Verafin, the St. John’s startup whose software fights financial crimes, has received a $6 million non-repayable loan from the government of Newfoundland and Labrador to help increase its workforce.

The government said Tuesday the loan would help to create about 90 jobs with the company, which employed 200 people as of the summer of 2014. Verafin and Spectrum Equity, a private equity fund based in Boston and Silicon Valley, will invest $4.8 million in the expansion project.

The money from the provincial government will not have to be repaid as long as Verafin creates the 90 jobs over a

The deadline is fast approaching for young life sciences companies in the Maritimes to apply for the BioInnovation Challenge.

To enter the $30,000 pitching competition, companies from Nova Scotia, New Brunswick or Prince Edward Island must submit their application by Aug. 7. To apply, contact BioNova Program Manager Kerri Mannette at kmannette@bionova.ca.

“In addition to the grand prize,

Bolstered by a local partnership agreement, Charlottetown-based Origins Xtractions Ltd. is planning to raise money to finance a new commercial facility in the P.E.I. capital for extracting compounds from natural materials.

The three-year-old company specializes in a process called supercritical extraction, which uses pressurized carbon dioxide in a closed system to draw high-value natural extracts from agricultural and marine resources. It is mainly using the process to offer services to clients, but it is working toward having its own commercial production facility. It recently signed a

Dalhousie University’s Launchpad accelerator graduated 10 teams of entrepreneurs in a ceremony last week. During the ceremony, Professors Mary Kilfoil and Ed Leach outlined a series of new initiatives that together will be known as Launch Dal.

The Dal Launchpad ended up with 10 teams who divided $100,000 to fund the development of their lean business model. Most were IT companies and several had been in the university’s Starting Lean program.

The highlight of the ceremony was the announcement that the university would enhance the program that up to now has been known as the Starting

Startup Canada has issued the following press release:

NOMINATIONS NOW OPEN FOR THE 2015 STARTUP CANADA AWARDS

Celebrating the best in Canadian entrepreneurship

OTTAWA – July 13, 2015 – Startup Canada opened nominations today for the second annual Startup Canada Awards, which recognizes the movers and shakers of Canada’s entrepreneurship movement.

“A culture in Canada that celebrates entrepreneurship, innovation, and offers end-to-end support for entrepreneurs will position Canada as a beacon of entrepreneurship globally,”  said Victoria Lennox, CEO of Startup Canada. “The Awards

Al Sturgeon, an entrepreneur-in-residence at Propel ICT, wants all Atlantic Canadians to know that if they have an idea for a business, Propel and its partners can help them explore and possibly develop it.

Propel ICT is an Atlantic Canadian accelerator for startups. It hosts Build, a Moncton accelerator for mature companies, and Launch, a program for seed-stage startups. Launch operates in

Now that Volta has found a temporary headquarters, there are two more important questions to be resolved for the Atlantic Canadian startup community in the second half of 2015.

First, there will likely be an announcement on a university program for international technology sales as proposed by East Valley Ventures chairman Gerry Pond. And second, the Nova Scotia government still has to release its request for proposals for a new venture capital fund based in the province.

Volta, the startup house in central Halifax, announced this week it is moving to a temporary location in 20,000

While many cleantech companies encourage environmentally friendly practices in new construction, Halifax-based PowerWHYS is in the early stages of creating a system that recommends energy-efficient products for renovations.

The PowerWHYS system is a tool for contractors and allows them to input the specifics of the job when assessing renovation projects. The system then delivers real-time

Volta, the startup house in central Halifax, is moving to a temporary new location and doubling its size and capacity in the process.

The group’s administrators and tenants later this month will move to 20,000 square feet of space on the sixth and seventh floors of the Maritime Centre, the tower at the intersection of Barrington Street and Spring Garden Road.

The Volta team was recently

Richard Hurley can envision a day when orthopedic surgeons design and 3D print implants right in their office. In fact, his startup, Conceptualiz, has already prototyped a product that enables the design work.

An orthopedic surgeon himself, the New Zealand native says the company’s software lets surgeons design implants on an iPad. And it is in the process of raising about $1 million in equity and other forms of capital to help it gain regulatory approval to sell the software to the orthopedic implant industry.

“We’re bringing a surgeon’s clinical perspective to the process,” he said in