Karma Secures $1M from Vanedge

Halifax-based Karma Gaming, which develops video games for regulated lotteries, has added to its Series A round of venture capital with a $1 million funding from Vanedge Capital in Vancouver.

The funding, Vanedge’s first in Atlantic Canada, is an addition to the $4 million first closing announced in June, bringing the total for the A round to $5 million. The first closing of the round included $2.5 million from Rho Canada Ventures, the Canadian arm of Rho Capital Partners, which has offices in Palo Alto, Calif., New York and Montreal, and $1.5 million from Innovacorp, the Nova Scotia

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Miramichi Fund Backs Eggroll Digital

Eggroll Digital Studios Inc., a new mobile and software development company, is launching in the Miramichi region with an investment from the Miramichi Technology Fund, which was established by former New Brunswick Premier Frank McKenna.

The company will be headed by Mike White, a native Nova Scotian who studied and worked in television animation in Nova Scotia before starting a mobile gaming company in San Francisco in 2008.

“We’ll be focused primarily on developing games for mobile devices,” said White in a statement. “For now we’ll be creating iOS games for the iPhone and iPad.

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Ladies Learning Code Comes to NB

Ladies Learning Code, the national group that introduces people of all ages and genders to programing, is coming to New Brunswick.

The group began in Toronto a few years ago and came to Atlantic Canada earlier this year with a few sessions in Halifax. Though it does encourage females to learn about technology, the organization is somewhat misnamed because its students are simply people who are new to coding, regardless of their sex. It’s also proven a great way for children and teenagers to learn about coding.

The first New Brunswick Fredericton event will be held Sept. 21 – which is

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Mindful Reaches North America Finals

Mindful Scientific, the Halifax company whose portable device can detect head trauma instantly, has been selected as one of six North American finalists in the IBM Global Entrepreneur Competition.

CEO Ying Tam said Monday the company will participate in the IBM North America Regional SmartCamp, to be held in Silicon Valley from Sept. 17 to 19.  

“It certainly validates where we’re going in terms of market opportunity and the size of market,” he said in an interview.

Mindful Scientific has been developing the Halifax Consciousness Scanner, or HCS, as a comfortable, attractive device

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PGI Lands $250,000 VC Investment

Performance Genomics Inc., a Truro-based biotech company that aims to improve the fertility of livestock, has received a $250,000 equity investment from Innovacorp, capping off a year in which it has raised more than $500,000 from a variety of sources.

One of the veterans of the region’s life sciences industry, PGI identifies genes that control reproductive performance in mammals and is developing genomics tests to predict how long livestock will stay fertile. If farmers can identify which cows stay fertile the longest, they can employ selective breeding to ensure their cattle produce

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Innovacorp Launches I-3 Competition

Robert Niven looked around the packed room at the Innovacorp Enterprise Centre on Friday and said it once again: “I love this event.”

The CEO of Halifax-based CarbonCure Technologies has good reason to love Innovacorp’s I-3 competition, whose launch we were attending.  His was a true startup (then known as CarbonSense Solutions) when he entered the competition in 2009, yet the company placed second in the Halifax area, behind the eventual provincial winner, Tether. Since then, CarbonCure has grown steadily, finding national and international markets for its sustainable method of making

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Timbre Cases Joins NB Music Sector

Peter McMath is carrying on a proud New Brunswick musical tradition, though it’s only indirectly related to playing an instrument or singing a song.

McMath is president of Timbre Cases, a Fredericton startup that is dedicated to making the best guitar cases available. A lifelong music fanatic, he wants to emulate the success of local companies Sabian Cymbals and Los Cabos Drumsticks, which have excelled in the global market for music equipment.

 “What we set out to do was design and make molded instrument cases out of plastic,” said McMath in a recent interview at a table along the

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Neurodyn Buys Alzheimer’s Drug

Charlottetown-based drug discovery company Neurodyn Inc. said Wednesday it has bought an Alzheimer’s prescription drug candidate from a German company, hoping to fast-track the product to market.

The company said in a press release it bought all the assets related to the drug Memogain from Galantos Pharma GmbH, based in Mainz, Germany. Memogain has completed an extensive preclinical development program, which means it will begin Phase 1 clinical trials late this year.

Though Neurodyn did not disclose the terms of the deal, executive director Robert Cervelli said in an interview it paid

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Foursum Launches App for Golfers

Moncton-based Foursum has launched its new iPhone app that allows golfers to analyze and improve their game and network with other golfers.

The company was founded in 2012 by tech veterans (a golf fanatics) Matt Eldridge and Adam MacDonald and golf pro Louis Melanson as a means to use your smartphone to improve your golf score and enhance your enjoyment of the game.  The app can be downloaded free from foursum.com.

“We’re not only debunking the lingering myth that mobile phones don’t belong on the golf course; we’re helping to grow one of the most popular games in the world,” said

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BioInnovation Semi-Finalists Named

BioNova, the life sciences association in Nova Scotia, has released the names of 12 semi-finalists in this year’s BioInnovation Challenge, which for the first time will include companies from New Brunswick.

For the third year running, the Challenge will be the pitching competition at the BioPort Atlantic Conference, which will take place at the Westin Nova Scotian in Halifax on October 9 and 10. BioNova for the first time has teamed up with its sister-organization in New Brunswick, BioAtlantech, so four companies from New Brunswick will be in this year’s pitching event. The winner will

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