First Angel Network’s Evolution

After six years spent building a network of investors, the First Angel Network is undergoing changes that will enhance the benefits it brings to Atlantic Canadian businesses.

The changes range from a cosmetic shift like opening a new office to deepening its management team and expanding its geographic base in investments and portfolio companies. FAN has even changed the process it uses in selecting portfolio companies.

Co-founders Ross Finlay and Brian Lowe remain the pillars of the organization, but they have added business analyst Nicole LeBlanc. A certified general accountant,

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Green Imaging Launches New Cell

Green Imaging Technologies of Fredericton is beginning to reap the rewards of its partnership with Oxford Instruments of Britain, as the two companies on Monday released their fully integrated Nuclear Magnetic Resonance (NMR) cell for performing overburden studies.

The two companies, which announced a partnership in May, launched the new cell at the Society of Core Analysts (SCA) Symposium in Austin, Texas.

Green Imaging was formed about five years ago by Derrick and Jill Green to make it easier, faster and more economical for petroleum companies to study the core samples they extract

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New Landscape in Atlantic Canada

The venture capital investor didn’t bother trying to hide his contempt for my theory. ``It’s just because of one deal,’’ he shot back as we chatted last week.

I’d just said that the investment, entrepreneurship and innovation community in Atlantic Canada was at a watershed moment, that the environment had changed just in the past year and that the change was permanent. For example, I cited Thomson Reuters data showing the total VC investments in Nova Scotia had averaged $17.5 million in 2009 and 2010. Already in 2011, six deals have been announced worth more than $42 million. So, with

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Startups Earning Kudos Elsewhere

Kudos to Atlantic Canadian startups that have recently received recognition beyond our borders.

TitanFile, the Dartmouth digital file-sharing company, received glowing coverage Friday from the Financial Post, in its special reporting on the 50 best-managed companies in Canada. The story noted how aggressive CEO Milan Vrekic is, hoping for $10 million in revenue in Year 3, compared with an estimated $500,000 this year.

Meanwhile, Halifax-based multi-channel marketing company SimplyCast was listed as one of the top 100 Canadian startups this week in ranking compiled by global web

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Adfinitum Grows as It Seeks Funds

As it works on raising as much as $1 million in new capital, Adfinitum has just increased its revenue by signing up a huge new client.

On Wednesday, St. John’s-based Adfinitum signed up the third largest advertising holding company in the world as a client. Adfinitum CEO Ed Clarke declined to name the new customer, but he did say that Adfinitum’s system would allow any of its thousands of staff members on five continents to use data on existing ads as a research tool for planning ad campaigns.  

Usually when Adfinitum grows, it does so by expanding its massive databank of

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Tier 1 VCs Hand GoInstant $1.7M

The tech media in San Francisco was abuzz last night with the launch of GoInstant, the latest venture of Jevon MacDonald, until recently the entrepreneur-in-residence at Innovacorp in Halifax.

Forbes, PC Magazine, TechCrunch, ZDnet and CNet all reported on the launch of the Halifax-based venture at the TechCrunch Disrupt conference in Silicon Valley.

MacDonald, a PEI native who came to Halifax by way of Austin, Texas, amicably left the one-year post at Innovacorp earlier this year and has been known to be working on his next venture with a group of collaborators. GoInstant’s technology

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Endless Applications of Smart Skin

Smart Skin is the gift that keeps on giving to Kumaran Thillainadarajah.

A few years ago, the Fredericton resident developed a thin pressure-sensitive material that could relay information when someone pressed any specific place on the surface. He began to explore practical applications for the technology, such as applying it to artificial limbs so amputees could feel pressure on their prosthetics. However, the development process was long and expensive.

Finally he hit on the right application and in November, 2009, Smart Skin Technologies was born. The company’s main objective is to

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DemoCamp Halifax in 10 Days

I'm pleased to say I signed up yesterday for DemoCamp Halifax 2011, a one-evening event hosted by file-sharing company TitanFile. The DemoCamp will take place Friday, Sept. 23 from 5-8:30 pm at the Dalhousie University Computer Science Building.

The DemoCamp boasts an excellent array of speakers, including TitanFile CEO Milan Vrekic. Other speakers include: Compilr CEO Patrick Hankinson; Tether CEO Tim Burke; GoInstant boss Jevon MacDonald; Monica Goyal, co-founderof; noted startup lawyer Christian Weisenburger of Beyond the Box Law; NewPace CEO Brent Newsome; and

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Muisings on BDC, RBC Reports

Some interesting data flowed from Business Development Bank of Canada late last week, which shows that Atlantic Canadians are less entrepreneurial than most other parts of Canada, but we’re generally running with the herd.

The problem is, we need entrepreneurship more than other parts of the country, so we should be near the top.

In a report titled ``Canadian Entrepreneurship Status 2010’’, the federal business generation agency said that 8.8% of Atlantic Canadians intend to start a business. That’s about half of the 17% in Alberta and BC, but within striking distance of the roughly 11%

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Enovex on a Quest for $1.5M-2M

Scott Walton has a long journey in front of him – geographically, financially and likely in other ways. But he’s well under way.

Walton, the 24-year-old founder and CEO of the Saint John carbon capture enterprise Enovex Corp., will leave Monday for an eight-week road show that will take him to Colorado, Beijing, Shanghai, Hong Kong, Calgary, New York City, Banff and Toronto in search of capital and customers. He will attend the Modern Energy Forum in Denver, and is one of 10 Canadian cleantech companies invited to the Northern CleanTech Showcase in Beijing and Shanghai.

He’s got an

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