NB Adds $10M to Build Fund II

Build Ventures, the Atlantic Canadian venture capital fund, is receiving a $10 million contribution from the New Brunswick government for its second fund, bringing the total so far to $25 million.

Headed by Patrick Keefe and Rob Barbara, the Halifax-based VC group began five years ago with a $65 million fund, which has invested in 14 companies. Its principals are now raising money for their

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Venn CEO Chairs TECNA

Doug Robertson the CEO of Venn Innovation, a New Brunswick tech support organization, has been appointed Chair of the Technology Councils of North America.

TECNA represents nearly 50 IT and Technology trade organizations, which account for more than 22,000 technology-related companies across the continent, said a satement.

Venn, which is based out of Moncton, is the only Atlantic Canadian tech

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NB Supports Resson, SimpTek

Fredericton startups Resson and SimpTek Technologies are receiving funding from provincial agencies to increase their workforces and expand their businesses, the provincial government announced this week.

Resson, an agriculture technology company, will create as many as 31 new jobs over the next three years, aided by up to $370,000 in payroll rebates from Opportunities New Brunswick.

And

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Inversa in US$2.5M Deal in Georgia

In a breakthrough to the U.S. market, Fredericton-based Inversa Systems, whose technology can help to assess the state of infrastructure, has signed a three-year, US$2.5 million (C$3.3 million) agreement with the State of Georgia.

The company last year announced that it had signed a five-year, $2.5 million contract with the New Brunswick Department of Transportation to inspect culverts and storm

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ABK Taps Michael Mangano as CEO

Halifax-based medical device maker ABK Biomedical has a new President and CEO.

He is Michael J. Mangano, who was already a director of ABK and was recently President and CEO of San Clemente, Calif.-based ReShape Medical. ABK’s previous CEO Bob Abraham, who fully supports the hiring, will remain on the senior management team as Chief Medical Officer.

“In fact, I had asked Mike to join the Board

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BlueLight Expands its Senior Team

BlueLight Analytics, a Halifax-based health tech company, has made three additions to its senior management team to include a new VP of Business Development, VP of Technology and a VP of Product and Marketing.

Theresa Lee, Derek LeBlanc, and Matt Cooper will be filling the roles respectively.

“We have a lot of exciting things on the horizon,” said BlueLight’s CEO JP Fury in a statement.

“We’re

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New App Aids Carers of People with Dementia

Halifax-based DGI Clinical has launched a new app, SymptomGuide Dementia, that allows caregivers to track and manage symptoms of Alzheimer's disease.

The app allows caregivers to learn about dementia, including Alzheimer’s disease, and provides management strategies for dealing with symptoms.

Caregivers can choose those symptoms most important to them and share progress with family and

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Appili Considers Stock Market Listing

Buoyed by positive results in recent clinical trials, Appili Therapeutics is considering a listing on the Toronto Stock Exchange.

The Halifax-based drug discovery company has been conducting clinical trials on its first drug candidate, ATI-1501, and released a statement today saying the tests produced the results it was hoping for. “It couldn’t have gone any better,” said Vice-President of Drug

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Jobs: WoodsCamp Shows Exit’s Upside

We've written often of the economic gains that take place when companies exit, and Lunenburg-based WoodsCamp Technologies is making the case for us with its job postings. 

We had no new job postings on the Entrevestor Job Board in the past week, so our Jobs of the Week column this week will once again focus on Woodscamp, which has posted four openings on our site. The company in June said it had

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