Karma Gaming, the Halifax startup out to marry regulated lotteries with video games, is on the verge of closing a $750,000 second round of funding and hopes to bring in a third round by September.

Chief Executive Paul Leblanc and Chief Innovation Officer Jay Aird said in an interview today that they’ll close the second round in the next two weeks. Their first round was a $500,000 funding from Groupon CTO and Dalhousie University alum Paul Gauthier and the Atlantic Canada Opportunities Agency. Acoa will also play a role in Karma’s second round, which will include about $250,000 in

The results of one of New Brunswick’s ambitious accelerator programs will be on display next Wednesday in Moncton as five companies from the McKenzie Accelerator pitch at an Angels’ Den.

Last autumn, two new accelerator programs began in New Brunswick:  PropelICT’s Launch36, which we wrote about last month, is designed to bring companies to the market-ready or investment-ready stage; and the McKenzie Accelerator is designed to take concept companies and prepare them for seed funding. The idea is that a company can go through the McKenzie Accelerator and be ready to enter Launch36.

Victoria Lennox’s voice was muffled as she spoke into her cellphone, but the message she was delivering came through loud and clear. After holding a week of town hall meetings with entrepreneurs across Nova Scotia, entrepreneurs and small-business owners were letting her know that they wanted less confusion in the programs that support them.

 “We learned quite a lot,” she says of her first week touring Canada as the executive director of Startup Canada. “We learned that there are a lot of services in the province, but what people want is to bring them all together to smooth the way.”

It would be wonderful if Nova Scotia were designated an “intelligent community” next year. The fact that the province is beginning the process of seeking the designation should result in economic paybacks, say the campaign’s organizers.

 Digital Nova Scotia, the umbrella organization for the provincial IT industry, recently announced that it’s entering the competition for the 2013 designation of the world’s most intelligent community, awarded each year by New York’s Intelligent Community Forum (ICF). The announcement followed Digital Nova Scotia’s second annual Leaders’ Summit, which was

The establishment of a buyout fund in Halifax is a nice addition to the growing number of investment groups in the region, and could help with one problem facing the Atlantic Canada – succession in prosperous businesses.

SeaFort Capital Inc. announced Monday that it will set up shop under the leadership of president Rob Nomandeau. The chairman will be MP Scott Brison and the board and investors include Scott McCain, Donald Sobey and Rob Sobey.

Without having spoken to anyone involved in the company (I’m out of town), what I do find interesting is that the principals have chosen to

Breviro Caviar Inc. and Soricimed BioPharma Inc. are sharing the top award in the New Brunswick Innovation Foundation R3 Gala’s Innovation Challenge.

The winners will each receive $50,000 worth of research and development services at a New Brunswick post-secondary institution or a research organization, $5,000 in legal services from Cox & Palmer and $5,000 in accounting from Deloitte. R3 stands for ``recognizing research results’’ and is designed to encourage young companies to collaborate with researchers in the province.

Based in Pennfield, Breviro Caviar produces caviar from sturgeon

Halifax engineers Tim Burke and Bill Power have formed a new medical technology company in Halifax that is starting not with a grand idea but a new method of developing innovation.

Impetus Innovations doesn’t know yet what its first product will be. Instead Co-CEOs Burke and Power have assembled a team of innovation specialists who will approach medical device companies, sound them out about their pain points and come back with solutions.

``We operate on one fundamental theory: don’t build anything that people don’t want to buy,’’ said Burke, who is the President and Co-Founder of Quark

When Darren Piercey was developing his online software he had little trouble finding relevant subjects to test it: people afraid of spiders. The University of New Brunswick (UNB) psychology professor identified 300 undergraduates with varying degrees of arachnophobia, and invited 80 of them to come forward to help test-drive CyberPsyc, a virtual reality software that helps individuals overcome their phobias and anxieties.

Today CyberPsyc Software Solutions Inc. is one of 11 companies now going through Propel ICT’s Launch36 program. The company also recently landed its first round of

I was delighted this week to work with Fergus Dyer-Smith and Paul Ryan of Wooshii as they launched the online video crowdsourcing company’s new North American Headquarters and Global Development Centre in Halifax.

Wooshii is a marketplace for online video and animation. It allows customers to post their requirements and have a network of more than 6,000 creative providers bid on the job. Fergus, a Brit now living in Portugal, has been working with the Atlantic Canada Opportunities Agency on establishing Wooshii’s  largest office in Halifax, and he hired Radian6 alum Paul Ryan to be the

Trevor MacAusland laughs at the notion of turning Launch36 into Launch72. For the past few months, the head of Saint John-based PropelICT has been working hard to launch Lauch36, a program designed to take 36 companies to a market-ready stage over three years.

But a funny thing happened as the project developed: there was about twice the talent and capacity for mentorship that MacAusland and his colleagues had originally envisioned. As a result, the first cohort of companies going through the accelerator consists of not six but 11 young and growing companies.

While there are