Wayne Sumarah has been named the new Chief Executive Officer of Digital Nova Scotia, the association for the $2.5 billion information technology industry in the province.

The association issued a statement on Thursday announcing that its board of directors had selected Sumarah for the top executive position. He replaces Ulrike Bahr-Gedalia, who held the position from 2013 until early this year.

GrowthWorks Atlantic Venture Fund Ltd., one of the first venture capital funds in Atlantic Canada, has decided to wind up operations.

The fund has not raised new capital since 2014, and has been reducing its holdings in recent years as its portfolio companies exited, collapsed or found buyers for GrowthWorks’ shares.

Now its board has decided the time has come to wind up the fund entirely.

The Memorial Centre for Entrepreneurship will hold the Mel Woodward Cup pitching competition on June 16 – a virtual presentation of the biggest event on its calendar.

Due to the COVID-19 crisis, the St. John's-based MCE postponed the Woodward Cup from the winter to June, and it will be a virtual event when it’s staged next Tuesday afternoon.  You can register to view it here.

While working at

Sydney’s Navigate Startup House has signed a memorandum of understanding with regional tech accelerator Propel, under which they will work together to encourage tech entrepreneurship in Cape Breton.

The two groups issued a statement saying they would collaborate to promote Propel programs that assist technology startups in Cape Breton.

“As Atlantic Canada's online accelerator, Propel takes

With its annual recurring revenue hitting $8 million, Halifax-based Proposify has closed a substantial funding round led by Toronto-based Canadian Business Growth Fund, or CBGF.

The parties declined to reveal the size of the round, though CBGF says it normally makes investments of between $3 million and $20 million. It was the first Atlantic Canadian investment by CBGF, a young $545 million fund

The Ocean Startup Project, an initiative helmed by Canada’s Ocean Supercluster, is accepting applications for a competition in which would-be entrepreneurs can compete to solve problems faced by oceans companies.

Donald Grant, the project’s executive director, said in an interview that his team hoped to develop a shortlist of 15 to 20 individuals or teams that will compete for ten $25,000 prizes

A new partnership between Atlantic Canadian governments, industry and post-secondary institutions is aiming to address tight labour supply in the biotech sector.

The federally backed Future Skills Centre has announced that it will invest $1.5 million to found the Canadian Alliance for Skills and Training in Life Sciences. Its mandate is to use training programs to soften a tight labour market in

Having placed in the top five in the recent Techstars Startup Weekend international event, Sydney-based Rest Assured has also been accepted into Dalhousie University’s Ready2Launch program this summer.

Rest Assured, which is headed by Cape Breton University nursing students Michaela Moore and Kelsey Muller, won the national Startup Weekend competition called “Unite to Fight COVID-19” in April.

Halifax-based biotech company Adaptiiv Medical Technologies continues to grow and is hiring a Quality Manager, a posting that headlines our Jobs of the Week column.

Adaptiiv, which raised $3.4 million in equity financing earlier this year, has developed a system that 3D prints a bolus – a piece of plastic that is placed over the cancerous area in a patient undergoing radiation therapy. The

Venture capital investment in Atlantic Canada was already weakening before the COVID-19 crisis sent shockwaves through the economy, new data from the Canadian Venture Capital and Private Equity Association shows.

In fact, if you consider the funding announcements of the past two months, it’s a safe bet that Atlantic Canadian VC funding will be larger in the second quarter – when the shutdown was