HotSpot Sale Targets International Growth

The sale of Fredericton transportation software-maker HotSpot to Toronto engineering and technology company IBI Group grew out of repeated collaborations between the two businesses that highlighted their potential for resource sharing, according to brass at both companies.

On Wednesday, IBI announced it had bought HotSpot for an undisclosed price, and IBI Global Director of Innovation Deepak

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PEI Life Sciences Could Employ 3K by 2025

In its latest labour market white paper, the PEI BioAlliance predicts that Prince Edward Island’s life sciences cluster will employ 3,000 people by 2025 and lays out its plans to create an HR Excellence Initiative to advocate for HR best practices. 

The BioAlliance releases an HR strategy document every five years, and the fourth edition aims to help address the sector’s ongoing staffing crunch.

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Mara’s Raise Backed by Strong Financials

Mara Renewables Corp., which makes nutritional products from algae, raised the largest funding round in Atlantic Canada so far this year on the back of standout revenue growth, with plans to expand its suite of intellectual property, according to CEO Arturo Ania.

He said in an interview that the raise has three purposes: to continue improving Mara’s production processes, sometimes through the

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CandidateHub Targets UK,  Raising $500K

Riverview, N.B. recruitment automation startup is expanding into the British market and hopes to close a $500,000 capital raise within the next three to six months.

CEO Brad DiPaolo said in an interview that he and co-founder Sebastien Aube have been eyeing a U.K. expansion since they started the company in 2020, but began seriously exploring the possibility just a couple months

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Mara Renewables Raises $39.5M

Mara Renewables Corp., which makes algae-based ingredients for nutritional supplements, baby formula and food, has raised the largest funding round so far this year for an Atlantic Canadian startup: a $39.5 million deal led by Toronto specialist VC InvestEco Capital.

Mara, headquartered in Dartmouth, has not disclosed the valuation at which it raised the money. But only a handful of startups in

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TechNL Seeks Firms for High School Work Terms

Newfoundland and Labrador industry group techNL is looking for technology companies to participate in its High School Tech Immersion Program, which is a six-week, work-integrated learning course for Grade 10, 11 and 12 students.

This year’s Tech Immersion Program is a modified version of what techNL first offered last year. Participant feedback from the earlier iteration has led techNL to

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Drinkable Water Wins BUILD

Halifax wellwater testing startup Drinkable Water won the Emera ideaHUB's BUILD demo day Thursday, winning a $3,000 cash prize, while medical device maker Hollo Medical won the People's Choice Award, chosen by audience members.

Drinkable beat out a field of eight competitors – originally planned to be ten, but two founders could not pitch because of travel problems – by a panel of judges that

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Startup Data To Be Released June 14

We’re delighted to announce we’ll launch our 2021 Atlantic Canada Startup Data report at noon on June 14 in a live event at Volta, which will be streamed to people who can’t attend in person.

Our data has become the benchmark for the Atlantic Canadian startup community in recent years. Each year, we tally up the total number of startups, and assess their employees, funding and revenue, providing

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Pressto Raises $1.5M

New York- and Halifax-based education technology startup Pressto has raised a $1.5 million round of pre-seed funding led by Halifax’s Tidal Venture Partners, with New York edtech fund Copper Wire Ventures and a handful of angel investors also signing on.

Tidal Ventures, founded last year, is a pre-seed and seed-stage venture capital fund that invests specifically in Atlantic Canadian companies.

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ACOA Funds Five NS Startups

The Atlantic Canada Opportunities Agency has announced a raft of funding deals for Nova Scotia companies, including five startups, as part of the federal government's Jobs and Growth Fund, created last summer to buttress the economic recovery after COVID-19.

ACOA is administering $70 million of the total $700 million fund, with investments focusing on environmentally friendly and socially

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