German Firm Invests in Focus FS

St. John’s-based Focus Field Solutions Inc. has sold a stake to Germany’s Dräger Safety AG, which will help to sell the company’s digital industrial safety solutions in global markets.

Focus FS issued a statement this week saying Lübeck, Germany-based Dräger had invested in the company to extend its expertise in the area of digital worksites.  The parties did not disclose the terms of the

Continue Reading

Innovacorp Invested $6.3M in FY19

Innovacorp, the Nova Scotia government’s early-stage venture capital agency, invested a total of $6.3 million in 17 companies in its 2019 fiscal year, marking a decline in investment totals from the previous year.

The agency each summer releases its annual Accountability Report with little fanfare, and the latest edition shows Innovacorp is continuing to make direct investments from its Nova

Continue Reading

NPC Launches 3 New Programs

Natural Products Canada is launching three new programs to help companies in its space grow to  become companies bringing in eight figures in revenue each year. 

Based in Charlottetown, NPC is an association that helps grow Canadian ventures that make products from natural substances. The organization recently launched new Proof of Concept and Executive Talent programs. Next week, it will

Continue Reading

Curv Health Raises $1.5M

Curv Health has closed a $1.5 million round of equity financing, which will help the company sell its digital healthcare product directly to health and educational institutions.

With offices in Halifax and Toronto, Curv uses machine-learning tools to analyze video of people in motion, then uses that information to develop fitness routines to prevent or cure injuries.

In its first round of

Continue Reading

Introhive Lands $1M ACOA Funding

Relationship intelligence company Introhive, which is one of the larger tech employers in Fredericton, has received almost $1 million in funding from the federal government to increase its foreign sales.

The Atlantic Canada Opportunities Agency issued a press release Tuesday saying the company would receive a loan of $918,745 through the Business Development Program for international market

Continue Reading

NACO Calls Halifax Summit ‘Critical’

The National Angel Capital Organization is focusing its effort to develop angel networks in certain areas like Atlantic Canada and believes its Angel Summit in Halifax next month will be a “critical” step in achieving the goal.

The mission of NACO, as the Toronto-based organization is known, is to develop networks of angel investors across the country and educate them on best practices in

Continue Reading

New Innovation Awards for UPEI

Charlottetown-based commercialization group Synapse is playing a role in the 50th anniversary celebrations of the University of Prince Edward island by launching two annual awards that recognize innovators with a connection to the university.

"As the commercialization office for the university, every day we have the pleasure of helping a wide variety of UPEI innovators in the journey of moving

Continue Reading