TitanFile Wins Canada-US Award

File-sharing enterprise TitanFile Inc. of Halifax has been named the joint winner of an award aimed at recognizing young companies contributing to Canada-U.S. collaboration.

The U.S. Embassy in Ottawa is holding a conference Wednesday titled The Canada-U.S. Partnership: Enhancing the Innovation Ecosystem, and in honor of the conference it held a contest for startups whose work contributed to cooperation between the countries. TitanFile and FloorNav3D of Toronto won the competition and are invited to the conference in Ottawa.

Founded by Milan Vrekic and Tony Abou-Assaleh, TitanFile’s

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Health Outcomes Secures $840,000

Cape Breton healthcare administration company Health Outcomes Worldwide has secured $840,000 in funding from federal and provincial governments to help with the roll-out of its new how2trak product.

Innovacorp, the Nova Scotia government’s innovation agency, said this morning it has made an equity investment of $250,000 in the New Waterford-based company. And the Atlantic Canada Opportunities Agency said in a posting on its website that it has extended Health Outcomes a $500,000 provisionally repayable contribution, which means it will have to be wholly or partially repaid under certain

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Soricimed Eyes Phase I Trials in ‘12

 With a new in-licensing deal signed and sealed, Sackville, N.B.-based biotech Soricimed Biopharma is preparing to begin its Phase I human tests for its own cancer drug and cancer diagnostic product in 2012.

On Wednesday, the company announced that it has in-licensed a proprietary peptide from the University Health Network of Toronto so it can commercialize the drug. A peptide is a small protein, and this particular peptide can stop growth in cervical, bone and lung cancer cells. It has similar properties to the peptide Soricimed has been developing for the past six years.

In an

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MediaSpark Preps GoVenture World

Fresh from the introduction of new training software products, Mathew Georghiou is gearing up to launch a software he believes could change the face of online entrepreneurship training.

Georghiou is the CEO of MediaSpark of Sydney, whose main business is producing GoVenture training software that educates employees through simulations, social features and gaming. On Oct. 18, the company announced the launch of GoVenture Any Business, which can be customized to train the staff of any enterprise in any sector. The new simulation has already received a Gold Omni Award with a perfect 10.0

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Perfect Regional VC Manager Needed

With a bit of luck, Wilson Executive Search has the wisdom of Solomon because it will need it to find the perfect manager for the new regional venture fund for Atlantic Canada.

The Halifax recruitment firm was mandated on Sept. 1 to find a “qualified individual or company” by late November to lead the fund, to which Nova Scotia and New Brunswick have both committed $15 million.

So far, the creation of the fund has proceeded swimmingly. The two provinces have commissioned Stewart McKelvey to do the legal work and hope the fund will open its doors on Feb. 1. And the perennial problem in

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Saint John Named to Smart21 2012

Saint John has become the third New Brunswick city to be named to the Smart21, a club of cities and towns from around the world dedicated to the "broadband economy", the New York-based Intelligent Community Forum said Friday.

Fredericton received the honour several times, most recently in 2009, and Moncton made the list in 2009 and 2010.

"What we did is finally throw our hat in the ring," said Jeff Roach, the former executive director of Propel ICT and the brains behind the new thethinkcity.ca website. He said the other New Brunswick cities had applied repeatedly in the past but this

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7% Rise in I-3 Contestants

Innovacorp, Nova Scotia’s technology commercialization agency, has received 142 applications for its biennial I-3 competition, up almost 7 percent from two years ago and reflecting particular interest in the Halifax area.

Dawn House, spokeswoman for the agency, said Innovacorp is pleased with the numbers as it had set a target of 100 submissions.  It had received 133 submissions two years ago.

The Halifax region accounted for the lion’s share of the submissions with 69, up from 54 in 2009. Cape Breton was second with 27 submissions, followed by 24 from Digby and the Annapolis Valley, 16

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2nd Act Logs First U.S. Sale

Halifax-based 2nd Act Innovations , which has developed an advanced document-organization system called 4sightECM, landed its first sale in the U.S. by winning a contract yesterday with North Star Solutions of Media, Pennsylvania.

North Star, which provides technology and services to the mortgage industry, announced that it selected 4sight Enterprise Content Management, or  ECM, platform. Corporations face the perennial nightmare of organizing, protecting and accessing their documents, emails, reports and the like and 4sight is a system that allows companies to quickly and easily store

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Mindful Scientific Begins Fundraising

Halifax medical devices company Mindful Scientific has secured the first commitment of funding en route to a seed round it hopes will be worth $400,000 to $600,000.  

Permjot Valia, a London investor who has invested in several Nova Scotia startups and the author of the Angel Business Blog, has made a commitment to invest in the company, which is commercializing technology that can check for brain injury.  The company recently gained media attention because it hopes its technology will help diagnose brain trauma caused by sports injuries – an incredibly controversial subject.


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21-Gun Salute to the Irvings

There are few angles of the Halifax Shipyard story that have been overlooked, but none is more glaring than how lucky we are that K.C. Irving and his descendants were  born in the Maritimes.

Billionaires are not in vogue this season, but the Irving family has proven this week that they have done all the region – New Brunswick in particular but the region in general – could ask of them.  For almost a century, they’ve channeled and rechanneled their wealth into tremendous enterprises in Atlantic Canada, and that is a big reason that Irving Shipbuilding won the $25 billion contract

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