Spinzo Eyeing Blue Chip Partners

A year and a half after he set out to revolutionize the crowd-buying model, Emmanuel Elmajian is now adjusting the focus of his company Spinzo in a bid to ramp up its sales volume.

Elmajian formed the Saint John company in late 2011 in a bid to bring more price flexibility and “virality” (the ability of customers to share a promotion so it can go viral) into the crowd-buying model.

Popularized by companies like Groupon, crowd-buying lets merchants offer deep discounts on their products to anyone who buys an online coupon. The model is successful — Groupon is now worth $3.5 billion — but

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New Bosses at Innovacorp, Digital NS

Two of the leading organizations in the Nova Scotia startup world have new bosses.

Innovacorp, the province’s innovation agency, said Friday that it had appointed Stephen Duff, the former Co-CEO of Precision BioLogic of Dartmouth, as its new President and CEO. And Digital Nova Scotia announced that Ulrike Bahr‐Gedalia has been named to the newly created position of President and CEO.

Duff worked for 30 years with Precision BioLogic, which makes innovative blood diagnostic products and has a staff of 60 people.

It would be a stretch to say Duff must bring stability to Innovacorp

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Startup Lawyer: Lessons for Founders

Editor’s note: We’re delighted to introduce the first Canadian Startup Lawyer blog by Rob Cowan, Partner at McInnes Cooper.  This will appear monthly on Rob’s blogging site, StartupLawyer.ca, and Entrevestor.

Each month, Rob will select a topic that arises frequently in his work with leading Canadian startups, and provide the advice that sets young companies on the course to success. It cuts

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Hamblin Puts $100K in Spring Loaded

Spring Loaded Technology of Halifax has landed a $100,000 investment from a prominent Halifax tech entrepreneur, validating not only the company’s product, but also entrepreneurship courses at the region’s universities.

John Hamblin, the president of Clarke IT Solutions, has invested in the company, accounting for one-fifth of a seed funding round with a target of $500,000. The money is helping the company protect its intellectual property and further develop its prototype.

Spring Loaded Technology is developing a knee brace that not only stabilizes the joint but also strengthens it,

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Startup Facility Planned for Halifax

Jevon MacDonald, the co-founder and CEO of GoInstant, is leading a drive to open a new working space in Halifax where tech entrepreneurs can rent space and benefit from each other’s experiences.

MacDonald and his collaborators plan to open the facility, called Volta, this year, starting out mainly as a workspace where founders of young companies can meet and feed off each other’s energy. In time, it might offer some programs, evolving into an incubator or accelerator, which are more structured systems for developing young companies.

MacDonald has been working on Volta since he and his

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SkySquirrel Develops Aerial Drones

The story of SkySquirrel Technologies is a story of two immigrants in rural Nova Scotia, a kick-ass medical device company and the development of an unmanned aerial vehicle that could save lives.

Though very much in its infancy, SkySquirrel is a company that’s already creating buzz at support agencies due to its potential in both software development and manufacturing from its base in

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CompCamp Heading to Invest Atlantic

There’s going to be a bit of a change this year in the Pitching Den at Invest Atlantic.

The fourth annual Invest Atlantic conference will be held at the Halifax World Trade and Convention Centre on Sept. 25, and like its three predecessors it will include pitchers telling the hundreds of delegates about their companies. In the previous years, the Pitching Den has been the final segment of the conference, with the winner usually walking away with beer tickets and bragging rights.

This year, Bob Williamson, the head of Invest Atlantic, is trying something different. He’s organized

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Debating the Pay-to-Pitch Model

To further the debate about whether companies should pay to pitch, Entrevestor today is publishing guest columns outlining opposing views.

Since Toronto-based startup evangelist David Crow criticized the First Angel Network in Startup North on Feb. 19, members of the community have discussed publicly and privately the pros and cons of FAN’s model .

FAN has channeled more than $9 million into 22 companies (and counting) since 2005, during which time it has accepted $1.1 million in funding from the Atlantic Provinces Opportunities Network. It charges each company that pitches to its full

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Finlay, Lowe Standing By FAN’s Record

The First Angel Network, or FAN, goes where other investors fear to tread. Since 2005, it has directed more than $9 million to business startups in Atlantic Canada.

As co-founders of Atlantic-based FAN, we are proud of the performance of the companies our angels have supported. Since 2005, we have invested in 22 early-stage companies. Only two have failed, while two FAN-supported firms have successfully exited – one after being sold for 1.5 times the organization’s investment.

Overall, FAN’s $9-million has leveraged more than $60 million in additional investment in firms that have

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