyCast CRM.

SimplyCast CRM enables businesses to track and manage customers and leads with detailed personal profiles that are dynamically updated…

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Equals6’s New Mentorship Platform

With its core social network for students reaching a critical mass, Equals6 launched a new product this week that helps universities co-ordinate their mentoring networks.

The Halifax startup has just introduced Students2Mentors, a cloud-based platform that streamlines the creation and management of mentorship programs.

The company has set up students2mentors.com, and universities and colleges can develop…

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Deloitte TMT Show Hits NB, NS

Deloitte, the international accountancy and business consultancy, has released its 2015 predictions on technology, media and telecommunications, and launched its Canadian roadshow to showcase them.

Ahead of the tour making two stops in Atlantic Canada next week, we’re publishing their predictions below.

Duncan Stewart, the Director of TMT Research at Deloitte Canada, will present the predictions Monday at 8:15 am at the Cineplex…

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SONA Eyes Nano Production in 2015

By this summer, a new startup based in Sydney hopes to be producing gold nano particles to be used in the diagnosis and treatment of soft tissue cancers.

SONA Nano Tech recently won $50,000 in Innovacorp’s Spark competition and is using the money to establish itself in the Sydney startup community. The company is now working at raising $300,000 to $500,000 with which it…

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UIT Starts to Showcase Its Progress

The UIT program at Cape Breton University reached a milestone Monday when its dozen students were to present their best ideas to the members of the One Nova Scotia Coalition.

UIT is a new technology and entrepreneurship program championed by Gavin Uhma, the CBU graduate who went on to co-found GoInstant, one of Nova Scotia’s most successful startups. The program offers free tuition to 12 students, divided…

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Founders Still Irked by SR&ED Issue

Since we reported on the federal government’s Scientific Research and Experimental Development program two months ago, we’ve heard a strong message from several Atlantic Canadian entrepreneurs. They’re angry at that their claims under the program are either being denied or held up in an appeal process that is taking too long to settle. The word “anger” may understate the sentiment. There’s…

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NY Startup’s NS Development Team

Libbe Englander’s voice mail was a sign that fresh opportunities are brewing in the tech segment in Atlantic Canada.

On Tuesday, Englander called Entrevestor and left a message asking if we have a job board. She wanted to know because her company, Pharm3r (pronounced farmer) is hiring developers in the Halifax area.

Nothing unusual in that. Most companies I speak to are looking for programmers. What caught my interest is the fact that…

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Planet Hatch’s Startup Crash Course

Planet Hatch, the Fredericton-based startup hub, is hosting a three-day “pre-accelerator” to give novice entrepreneurs an introduction to the field.

The Startup Crash Course will take place on Jan. 31, Feb. 14 and Feb. 15 at Planet Hatch in Knowledge Park in Fredericton. Applications, which must be submitted by Jan. 20, are available here.

“The…

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Launching Our Latest Survey

Entrevestor today is launching its second annual campaign to collect data from startups across Atlantic Canada, with the goal of again publishing metrics that are vital to the development of the startup community.

Last year, Entrevestor surveyed about 300 startups, promising confidentiality to all the respondents. We published the aggregated data free for everyone in our Entrevestor Intelligence reports and produced a premium analysis for paying customers.

We’re hoping startup…

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BDC, NBIF in $750K Smartpods Deal

Smartpods has raised $750,000 in equity financing to help it battle one of society’s great health problems: sitting.

The Dieppe, N.B., company makes tables that have work areas that automatically rise, fall and move from side to side to get users off their butts.

Its technology controls the movement of the working space, and it is finding customers among corporations and government.

Having graduated in November from the Launch36…

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Fundmetric Lands BDC Investment

Continuing to gain momentum, Fundmetric of Halifax last week received a $150,000 convertible note from BDC Venture Capital.

The startup actually became the 100th startup in Canada to receive convertible notes from the VC arm of the Business Development Bank of Canada after graduating from a Canadian accelerator. Fundmetric, which helps charities…

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Here’s What We’re Looking for in 2015

To understand what to watch in the Atlantic Canadian startup community in 2015, take a look at Avigilon Corp.

It’s not an Atlantic Canadian company. It’s a maker of high-resolution surveillance systems based in Vancouver. But Avigilon is the type of company that the startup cognoscenti are trying to develop on the East Coast, which makes it an interesting starting point for our outlook for 2015.

Basically, the regional startup community…

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Happy New Year to #Startupeast

Happy 2015 to the Atlantic Canadian startup community. 

We hope all of you have had a relaxing and happy holiday season and are ready to do and witness incredible things in 2015. 

We're pumped about what lies ahead of us in 2015. Entrevestor will continue to chronicle the development of the East Coast startup community, starting with our outlook for 2015 today. While it focuses on a single Atlantic Canadian issue, the big change for Entrevestor in the next few months…

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Happy Holidays to our Readers

Our greatest hope today is that your holidays are happy and that your undertakings in 2015 will be fruitful and fun.

For many of us in the Atlantic Canadian startup family, 2014 was great year. The biggest achievement was probably PropelICT crushing its target for Launch36, but it was not alone. There was the $60 million funding by Verafin, and exits by UserEvents, Compilr, Newpace and G2 Research. There was CAIP funding for PropelICT and the PEI BioAlliance. There was the inaugural Startup…

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Brownie Points Pivots at FounderFuel

Matthew Stenback and Adam Puddicombe returned to St. John’s this month from three months of intense mentorship at the FounderFuel accelerator with a new target market for their company Brownie Points.

The two former business students from Memorial University in Newfoundland were among the first Atlantic Canadians to attend the Montreal-based accelerator. During the intense course, they learned the…

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Deloitte To Buy SwiftRadius

Deloitte, one of the Big Four global accounting firms, has agreed to buy Fredericton-based tech consultancy SwiftRadius, marking the second time this year an accounting practice has bought an Atlantic Canadian tech company.

The companies did not reveal the value of the deal, only saying it will close in January. In May, Saint John-based Ambir Solutions, one of Atlantic Canada’s leading technology…

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Kay Thrilled by Memogain’s Prospects

Denis Kay has been a scientist for a long time, but he’s most thrilled by his current role working on a promising drug for Alzheimer’s disease.

Alzheimer’s is an escalating problem in aging societies. It’s estimated that the worldwide annual market for Alzheimer’s drugs is already $3.8 billion, although the cost to society is far greater.

“Sometimes I can’t sleep at night because of my excitement over the drug and working for a small biotech…

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Caetum Planning 2015 Launch

Caetum, a Halifax company that emerged from St. Mary’s University’s graduate program for startups, is preparing to launch an online product next year aimed at solving a huge pain for clinical researchers.

The company is producing a digital platform that helps clinical research sites budget for their projects, something that can be a surprisingly large challenge.

Though there is software on the market that helps with such tasks, it is…

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Grammer on Investing in #Startupeast

A few years ago, my partners and I at Rho Canada Ventures began to notice the opportunities occurring in Atlantic Canada, and I started spending more time here.

Today, we feel really lucky I did.

We’ve found a rich vein of tech companies on the East Coast, and we were able to invest in them before many of our competitors had heard of them.

We set up Rho Canada in Montreal in 2006 with the vision of establishing a truly national…

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Eight Winners in Spark Cape Breton

A diverse group of entrepreneurs — from a 15-year-old to a group of nursing students to a pair of St. Francis Xavier University professors —have been named winners of the second annual Spark Cape Breton entrepreneurship competition.

Innovacorp, the provincial innovation agency, has announced eight winners will divide the total prize money of $200,000, up from six winners in the first competition last year.

Innovacorp, the Atlantic…

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Searching the Globe for Talent

When he was working as a chemist in Iran, Mostafa Aghaei developed a solution from natural polymers that successfully combatted the erosion and movement of sand dunes – a huge problem in the desert nation.

When he came to Canada three years ago, he became an entrepreneur and began looking for local applications for his unique nanocoil product; a natural solution that becomes a fixative when it hardens.

And now he’s on the right track. Aghaei’s company, Biopolynet…

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Dinn Brings Propel New Perspective

After a career spent proving his adaptability, Gary Dinn is now focused on preparing Atlantic Canadian companies for the global market through his role at a regional mentoring group.

Dinn has recently taken over as CEO of Propel-ICT, the group that runs Launch36, the biggest business accelerator east of Montreal.

Under the banner Propel 2.0, Dinn and his team are aiming to launch 420 startups over the next five years. Some of these will come from…

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Breakthru Prizes Reach $750,000

The New Brunswick Innovation Foundation’s current Breakthru competition will be dramatically bigger than the 2013 edition, both in terms of number of participants and total prizes.

The New Brunswick innovation agency announced this morning that it received applications for the biennial startup competition from 62 teams representing 108 entrepreneurs from all over New Brunswick. In the 2013 event, there were 47 entries.

The total prizes will…

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Expanding Bungalo Moves Into PEI

Bungalo may be the only company working out of the Volta startup hub in Halifax that can legitimately claim expansion into Prince Edward Island is part of an international growth strategy.

The online cottage rental platform did just that this week, and the “international” part is convincing because the company began life in Iceland.

The tech startup, which is in the process of raising $1…

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Our New Report on the Global Market

Though it was a holiday, Pablo Asiron felt distinctly un-festive.

It was -40 Celsius outside.  He was in a land where he didn’t understand the language, or even the lettering on the street signs. And his dinner that night consisted of a Snickers bar he found in his suitcase.

For the sake of a sale, the CEO of Riverview, N.B.-based RtTech Software had come to a small mining town in Kazakhstan in December 2012 to view the facility.…

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Press Release: Wagepoint Gets $2M

Wagepoint, which has developed a SaaS payroll product,  has issued the following press release. The company is a former Volta member, and still has a development team in Nova Scotia.

Wagepoint Announces $2 Million in Seed Funding to Expand US Small Business Market Presence and Product Lines

Led by Extreme Venture Partners, with Business Development Bank of Canada (BDC), Atlantic Canada Opportunities Agencies (ACOA), and Canadian and US angel investors

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What’s Next in Startup Education?

There have been a flood of reminders in the past week of how the region’s universities are developing entrepreneurship programs, each staking out a distinct turf.  

Dalhousie and St. Mary’s both held demo-days for student startup teams last week. The Genesis Centre at Memorial University of Newfoundland held a graduation party for SubC Imaging, a tenant company that makes imaging products for underwater remotely operated vehicles.  There was a seminar on Big Data…

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New Platform Boosts Leadsift

Building a new business is a multi-faceted challenge, something Tukan Das and Sreejata Chatterjee, co-founders of social media analytics company Leadsift, have learned the hard way.

During its first 18 months, Leadsift struggled to hit its milestones for gaining clients and revenue. But since repositioning itself in December 2013, the company is seeing revenue growth of about 70 per cent a year.

The Halifax-based founders have refined the…

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Qimple Lures Dream Team of Backers

The big news about Qimple isn’t merely that it’s closing a $600,000 funding round when it’s barely a year old. It’s the dream team of investors and advisers that the online recruitment company has assembled.

Moncton’s Qimple, which graduated from the Launch36 accelerator in June, makes the hiring process easier for both recruiters and applicants due to its applicant tracking system and proprietary…

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The Year of Modest Exits

Tom Gilgan laughed and shook his head. “Oh no,” said the co-founder and CEO of G2 Research of Dartmouth. “We’re not a Radian6. But what we’re happy about is we did this with a company we started from nothing.”

The “this” Gilgan referred to was his geo-location software company’s successful sale to Track Group of Salt Lake City for $4.6 million in November.

The G2 Research sale…

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Propel’s Entrepreneurs-in-Residence

Propel ICT is looking for a couple of experienced entrepreneurs to serve as entrepreneurs-in-residence in two centres in Atlantic Canada.

The organization that oversees the Launch36 accelerator hopes to have two entrepreneurs-in-residence in place in the near future to help work with startup founders on developing their businesses.

Propel began 11 years ago as a Saint John-based IT group, and has progressively spread across Atlantic Canada. …

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Press Release: Volta Adds Klugman

Halifax, Nova Scotia, November 27, 2014 - Volta is pleased to announce that Iain Klugman, the President & CEO of Communitech has joined their Board of Directors. As the Halifax startup house prepares to move into the old Library, expanding the Board of Directors is a key element of the strategic plan. Iain’s experience in growing Communitech and the Waterloo Region startup community will bring valuable…

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Gauvin’s Mission to Teach Code

Fuelled by a desire to boost the number of people who can write computer code, Simon Gauvin has created Vizwik.com, a social platform that allows anyone to learn computer coding for free and to create and sell apps that work on any mobile phone browser.

Gauvin, 50, is CEO and co-founder of Moncton startup Agora Mobile. He said his cloud-based method of teaching coding uses graphical code, making it more accessible than competing products that use textual…

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The Rounds Adds to Seed Funding

The Rounds, the Halifax startup that operates a social network for medical professionals, has added $565,000 in equity investment to its seed round, which it will use to accelerate its rapid growth.

Having launched its closed network for physicians in February, the company now says it is targeting having 26,000 doctors enrolled on the site by the end of 2014.

“This funding isn’t meant to extend our runway; it will be used to grow…

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A Difficult Year in SR&ED Claims

One subject that has cropped up increasingly in recent conversations about Atlantic Canada startups is the difficulty many have had this year with the federal government’s Scientific Research and Experimental Development program.

Known as SR&ED and pronounced “sred,” the program administered by the Canadian Revenue Agency has long been used by small and large Canadian companies to finance research…

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