JEDI Names Stanley Barnaby CEO

The Joint Economic Development Initiative, an Indigenous organization that backs First Nations industry and entrepreneurs, has made acting CEO Stanley Barnaby’s job permanent.

Barnaby, 33, is already a JEDI veteran. He joined as an intern in 2015 and established himself as a finance and operations specialist. He said in an interview that he sees his youth as an asset for the chief executive

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Tribe Network Readies Roadshow

Tribe Network, which is a support organization for Black entrepreneurs and business owners in Atlantic Canada, is commencing its first Black Start-Up Project Roadshow — a series of networking events for Entrepreneurs of Colour.

With tour dates scheduled in multiple cities and towns across Atlantic Canada, the Roadshow is open to Black business owners and aspiring entrepreneurs and will feature

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For Life Sciences Labour, Look to Upskilling: Observers

Atlantic Canada’s life sciences startups face a labour crunch possibly even more complex than the one gripping the information technology sector, but short-term training and upskilling programs could offer a partial solution, observers say.

Vivian Beer, manager of HR strategy for the PEI BioAlliance, and Chandra Kavanagh, director of Bounce Health Innovation, said in interviews that the biotech

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Maritime Launch Goes Public on Specialist Exchange

Commercial spaceflight startup Maritime Launch Services has completed its reverse takeover of now-defunct merchant bank Jaguar Financial Corp., and in a departure from common practice, listed its shares on Toronto’s specialist NEO Exchange for innovation-driven companies.

The deal to buy Jaguar was announced in December and finalized last month. At the time, Jaguar was trading on the TSX Venture

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PEI’s PayTic Raises $2.95M

Charlottetown-based PayTic, whose product streamlines the back-office operations of payment companies, has raised $2.95 million in its initial funding round.

The company, which had previously been in stealth mode, issued its first press release on Monday to say its round was led by Halifax-based Build Ventures. The other investors are Charlottetown-based Island Capital Partners, Halifax-based

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Nova Graphene Wins Defence Contracts

Halifax-based advanced materials startup Nova Graphene has bagged a pair of defence contracts to develop graphene-based materials for protecting helicopter rotors from sand, ice and water damage.

Founded in 2017, Nova Graphene’s flagship offering is the CarbonEra suite of products, which are proprietary derivatives of graphene — a form of carbon in which molecules are arranged in a lattice

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Picketa Systems Raises $300K

Fredericton’s Picketa Systems, which makes fertilizer analysis technology for the agriculture industry, has raised a $300,000 round of angel funding that gives the company about a year of runway.

Chief Executive Xavier Hébert-Couturier said in an interview that Picketa spent last summer gathering data from nine New Brunswick farmers, including its own CTO Dominic Levesque, to train its

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