Funders See Deals Despite Downturn

An economic downturn is never good news for startups raising capital, but early-stage companies in Atlantic Canada will likely be buffered somewhat by the strong participation of government in funding high growth companies.

Interviews with several Atlantic Canadian funders revealed a belief that there will still be funds available to promising companies – especially those that need less than,

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Velsoft Offers Learning System Free

Velsoft Training Materials is offering its learning management system free to companies to help them train staff remotely during the current pandemic. It is being inundated by demand for its product.

The New Glasgow, NS-based company last week issued a press release saying it would offer unrestricted access to its learning management system for companies scrambling to deal with the fallout from

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Cribcut Pays Stipend to Stylists

Halifax-based Cribcut, which helps companies provide hair and nail services to employees as perks, is responding to the Covid-19 outbreak by offering interim financial support to its stylists.

Last week, CEO David Howe posted on LinkedIn that the company has decided to suspend 400 office visits and cancel about 3,500 appointments because of the pandemic.

The company then announced on Monday

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ReelData Wins Start-Up Yard Event

ReelData, an artificial intelligence company that targets the aquaculture industry, captured the $2,000 first prize at the Start-Up Yard at COVE Pitch Night on Thursday.

Start-Up Yard, the oceantech hub on the Dartmouth waterfront, brought together 10 early-stage entrepreneurs to pitch their companies, and awarded a total of $4,500 in prize money to the winners.

“I know these companies,” said

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AVF Delayed Due to Covid-19

The Atlantic Venture Forum has decided to postpone its 2020 conference due to the Covid-19 pandemic.

The forum, which brings together Atlantic Canadian founders and a range of investors, was due to have taken place May 6 and 7 at the Lord Nelson Hotel in Halifax. However, Critical Path Group, which hosts the event, announced Friday that it now plans to hold it at a later and as yet to be

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Jobs of the Week: Two at Protocase

Protocase, the Sydney-based manufacturer of custom electronic enclosures, is looking for an R&D Mechanical Engineer and a Mechanical Engineering Technologist, and these headline our Jobs of the Week column today.

Established in 2001, the company focuses on combining advances in software with advanced manufacturing techniques to offer unique custom manufacturing to the engineering, design, and

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UNB, Mount A Shine at VCIC

Two teams from New Brunswick universities placed highly in the Canadian division of the Venture Capital Investment Competition, or VCIC, last week. But as COVID-19 continues its spread, there will be no global finals for the winners to attend.

Students from the University of New Brunswick finished first at the graduate level, which would have qualified them to attend the international round in

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Agyle Sees Further Growth in 2020

With its revenues increasing 500 percent last year, P.E.I.-based Agyle Intelligence is hoping to continue its sales growth in 2020 with new customers throughout North America.

Based in Mount Stewart, just east of Charlottetown, Agyle Intelligence grew last year mainly because it was filling a half-million-dollar contract with the federal government that it secured through Innovative Solutions

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Region’s R&D Spending Improves

There are indications – nothing concrete, but indications nonetheless – that Atlantic Canada is beginning to improve its performance in research and development.

The region has historically been a weak player in Canadian R&D, especially in the private sector. Canada itself ranks poorly in international rankings in R&D and its East Coast is especially weak. But the most recent data on R&D

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