Neurodyn Lands $1.5M; May Add $500K

Neurodyn Inc., the Charlottetown biotech developing early treatments for neurological diseases, has closed a $1.5-million round of funding from a range of U.S. and Canadian investors and could bump the total up to $2 million.

The company will use the money to push forward with its two top candidates: NeuroPro, a dietary supplement for early-stage Parkinson’s disease, which will begin sales in Canada this year; and Progranulin, a novel therapeutic compound being developed as a treatment for ALS, Parkinson’s and Alzheimer’s diseases.

The headline investors in the round were the Regis

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Alpha Dog Games Seeks $1 Million

Now that its first mobile game Wraithborne has been downloaded by 200,000 users, Alpha Dog Games is looking for as much as $1 million to help develop its next game.

The Bedford, N.S., game developer launched Wraithborne for mobile devices running on iOS (Apple’s operating system) in November, having developed the action-adventure game with only a three-man team in about six months. Focusing on the quality of the graphics and storyline, they created a low-budget game that generated enough buzz to keep going to work on the sequel.

“Real success would be 1 million downloads, but some games

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G2 Research Enters New Segments

Entering its fourth year of existence, G2 Research is branching out from GPS analytics for law enforcement to new sectors such as fleet management, security for companies using shippers, and high-risk offender monitoring.

The Dartmouth company has been successful in its core market, never raising equity financing and selling to law enforcement agencies in five countries on three continents. More than 90 per cent of its sales are outside Canada.

 “Currently, it’s for investigating bad guys,” said CEO Tom Gilgan in an interview. “Police will put a tracking device on a vehicle and we can

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Lowe: Blending Wisdom and Capital

When Brian Lowe was a young man looking to sell his Nova Scotia environmental services companies, he had two offers on the table.

In the end, he sold to Laidlaw Environmental Services of South Carolina because Laidlaw was able to offer cash and, as Lowe’s mentor, John Lindsay Sr., advised, “Cash is king.”

Working alongside Lindsay, the man behind Halifax’s Purdy’s Wharf development, Lowe

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PlanAheADD helping ADHD Patients

Dylan Mitchell’s creation of PlanAheADD illustrates all that is good in the Atlantic Canadian start-up community. His is the story of someone turning a personal challenge into a business, of a mentor and an angel giving generously to a young entrepreneur, and of a venture with the potential to help millions.

PlanAheADD is a software-as-a-service aid that helps those with attention deficit hyperactivity disorder (ADHD) plan their lives and organize their work. Its creation dates back to 2011 when Mitchell, then a 24-year-old strength-and-conditioning coach in Fredericton, was diagnosed

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Halifax Entrepreneurship Expo

Ten teams of students and entrepreneurs will vie for $10,000 in seed money in Startup Sunday, the highlight of the Halifax Entrepreneurship Expo, which culminates on March 21.

Philip Calvert, the head of Calvert Events and the organizer of this event, launched the fourth Entrepreneurship Expo on Thursday at St. Mary’s University.

The Expo comprises several events spanning 11 days all at the Cunard Centre, ending with the Dine with a Legend on March 21 which will feature an address by Arlene Dickinson, star of CBC’s Dragons’ Den. (The event used to be called Dine with a Dragon, but

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Fredericton to Host Startup Week

A loose confederacy of organizations is organizing East Coast Startup Week in Fredericton in late March to encourage entrepreneurs, and they hope it will become an annual event in a different city each year.

Startup Week 2013 will feature Demo Day for the Launch36 accelerator, the dinner for the New Brunswick Innovation Foundation’s Breakthru competition, a Startup Weekend event and a host of mentoring and speaking events.

The program has been organized by entrepreneurs and their supporters in the three Maritime provinces. It will feature at least one speaker from Newfoundand and

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Ladies Learning Code in Halifax

In the continuing effort to encourage women in technological pursuits, the Halifax chapter of Ladies Learning Code will hold its first workshop in the region in April.

Toronto-based Ladies Learning Code is a national not-for-profit organization whose purpose is to introduce women and girls to writing code and teach them to apply the skills to daily life and/or professional ambitions. Since August 2011, the organization has held workshops in several Canadian cities, and its first Atlantic Canadian session will be held Saturday, April 6, in Halifax. The session, to be led by Pearl Chen of

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Interview Rocket Lands $250,000-Plus

Interview Rocket, a Halifax startup that offers interview technology for recruiters and jobseekers, has landed more than $250,000 in funding from the First Angel Network, foreign investors and the Atlantic Canada Opportunities Agency.

In an exchange of emails, CEO Craig Brown declined to reveal specifics of the funding other than to say it was above $250,000.

One-year-old Interview Rocket is a Software-as-a-Service recruitment aid that helps both recruiters and jobseekers simplify the interview process. Brown estimates recruiters save about $6 on wages and other costs for every dollar

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CeteX Advances Wastewater Treatment

Nathan and Gregory Armstrong, two brothers studying at University of New Brunswick in Fredericton, are working on an intriguing proposition to reduce the cost and environmental footprint of waste-water cleanups.

They want the methane gas produced by such waste water to provide the energy for the cleanup process. And they have formed a company called CeteX to develop the technology, which will require preliminary seed funding of about $250,000.

CeteX is still in the conceptual stage, but the Armstrongs are moving forward with their plans. They have entered the company in the New

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